House Prices, Home Equity and Health

Eleonora Fichera and John Gathergood

Health, Econometrics and Data Group (HEDG) Working Papers from HEDG, c/o Department of Economics, University of York

Abstract: Home equity has a strong impact on individual health. In UK household panel data home equity lowers the likelihood of home owners exhibiting a broad range of medical conditions. This is due to increased use of private health care, reduced hours of work and increased exercise. Home equity, unlike income, does not increase risky health behaviours such as smoking and drinking.Home equity is highly pro-cyclical. The positive health effects of home equity gains on home owner health over the business cycle offset the negative effects of labour market conditions and work intensity as shown in US data by Ruhm (2000).

Keywords: Health; wealth (search for similar items in EconPapers)
JEL-codes: I10 I13 (search for similar items in EconPapers)
Date: 2013-01
New Economics Papers: this item is included in nep-eur and nep-hea
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Citations: View citations in EconPapers (6)

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Working Paper: House Prices, Home Equity and Health (2012)
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