Association of income and wealth with self-reported health status: analysis of European countries during the financial crisis

Laia Maynou, Marc Saez and Guillem López-Casasnovas

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: In this paper, we evaluate the association of changes in income and wealth with self-perceived health for the European Union (EU) countries, using a longitudinal sample of individuals. We estimated generalized linear mixed models for three waves of the Eurosystem Household Finance and Consumption Survey (2011, 2015, 2017), adjusting for family and individual heterogeneity and for temporal trends. Results show that variations in income have a positive and significant impact on changes in self-perceived health during the financial crisis, but not after 2015. In conclusion, we find that income, rather than wealth, played an important role in protecting health.

Keywords: asset composition; European Union; self-perceived health; wealth (search for similar items in EconPapers)
JEL-codes: C23 G00 I10 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2024-06-30
New Economics Papers: this item is included in nep-eec and nep-hea
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Published in Hacienda Publica Espanola-review of Public Economics, 30, June, 2024, 249(2), pp. 181 - 210. ISSN: 0210-1173

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:124212

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