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The effect of the economic collapse in Iceland on the probability of cardiovascular events

Kristín Helga Birgisdóttir, Arna Hauksdóttir, Christopher Ruhm (), Unnur Anna Valdimarsdóttir and Tinna Laufey Ásgeirsdóttir

Economics & Human Biology, 2020, vol. 37, issue C

Abstract: After several years of a booming economy in Iceland, the economic bubble burst in 2008 and affected most Icelanders in one way or another. We explore whether the economic collapse in 2008 and subsequent economic crisis affected the probability of ischemic heart disease (IHD) events, independent of regular cyclical effects that can be attributed to typical economic conditions. Moreover, we conduct a mediation analysis to study the potential mechanisms through which the relationship between the economic collapse and cardiovascular health travels. We estimate linear probability models using administrative data on IHD events, earnings and balance-sheet status, as well as unemployment for all Icelanders aged 16 and older in 2000–2014.

Keywords: Iceland; Economic conditions; Economic collapse; Business cycles; Cardiovascular diseases (search for similar items in EconPapers)
JEL-codes: I10 I15 (search for similar items in EconPapers)
Date: 2020
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Working Paper: The Effect of the Economic Collapse in Iceland on the Probability of Cardiovascular Events (2018) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ehbiol:v:37:y:2020:i:c:s1570677x18303150

DOI: 10.1016/j.ehb.2020.100861

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