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 ()
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Laia Maynou: Universitat de Barcelona, Universitat Pompeu Fabra and London School of Economics and Political Science
Marc Saez: University of Girona, CIBER of Epidemiology and Public Health (CIBERESP) and Universitat Pompeu Fabra
Guillem López-Casasnovas: Universitat Pompeu Fabra

Hacienda Pública Española / Review of Public Economics, 2024, vol. 249, issue 2, 181-210

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: Self-perceived health; Wealth; Asset composition; European Union. (search for similar items in EconPapers)
JEL-codes: C23 G51 I14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:hpe:journl:y:2024:v:249:i:2:p:181-210.

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