EconPapers    
Economics at your fingertips  
 

Older Americans’ health and the Great Recession

Thomas Hyclak (), Chad Meyerhoefer and Larry Taylor ()

Review of Economics of the Household, 2015, vol. 13, issue 2, 413-436

Abstract: We use 2009 American Association for Retired Persons and Medical Expenditure Panel Survey (MEPS) data to determine how older Americans respond to job loss, decreases in housing and financial wealth, and threats to health insurance. Some respond by leaving prescriptions unfilled, postponing needed health care, and/or stopping 401K contributions. The MEPS confirms our conclusions about the importance of job loss and health insurance for those 45 years old and older. Furthermore, direct measures of mental well-being from the MEPS demonstrate the negative impact of the Great Recession. Overall, our study fills a gap in the economics literature on the well-being of older citizenry during economic recession. Copyright Springer Science+Business Media New York 2015

Keywords: Recession; Elderly; Mental health; Permanent income hypothesis; D12; J14; J64 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s11150-013-9197-6 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:reveho:v:13:y:2015:i:2:p:413-436

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11150/PS2

DOI: 10.1007/s11150-013-9197-6

Access Statistics for this article

Review of Economics of the Household is currently edited by Shoshana Grossbard

More articles in Review of Economics of the Household from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2022-01-10
Handle: RePEc:kap:reveho:v:13:y:2015:i:2:p:413-436