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Urbanicity mental costs valuation: a review and urban-societal planning consideration

Luca S. D’Acci ()
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Luca S. D’Acci: Politecnico di Torino

Mind & Society: Cognitive Studies in Economics and Social Sciences, 2020, vol. 19, issue 2, No 2, 223-235

Abstract: Abstract Living in cities has numerous comparative advantages than living in the countryside or in small villages and towns, most notably better access to education, services and jobs. However, it is also associated with a roughly twofold increase in some mental disorders rate incidence compared with living in rural areas. Economic assessments reported a forecasted loss of more than 19 trillion dollars in global GDP between 2011 and 2030 and of around 7 trillion for the year 2030 alone when measured by the human capital method. If we exclude self-selection processes and make the hypothesis to be able to level down the mental illness rate incidence in urban areas to these of the rural by better urban-societal planning, around € 1.2 trillion could be saved yearly worldwide. Even a reduction of only 20% in urban mental illness rate would save around 250 billion dollars yearly.

Keywords: Urban quality of life; Urbanization; Psychology of urban life; Economic valuations; Neurourbanism (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s11299-020-00235-3

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Handle: RePEc:spr:minsoc:v:19:y:2020:i:2:d:10.1007_s11299-020-00235-3