Unemployment and health: a panel event study

Athina Raftopoulou and Nicholas Giannakopoulos ()

Applied Economics Letters, 2023, vol. 30, issue 10, 1275-1278

Abstract: Adopting a panel event study framework, we estimate the effect of unemployment on health outcomes by exploiting the variation in the timing of entering unemployment using longitudinal data for Greece. We find that in the periods ahead of an unemployment event, health outcomes decline and unmet needs for medical care increase. These findings are valid only for men and are robust to alternative definitions of health outcomes, unemployment events and model specifications. Our findings have important implications for research-based policies aimed to promote individuals’ well-being, especially in periods of high unemployment rates and economic distress.

Date: 2023
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DOI: 10.1080/13504851.2022.2044993

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