The 2008/09 Economic Crisis: The Impact on Psychological Well-Being in the USA

Chiara Piovani and Nursel Aydiner-Avsar

Forum for Social Economics, 2015, vol. 44, issue 1, 18-45

Abstract: The 2008/09 economic crisis has been the worst crisis of capitalism since the Great Depression. The causes and implications of the so-called "Great Recession" have been widely documented, but the effects of the crisis on psychological well-being have only received limited attention. Using state-level data, this paper aims to assess empirically the impact of the 2008/09 crisis on several indicators of mental health in the USA. The results indicate that unemployment and income levels have a significant and detrimental impact on mental health. This implies that social protection systems-and in particular labor market programs-play a paramount role in reducing the adverse impact of the crisis on mental health.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/07360932.2014.964743 (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:taf:fosoec:v:44:y:2015:i:1:p:18-45

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RFSE20

DOI: 10.1080/07360932.2014.964743

Access Statistics for this article

Forum for Social Economics is currently edited by William Milberg, Dr Wolfram Elsner, Philip O'Hara, Cecilia Winters and Paolo Ramazzotti

More articles in Forum for Social Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().