How Do Relative Concerns Affect Mental Health among Elderly Japanese?

Yumi Ishikawa

No DP2024-10, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

Abstract: It is well-known today that mental health is affected not only by absolute income but also by income relative to others. This study investigates the association between relative income and mental health using individual panel data from the National Survey of the Japanese Elderly. The results reveal that relative income affects mental health among Japanese early elderly females: Mental health deteriorates when the income of surrounding people increases. This effect remains even after controlling for unobserved time-invariant factors and observed socioeconomic and sociodemographic factors.

Keywords: Mental health; Relative income; Aging; The National Survey of the Japanese Elderly (search for similar items in EconPapers)
JEL-codes: C23 I14 J14 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2024-03
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Persistent link: https://EconPapers.repec.org/RePEc:kob:dpaper:dp2024-10

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