Are Recessions Harmful to Health after All? Evidence from the European Union

University of Aberdeen Business School Working Paper No. 2007-18

Posted: 11 Jan 2008

See all articles by Ioannis Theodossiou

Ioannis Theodossiou

University of Aberdeen - Business School

Athina Economou

University of Macedonia - Department of Economics

Agelike Nikolaou

University of Macedonia - Department of Economics

Date Written: March 2007

Abstract

This paper investigates the effects of national unemployment rates on overall age and cause-specific mortality rates in a panel sample of 13 European Union countries. A fixed-effects model is used to control for unobserved time-invariant characteristics within countries. In addition, controls such as lifestyle risk factors, urbanisation and medical intervention indicators, for potential confounders are used. Contrary to some recent evidence this study shows that there is a strong, positive relationship between adverse economic conditions and the mortality.

Keywords: Mortality, Unemployment, Fixed-Effects models

JEL Classification: C23, C33, E24, I12

Suggested Citation

Theodossiou, Ioannis and Economou, Athina and Nikolaou, Agelike, Are Recessions Harmful to Health after All? Evidence from the European Union (March 2007). University of Aberdeen Business School Working Paper No. 2007-18, Available at SSRN: https://ssrn.com/abstract=1081922

Ioannis Theodossiou

University of Aberdeen - Business School ( email )

Edward Wright Building
Dunbar Street
Aberdeen, Scotland AB24 3QY
United Kingdom

Athina Economou (Contact Author)

University of Macedonia - Department of Economics ( email )

Thessaloniki, 54006
Greece

Agelike Nikolaou

University of Macedonia - Department of Economics ( email )

Thessaloniki, 54006
Greece

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