Do More of Those in Misery Suffer from Poverty, Unemployment or Mental Illness?

15 Pages Posted: 22 Jan 2017

See all articles by Sarah Flèche

Sarah Flèche

London School of Economics & Political Science (LSE) - London School of Economics

Richard Layard

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)

Date Written: February 2017

Abstract

Studies of deprivation usually ignore mental illness. This paper uses household panel data from the USA, Australia, Britain and Germany to broaden the analysis. We ask first how many of those in the lowest levels of life‐satisfaction suffer from unemployment, poverty, physical ill health, and mental illness. The largest proportion suffers from mental illness. Multiple regression shows that mental illness is not highly correlated with poverty or unemployment, and that it contributes more to explaining the presence of misery than is explained by either poverty or unemployment. This holds both with and without fixed effects.

Suggested Citation

Flèche, Sarah and Layard, Richard, Do More of Those in Misery Suffer from Poverty, Unemployment or Mental Illness? (February 2017). Kyklos, Vol. 70, Issue 1, pp. 27-41, 2017. Available at SSRN: https://ssrn.com/abstract=2903306 or http://dx.doi.org/10.1111/kykl.12129

Sarah Flèche (Contact Author)

London School of Economics & Political Science (LSE) - London School of Economics ( email )

Richard Layard

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

Houghton Street
London WC2A 2AE
United Kingdom

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