Health Status and the Great Recession. Evidence from Electronic Health Records

38 Pages Posted: 23 Mar 2018 Last revised: 17 Dec 2020

See all articles by Federico Belotti

Federico Belotti

University of Rome Tor Vergata - Department of Economics and Finance; University of Rome, Tor Vergata - Centre for Economics and International Studies (CEIS)

Joanna Kopinska

University of Rome Tor Vergata - Faculty of Economics; University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS)

Alessandro Palma

Gran Sasso Science Institute; University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS); DISAE - Department of Business and Economics

Andrea Piano Mortari

Department of Economics and Finance, University of Rome Tor Vergata; CEIS Tor Vergata

Date Written: February 20, 2018

Abstract

We investigate the health impacts of unemployment during the Great Recession and are the first to focus on incidence of chronic diseases in a unique individual-level longitudinal database of Electronic Health Records. We exploit the exogenous shock in the economic conditions occurred in 2008 in Italy to estimate heterogenous effects of unemployment in an individual fixed effects model. Our results document that economic downturns have a long-lasting effect on the incidence of cardiovascular diseases and a temporary effect on depression. The effects increase with age and are stronger right before retirement age. Women are disproportionally affected by cardiovascular diseases, while men are disproportionately affected by depression. An important recommendation emerging from this study is that policy makers should bear in mind that prolonged economic downturns constitute an additional external risk for individual health and not a temporary benefit.

Keywords: health status, unemployment, economic crisis, Great Recession

JEL Classification: I10, E32, J20, Q53

Suggested Citation

Belotti, Federico and Kopinska, Joanna and Palma, Alessandro and Piano Mortari, Andrea, Health Status and the Great Recession. Evidence from Electronic Health Records (February 20, 2018). CEIS Woorking Paper No. 425, Available at SSRN: https://ssrn.com/abstract=3133063 or http://dx.doi.org/10.2139/ssrn.3133063

Federico Belotti

University of Rome Tor Vergata - Department of Economics and Finance

Via Columbia 2
Rome, RM 00133
Italy

University of Rome, Tor Vergata - Centre for Economics and International Studies (CEIS) ( email )

Via Columbia, 2
Rome, RM 00133
Italy

Joanna Kopinska

University of Rome Tor Vergata - Faculty of Economics ( email )

Via Columbia n.2
Rome, rome 00100
Italy

University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS) ( email )

Via Columbia, 2
Rome
Italy

Alessandro Palma (Contact Author)

Gran Sasso Science Institute ( email )

viale Francesco Crispi, 7
L'Aquila, 67100
Italy

University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS) ( email )

Via Columbia, 2
Rome, I-00133
Italy

DISAE - Department of Business and Economics ( email )

Italy

HOME PAGE: http://https://sites.google.com/view/alessandropalma/home

Andrea Piano Mortari

Department of Economics and Finance, University of Rome Tor Vergata ( email )

Via columbia 2
Rome, Rome 00123
Italy

CEIS Tor Vergata ( email )

via Columbia, 2
Rome, rome 00133
Italy

HOME PAGE: http://www.ceistorvergata.it/area.asp?a=539&oc=817&d=1128

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