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Association of Income and Wealth with Self-reported Health Status: Analysis of European Countries during the Financial Crisis

Author

Listed:
  • Laia Maynou

    (Universitat de Barcelona, Universitat Pompeu Fabra and London School of Economics and Political Science)

  • Marc Saez

    (University of Girona, CIBER of Epidemiology and Public Health (CIBERESP) and Universitat Pompeu Fabra)

  • Guillem López-Casasnovas

    (Universitat Pompeu Fabra)

Abstract

In this paper, we evaluate the association of changes in income and wealth with self-perceived health for the European Union (EU) countries, using a longitudinal sample of individuals. We estimated generalized linear mixed models for three waves of the Eurosystem Household Finance and Consumption Survey (2011, 2015, 2017), adjusting for family and individual heterogeneity and for temporal trends. Results show that variations in income have a positive and significant impact on changes in self-perceived health during the financial crisis, but not after 2015. In conclusion, we find that income, rather than wealth, played an important role in protecting health.

Suggested Citation

  • Laia Maynou & Marc Saez & Guillem López-Casasnovas, 2024. "Association of Income and Wealth with Self-reported Health Status: Analysis of European Countries during the Financial Crisis," Hacienda Pública Española / Review of Public Economics, IEF, vol. 249(2), pages 181-210, June.
    • Handle: RePEc:hpe:journl:y:2024:v:249:i:2:p:181-210.
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Self-perceived health; Wealth; Asset composition; European Union.;
    All these keywords.

    JEL classification:

    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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