IDEAS home Printed from https://ideas.repec.org/a/kap/ijhcfe/v16y2016i1p89-102.html
   My bibliography  Save this article

Local house prices and mental health

Author

Listed:
  • Nayan Joshi

Abstract

This paper examines the impact of local (county-level) house prices on individual self-reported mental health using individual level data from the United States Behavioral Risk Factor Surveillance System between 2005 and 2011. Exploiting a fixed-effects model that relies on within-county variations, relative to the corresponding changes in other counties, I find that while individuals are likely to experience worse self-reported mental health when local house prices decline, this association is most pronounced for individuals who are least likely to be homeowners. This finding is not consistent with a prediction from a pure wealth mechanism but rather with the hypothesis that house prices act as an economic barometer. I also demonstrate that the association between self-reported mental health and local house prices is not driven by unemployment or foreclosure. The primary result—that lower local house prices have adverse impact on self-reported mental health of homeowners and renters—is consistent with studies using data from the United Kingdom. Copyright Springer Science+Business Media New York 2016

Suggested Citation

  • Nayan Joshi, 2016. "Local house prices and mental health," International Journal of Health Economics and Management, Springer, vol. 16(1), pages 89-102, March.
    • Handle: RePEc:kap:ijhcfe:v:16:y:2016:i:1:p:89-102
    DOI: 10.1007/s10754-015-9177-x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10754-015-9177-x
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10754-015-9177-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jaesang Sung & Qihua Qiu, 2020. "The Impact of Housing Prices on Health in the United States Before, During, and After the Great Recession," Southern Economic Journal, John Wiley & Sons, vol. 86(3), pages 910-940, January.
    2. Sung, Jaesang, 2017. "The Impact of Housing Prices on Health in U.S. Before, During and After the Great Recession," MPRA Paper 78831, University Library of Munich, Germany.
    3. Matthew Lang & T. Clay McManus & Georg Schaur, 2019. "The effects of import competition on health in the local economy," Health Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 44-56, January.
    4. Ye Zhu & Weiyu Cao & Xin Li & Ran Liu, 2022. "The Role of Housing Tenure Opportunities in the Social Integration of the Aging Pre-1970 Migrants in Beijing," IJERPH, MDPI, vol. 19(12), pages 1-23, June.

    More about this item

    Keywords

    Wealth; Mental health; House prices; Fixed effects model; D12; I0;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • I0 - Health, Education, and Welfare - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:ijhcfe:v:16:y:2016:i:1:p:89-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.