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Local house prices and mental health

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  • 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
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    Citations

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    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. 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.
    4. 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.

    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

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