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Household Income, Pandemic-Related Income Loss, and the Probability of Anxiety and Depression

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  • Julio Huato

    (St. Francis College)

  • Aida Chavez

    (John Jay College of Criminal Justice (CUNY))

Abstract

We use data from the Household Pulse Survey that the US Census Bureau conducted from April 2020 to February 2021 to estimate the probability of symptoms of anxiety and depression among adult Americans. Lack of viable instruments prevent ruling out exogeneity, but the magnitude and strength of association between mental disease and, both, 2019 household income and pandemic-related employment income loss warrant serious attention. Our results stress the importance of policy support to the socially vulnerable in an economic emergency, including cash transfers such as those offered by the 2020 CARES Act or the 2021 America Rescue Plan.

Suggested Citation

  • Julio Huato & Aida Chavez, 2021. "Household Income, Pandemic-Related Income Loss, and the Probability of Anxiety and Depression," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(4), pages 546-570, October.
    • Handle: RePEc:pal:easeco:v:47:y:2021:i:4:d:10.1057_s41302-021-00199-3
    DOI: 10.1057/s41302-021-00199-3
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    References listed on IDEAS

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    Cited by:

    1. Kusum Mundra & Ruth Uwaifo Oyelere, 2024. "In Need of a Roof: Pandemic and Housing Vulnerability," Journal of Economics, Race, and Policy, Springer, vol. 7(1), pages 27-44, March.
    2. Alexandre Olbrecht, 2021. "Human Suffering and Natural Experiments: How Empirical Economics can unmask the devastation of Covid-19," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(4), pages 461-463, October.
    3. Zachary Parolin & Emma K. Lee, 2022. "Economic Precarity among Single Parents in the United States during the COVID-19 Pandemic," The ANNALS of the American Academy of Political and Social Science, , vol. 702(1), pages 206-223, July.
    4. Jessica Carrick-Hagenbarth & Eric Edlund & Avanti Mukherjee, 2023. "Analysis of Hybrid Epidemiological-Economic Models of COVID-19 Mitigation Policies," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(4), pages 585-612, October.

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    More about this item

    Keywords

    Covid 19; Pandemic; Income; Anxiety; Depression;
    All these keywords.

    JEL classification:

    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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