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Effects of Savings on Depressive Symptoms Among Homeless People in Korea: Using Propensity Score Matching

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  • Jungtae Choi
  • Chang-Keun Han
  • Sion Kang

Abstract

Researchers have found that the accumulation of assets through savings may serve a vital function in enhancing mental health and well-being. However, the question of how the status of savings affects the level of depressive symptoms in homeless persons remains largely unexplored. This study examines the relationship between savings and depressive symptoms in homeless individuals by utilizing the 2016 National Survey on Homeless People. We employed propensity score matching to reduce selection bias and multivariate logistic regression to probe the effects of savings on depressive symptoms. We found that after taking into account the covariates, a lower level of savings was associated with a higher level of depressive symptoms. Our findings imply that an asset-based policy orientated toward those facing homelessness could have a significant effect on reducing depressive symptoms.

Suggested Citation

  • Jungtae Choi & Chang-Keun Han & Sion Kang, 2024. "Effects of Savings on Depressive Symptoms Among Homeless People in Korea: Using Propensity Score Matching," SAGE Open, , vol. 14(3), pages 21582440241, September.
    • Handle: RePEc:sae:sagope:v:14:y:2024:i:3:p:21582440241284560
    DOI: 10.1177/21582440241284560
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    References listed on IDEAS

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    2. Ssewamala, F.M. & Han, C.-K. & Neilands, T.B. & Ismayilova, L. & Sperber, E., 2010. "Effect of economic assets on sexual risk-taking intentions among orphaned adolescents in Uganda," American Journal of Public Health, American Public Health Association, vol. 100(3), pages 483-488.
    3. Beverly, Sondra G. & Sherraden, Michael, 1999. "Institutional determinants of saving: implications for low-income households and public policy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(4), pages 457-473.
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