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Unemployment, global economic crises and suicides: evidence from 21 OECD countries

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  • Sanna Huikari
  • Marko Korhonen

Abstract

This study explores age- and gender-specific suicide mortality due to unemployment and economic crises, for 21 OECD countries over the period 1960 to 2011. The findings indicate that a higher unemployment rate leads to an increase in suicides in almost all age groups. Further, using dataset on economic/financial crisis events, results show that, in general, these crises increase suicide rates. However, the evidence also shows that economic crises have no effect on those in the 45 to 64 years age group in terms of suicides. Further, we assessed whether suicide mortality can be attributed to a ‘crisis effect’ beyond that of unemployment. For males, we found a significant joint effect between crises and unemployment. Finally, we investigated the possible nonlinear threshold response of suicides to unemployment. We found that suicides among young males (

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  • Sanna Huikari & Marko Korhonen, 2021. "Unemployment, global economic crises and suicides: evidence from 21 OECD countries," Applied Economics, Taylor & Francis Journals, vol. 53(13), pages 1540-1550, March.
    • Handle: RePEc:taf:applec:v:53:y:2021:i:13:p:1540-1550
    DOI: 10.1080/00036846.2020.1838430
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    Cited by:

    1. Gerardo Ruiz Sánchez, 2022. "COVID-19 and suicides in the United States: an early empirical assessment," SN Business & Economics, Springer, vol. 2(7), pages 1-11, July.
    2. Michihito Ando & Masato Furuichi, 2022. "The association of COVID-19 employment shocks with suicide and safety net use: An early-stage investigation," PLOS ONE, Public Library of Science, vol. 17(3), pages 1-26, March.
    3. Maša Soric & Petar Soric & Oscar Claveria, 2023. "“Economic uncertainty and suicide mortality in postpandemic England”," AQR Working Papers 202310, University of Barcelona, Regional Quantitative Analysis Group, revised Dec 2023.

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