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Economic Crises and Mortality Among the Elderly. Evidence from Two Russian Crises

Author

Listed:
  • Evgeny Yakovlev

    (New Economic School)

  • Margarita Khvan

    (New Economic School)

  • Elizaveta Smorodenkova

    (New Economic School)

Abstract

We assess the short-term effects of the two recent economic crises, the Great Recession and the collapse of the USSR, on the elderly mortality in Russia. According to our study, crises have led to an increase in mortality with quantitatively similar elasticities of death with respect to GDP fall for both events. Further analysis of the Great Recession suggests that income depreciation, limited access to medical services, and an increase in alcohol consumption are responsible for the rise in mortality. While increases at a higher rate compared to overall mortality, alcohol-related mortality explains a relatively small part of total mortality rise.

Suggested Citation

  • Evgeny Yakovlev & Margarita Khvan & Elizaveta Smorodenkova, 2020. "Economic Crises and Mortality Among the Elderly. Evidence from Two Russian Crises," Working Papers w0266, New Economic School (NES).
    • Handle: RePEc:abo:neswpt:w0266
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    References listed on IDEAS

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    More about this item

    Keywords

    Mortality; health; crisis; RUSSIA; Great Recession;
    All these keywords.

    JEL classification:

    • H1 - Public Economics - - Structure and Scope of Government
    • I1 - Health, Education, and Welfare - - Health
    • J1 - Labor and Demographic Economics - - Demographic Economics

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