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Association of income and wealth with self-reported health status: analysis of European countries during the financial crisis

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  • Maynou, Laia
  • Saez, Marc
  • López-Casasnovas, Guillem

Abstract

In this paper, we evaluate the association of changes in income and wealth with self-perceived health for the European Union (EU) countries, using a longitudinal sample of individuals. We estimated generalized linear mixed models for three waves of the Eurosystem Household Finance and Consumption Survey (2011, 2015, 2017), adjusting for family and individual heterogeneity and for temporal trends. Results show that variations in income have a positive and significant impact on changes in self-perceived health during the financial crisis, but not after 2015. In conclusion, we find that income, rather than wealth, played an important role in protecting health.

Suggested Citation

  • Maynou, Laia & Saez, Marc & López-Casasnovas, Guillem, 2024. "Association of income and wealth with self-reported health status: analysis of European countries during the financial crisis," LSE Research Online Documents on Economics 124212, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:124212
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    More about this item

    Keywords

    asset composition; European Union; self-perceived health; wealth;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G00 - Financial Economics - - General - - - General

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