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The Economic Crisis and Medical Care Usage

Author

Listed:
  • Annamaria Lusardi

    (Department of Economics, Dartmouth College)

  • Daniel Schneider

    (Department of Sociology and Office of Population Research, Princeton University,)

  • Peter Tufano

Abstract

We use a unique, nationally representative cross-national dataset to document the reduction in individuals' usage of routine non-emergency medical care in the midst of the economic crisis. A substantially larger fraction of Americans have reduced medical care than have individuals in Great Britain, Canada, France, and Germany, all countries with universal health care systems. At the national level, reductions in medical care are related to the degree to which individuals must pay for it, and within countries are strongly associated with exogenous shocks to wealth and employment.

Suggested Citation

  • Annamaria Lusardi & Daniel Schneider & Peter Tufano, 2010. "The Economic Crisis and Medical Care Usage," Harvard Business School Working Papers 10-079, Harvard Business School.
    • Handle: RePEc:hbs:wpaper:10-079
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The Economic Crisis and Medical Care Usage
      by Ariel Goldring in Free Market Mojo on 2010-05-12 16:56:38

    Citations

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    Cited by:

    1. Annamaria Lusardi & Daniel Schneider & Peter Tufano, 2011. "Financially Fragile Households: Evidence and Implications," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 42(1 (Spring), pages 83-150.
    2. Janet Currie & Erdal Tekin, 2015. "Is There a Link between Foreclosure and Health?," American Economic Journal: Economic Policy, American Economic Association, vol. 7(1), pages 63-94, February.
    3. McInerney, Melissa & Mellor, Jennifer M., 2012. "Recessions and seniors’ health, health behaviors, and healthcare use: Analysis of the Medicare Current Beneficiary Survey," Journal of Health Economics, Elsevier, vol. 31(5), pages 744-751.
    4. French, Declan & Vigne, Samuel, 2019. "The causes and consequences of household financial strain: A systematic review," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 150-156.
    5. Boen, Courtney & Yang, Y. Claire, 2016. "The physiological impacts of wealth shocks in late life: Evidence from the Great Recession," Social Science & Medicine, Elsevier, vol. 150(C), pages 221-230.
    6. Gibson-Davis, Christina & Boen, Courtney E. & Keister, Lisa A. & Lowell, Warren, 2023. "Net worth poverty and adult health," Social Science & Medicine, Elsevier, vol. 318(C).
    7. Germán M. Izón & Chelsea A. Pardini, 2017. "Cost inefficiency under financial strain: a stochastic frontier analysis of hospitals in Washington State through the Great Recession," Health Care Management Science, Springer, vol. 20(2), pages 232-245, June.
    8. Ernst-Jan Bruijn & Gerrit Antonides, 2022. "Poverty and economic decision making: a review of scarcity theory," Theory and Decision, Springer, vol. 92(1), pages 5-37, February.
    9. Atalay, Kadir & Bakhtiar, Fayzan & Cheung, Stephen & Slonim, Robert, 2014. "Savings and prize-linked savings accounts," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PA), pages 86-106.
    10. Dino Rizzi & Carlo Simionato & Francesca Zantomio, 2019. "Older People Health and Access to Healthcare: A Retrospective Look at Inequality Dynamics over the Past Decade," Politica economica, Società editrice il Mulino, issue 3, pages 335-366.
    11. Erdal Tekin & Chandler McClellan & Karen Jean Minyard, 2013. "Health and Health Behaviors during the Worst of Times," NBER Working Papers 19234, National Bureau of Economic Research, Inc.
    12. Okeke, Edward N., 2013. "Brain drain: Do economic conditions “push” doctors out of developing countries?," Social Science & Medicine, Elsevier, vol. 98(C), pages 169-178.
    13. Lin, Haizhen & Ketcham, Jonathan D. & Rosenquist, James N. & Simon, Kosali I., 2013. "Financial distress and use of mental health care: Evidence from antidepressant prescription claims," Economics Letters, Elsevier, vol. 121(3), pages 449-453.
    14. Adriana AnaMaria Davidescu & Simona-Andreea Apostu & Aurel Marin, 2021. "Forecasting the Romanian Unemployment Rate in Time of Health Crisis—A Univariate vs. Multivariate Time Series Approach," IJERPH, MDPI, vol. 18(21), pages 1-31, October.
    15. Tekin, Erdal & McClellan, Chandler & Minyard, Karen Jean, 2013. "Health and Health Behaviors during the Worst of Times: Evidence from the Great Recession," IZA Discussion Papers 7538, Institute of Labor Economics (IZA).
    16. Sarah A. Burgard & Jennifer A. Ailshire & Lucie Kalousova, 2013. "The Great Recession and Health," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 194-213, November.
    17. Rechel, Boika & Suhrcke, Marc & Tsolova, Svetla & Suk, Jonathan E. & Desai, Monica & McKee, Martin & Stuckler, David & Abubakar, Ibrahim & Hunter, Paul & Senek, Michaela & Semenza, Jan C., 2011. "Economic crisis and communicable disease control in Europe: A scoping study among national experts," Health Policy, Elsevier, vol. 103(2), pages 168-175.
    18. Johanna Catherine Maclean & Jonathan H. Cantor & Rosalie Liccardo Pacula, 2015. "Economic downturns and substance abuse treatment: Evidence from admissions data," DETU Working Papers 1504, Department of Economics, Temple University.
    19. Amitabh Chandra & Jonathan Holmes & Jonathan Skinner, 2013. "Is This Time Different? The Slowdown in Healthcare Spending," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(2 (Fall)), pages 261-323.
    20. Yilmazer, Tansel & Babiarz, Patryk & Liu, Fen, 2015. "The impact of diminished housing wealth on health in the United States: Evidence from the Great Recession," Social Science & Medicine, Elsevier, vol. 130(C), pages 234-241.

    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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