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How Do Relative Concerns Affect Mental Health among Elderly Japanese?

Author

Listed:
  • Yumi Ishikawa

    (Research Institute for Economics and Business Administration, Kobe University, JAPAN)

Abstract

It is well-known today that mental health is affected not only by absolute income but also by income relative to others. This study investigates the association between relative income and mental health using individual panel data from the National Survey of the Japanese Elderly. The results reveal that relative income affects mental health among Japanese early elderly females: Mental health deteriorates when the income of surrounding people increases. This effect remains even after controlling for unobserved time-invariant factors and observed socioeconomic and sociodemographic factors.

Suggested Citation

  • Yumi Ishikawa, 2024. "How Do Relative Concerns Affect Mental Health among Elderly Japanese?," Discussion Paper Series DP2024-10, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:dp2024-10
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    More about this item

    Keywords

    Mental health; Relative income; Aging; The National Survey of the Japanese Elderly;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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