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Association of Income and Wealth with Self-reported Health Status: Analysis of European Countries during the Financial Crisis
[journal article]
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 Su... view more
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.... view less
Keywords
income; assets; health; self-assessment; standard of living; social status; longitudinal study; financial crisis; EU
Classification
Health Policy
Free Keywords
Self-perceived health; Wealth; Asset composition; EU-SILC 2011; EU-SILC 2015; EU-SILC 2017
Document language
English
Publication Year
2024
Page/Pages
p. 181-210
Journal
Hacienda Pública Española/Review of Public Economics (2024) 249 (2)
DOI
https://doi.org/10.7866/HPE-RPE.24.2.7
ISSN
2386-4176
Status
Published Version; peer reviewed