Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89906
Authors: 
Barrett, Alan
O'Sullivan, Vincent
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7832
Abstract: 
The economic crisis of 2008/9 was felt more acutely in Ireland relative to elsewhere and culminated in the international bailout in 2010. Given the economic collapse, Ireland provides an ideal case-study of the link between wealth collapses and movements in variables such as health and well-being. Using nationally-representative samples of older people collected before and during the crisis, we show that mean net assets fell by 45 percent between 2006/7 and 2012/13. In spite of this massive fall in wealth, measures of health and well-being remained broadly unchanged. However, expectations about future living standards became less optimistic. The results tend to support the findings of other recent studies that recessions do not have widespread negative effects on health and well-being.
Subjects: 
recession
wealth
health
wellbeing
JEL: 
D31
J14
Document Type: 
Working Paper

Files in This Item:
File
Size
162.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.