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An econometric analysis of the mental-health effects of major events in the life of older individuals

✍ Scribed by Maarten Lindeboom; France Portrait; Gerard J. van den Berg

Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
174 KB
Volume
11
Category
Article
ISSN
1057-9230

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✦ Synopsis

Abstract

Major events in the life of an older individual, such as retirement, a significant decrease in income, death of the spouse, disability, and a move to a nursing home, may affect the mental‐health status of the individual. For example, the individual may enter a prolonged depression. We investigate this using unique longitudinal panel data that track labor market behavior, health status, and major life events, over time. To deal with endogenous aspects of these events we apply fixed effects estimation methods. We find some strikingly large effects of certain events on the occurrence of depression. We relate the results to the health care and labor market policy towards older individuals. Copyright Β© 2002 John Wiley & Sons, Ltd.

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