Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The wealth, health and wellbeing of Ireland's older people before and during the economic crisis
AU - Barrett, Alan
AU - O'Sullivan, Vincent
PY - 2014
Y1 - 2014
N2 - The economic crisis of 2008/9 was felt more acutely in Ireland relative to most other countries 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% 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.
AB - The economic crisis of 2008/9 was felt more acutely in Ireland relative to most other countries 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% 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.
KW - recession
KW - wealth
KW - health
KW - well-being
U2 - 10.1080/13504851.2014.884687
DO - 10.1080/13504851.2014.884687
M3 - Journal article
VL - 21
SP - 675
EP - 678
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
IS - 10
ER -