2018
DOI: 10.1016/j.ssmph.2018.09.006
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Economic insecurity: A socioeconomic determinant of mental health

Abstract: Economic insecurity is an emerging topic that is increasingly relevant to the labour markets of developed economies. This paper uses data from the British Household Panel Survey to assess the causal effect of various aspects of economic insecurity on mental health in the UK. The results support the idea that economic insecurity is an emerging socioeconomic determinant of mental health, although the size of the effect varies across measures of insecurity. In particular, perceived future risks are more damaging … Show more

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Cited by 63 publications
(79 citation statements)
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“…The stress of financial insecurity is a well-established risk factor for psychiatric morbidity [5][6][7]. Sources of this stress include actual financial insecurity (e.g., unemployment, insufficient income to meet needs) as well as the perceived threat of financial insecurity (e.g., fear of job loss), with some evidence suggesting that the latter is more detrimental [6]. Furthermore, higher levels of income inequality within a society are associated with poorer population mental health, particularly among low-income segments of the population [5,7].…”
Section: Stress Resulting From Covid-19-related Financial Insecuritymentioning
confidence: 99%
“…The stress of financial insecurity is a well-established risk factor for psychiatric morbidity [5][6][7]. Sources of this stress include actual financial insecurity (e.g., unemployment, insufficient income to meet needs) as well as the perceived threat of financial insecurity (e.g., fear of job loss), with some evidence suggesting that the latter is more detrimental [6]. Furthermore, higher levels of income inequality within a society are associated with poorer population mental health, particularly among low-income segments of the population [5,7].…”
Section: Stress Resulting From Covid-19-related Financial Insecuritymentioning
confidence: 99%
“…It is commonplace in the existing literature to find that low income, debt and financial insecurity among adults reduce their subjective wellbeing. Some examples are Clark, D'Ambrosio, and Ghislandi (2016) regarding poverty, Brown, Taylor, and Wheatley‐Price (2005) and Gathergood (2012) for debt, Kopasker, Montagna, and Bender (2018) with respect to insecurity, and Deaton (2012) and Wahlbeck and McDaid (2012) for financial crises. We do indeed find a correlation in ALSPAC data between mother's mental health and both MFP and income.…”
Section: Resultsmentioning
confidence: 99%
“…Although the deaths of a loved one have the greatest psychological pressure, rise in essential goods prices were the most frequent source of stress. Economic insecurity is one of the determinants of mental health and is highly relevant to the labor market (27). These problems increase when some jobs are lost or incomes are greatly reduced (28).…”
Section: Discussionmentioning
confidence: 99%