“…For example, van den Berg and colleagues (2006,2008,2009) find that macroeconomic conditions predict cohort's later mortality so that being born in a recession increases later mortality, at least among the 19 th and early 20 th century Danish and Dutch cohorts which were the subjects of these studies. Cutler et al (Cutler, Miller and Norton 2007), however, who focus on the effect of the 1930s great depression, do not find any health effects for later life. It may be that the link between macroeconomic conditions early in life and later health and mortality are not as strong in the 20 th century (and 21 st century) as they were historically.…”