What happens to health during recessions?
Matthew Martin 10/21/2014 01:26:00 PM
But here's a third article in American Journal of Public Health finding that becoming unemployed significantly increases an individual's mortality risk during recessions but slightly decreases their risk during expansions! So we have a compositional puzzle on our hands:
- Employment decreases during recessions, and
- Aggregate mortality decreases during recessions, but
- loosing employment increases individual mortality risk