Welcome to the UPF Digital Repository

Saved by wealth? Income, wealth, and self-perceived health in Spain during the financial crisis

Show simple item record

dc.contributor.author López i Casasnovas, Guillem
dc.contributor.author Saez, Marc
dc.date.accessioned 2020-12-02T11:22:41Z
dc.date.available 2020-12-02T11:22:41Z
dc.date.issued 2020
dc.identifier.citation López-Casasnovas G, Saez M. Saved by wealth? Income, wealth, and self-perceived health in Spain during the financial crisis. Int. J. Environ. Res. Public Health. 2019;17(19):7018. DOI: 10.3390/ijerph17197018
dc.identifier.issn 1661-7827
dc.identifier.uri http://hdl.handle.net/10230/45937
dc.description.abstract We evaluate the association between the variations in income and wealth, (both aggregate and split between real estate and financial wealth), and self-perceived health in Spain using a longitudinal sample of individuals before and after the financial crisis. We estimated generalized linear mixed models, with a binomial response and a logistic link, for four waves of the Spanish Survey of Household Finances (two before and two after the crisis), adjusting for variables at the family and individual levels. We also controlled for familial and individual heterogeneity and for temporal trends. While an increase in wealth greatly increases the probability of younger individuals reporting better health, this is not the case for older individuals. Decreases in gross wealth are associated with decreases in the probability of declaring good/very good health only in families whose reference person is over 44 years old. We conclude that: (i) not just income but net wealth e ects impact on the consequences of income fluctuations on consumption and health assessed, (ii) the composition of individuals’ net wealth may also matter, since they are di erently a ected by the shocks in the economic crisis, (iii) age plays a significant role and, finally, (iv) individual reactions in terms of consumption and savings, given any level of income and wealth, according to the risk aversions for precautionary idiosyncratic motives, may also need to be considered in order to complete the picture.
dc.description.sponsorship This study was carried out within the ‘Cohort-Real World Data’ subprogram of CIBER of Epidemiology and Public Health (CIBERESP).
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher MDPI
dc.relation.ispartof International journal of environmental research and public health. 2019;17(19):7018.
dc.rights © 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.title Saved by wealth? Income, wealth, and self-perceived health in Spain during the financial crisis
dc.type info:eu-repo/semantics/article
dc.identifier.doi http://dx.doi.org/10.3390/ijerph17197018
dc.subject.keyword Self-assessed health
dc.subject.keyword Wealth
dc.subject.keyword Wealth composition
dc.rights.accessRights info:eu-repo/semantics/openAccess
dc.type.version info:eu-repo/semantics/publishedVersion


This item appears in the following Collection(s)

Show simple item record

Search DSpace

Advanced Search


My Account


Compliant to Partaking