Do wealth shocks affect health? New evidence from the housing boom

Fichera, Eleonora and Gathergood, John (2016) Do wealth shocks affect health? New evidence from the housing boom. Health Economics . ISSN 1057-9230 (In Press)

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We exploit wealth shocks arising from housing wealth gains to examine the relationship between wealth and health. In UK household panel data positive housing wealth gains lower the likelihood of home owners exhibiting a range of non-chronic health conditions with no effect on renters. For owners housing wealth gains change health behaviours: increasing use of private health care, reducing hours of work (especially for women) and increasing time dedicated to exercise. Housing wealth gains, unlike income gains, do not increase risky health behaviours such as smoking and drinking. Furthermore, house prices highly pro-cyclical. The positive health effects of housing wealth gains on home owner health over the business cycle offset the negative health effects of labour market conditions and work intensity.

Item Type: Article
Additional Information: This is the peer reviewed version of the following article: [FULL CITE], which has been published in final form at [Link to final article using the DOI]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Schools/Departments: University of Nottingham UK Campus > Faculty of Social Sciences > School of Economics
Depositing User: Gathergood, John
Date Deposited: 06 Sep 2016 10:21
Last Modified: 18 Sep 2016 15:02

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