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首页> 外文期刊>Journal of health economics >Recession depression: Mental health effects of the 2008 stock market crash
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Recession depression: Mental health effects of the 2008 stock market crash

机译：经济衰退萧条：2008年股市崩盘对心理健康的影响

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摘要

Do sudden, large wealth losses affect mental health? We use exogenous variation in the interview dates of the 2008 Health and Retirement Study to assess the impact of large wealth losses on mental health among older U.S. adults. We compare cross-wave changes in wealth and mental health for respondents interviewed before and after the October 2008 stock market crash. We find that the crash reduced wealth and increased feelings of depression and use of antidepressant drugs, and that these effects were largest among respondents with high levels of stock holdings prior to the crash. These results suggest that sudden wealth losses cause immediate declines in subjective measures of mental health. However, we find no evidence that wealth losses lead to increases in clinically-validated measures of depressive symptoms or indicators of depression.
机译：突然的大量财富损失会影响心理健康吗？我们在2008年《健康与退休研究》的访谈日期中使用外生差异来评估美国老年人损失大量财富对心理健康的影响。我们比较了2008年10月股市崩盘前后受访者在财富和心理健康方面的横波变化。我们发现，股市崩盘减少了财富，增加了人们对抑郁和使用抗抑郁药的感觉，并且在股市崩盘之前拥有大量股票的受访者中，这些影响最大。这些结果表明，突然的财富损失会导致心理健康的主观衡量指标立即下降。但是，我们没有发现证据表明财富损失会导致临床上有效的抑郁症状或抑郁指标的增加。

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