Do more of those in misery suffer from poverty, unemployment or mental illness?

Flèche, Sarah and Layard, Richard (2015) Do more of those in misery suffer from poverty, unemployment or mental illness? CEP Discussion Papers, CEPDP1356. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

Studies of deprivation usually ignore mental illness. This paper uses household panel data from the USA, Australia, Britain and Germany to broaden the analysis. We ask first how many of those in the lowest levels of life-satisfaction suffer from unemployment, poverty, physical ill health, and mental illness. The largest proportion suffer from mental illness. Multiple regression shows that mental illness is not highly correlated with poverty or unemployment, and that it contributes more to explaining the presence of misery than is explained by either poverty or unemployment. This holds both with and without fixed effects.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information:	©2015 The Authors
Library of Congress subject classification:	H Social Sciences > HN Social history and conditions. Social problems. Social reform H Social Sciences > HV Social pathology. Social and public welfare. Criminology R Medicine > RA Public aspects of medicine
Journal of Economic Literature Classification System:	I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness I - Health, Education, and Welfare > I3 - Welfare and Poverty > I32 - Measurement and Analysis of Poverty
Sets:	Departments > Economics Research centres and groups > Centre for Economic Performance (CEP)
Identification Number:	CEPDP1356
Funders:	Economic and Social Research Council, US National Institute on Aging
Projects:	R01AG040640
Date Deposited:	30 Jun 2015 16:45
URL:	http://eprints.lse.ac.uk/62589/

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