2026-04-17T07:41:47Zhttps://recercat.cat/oai/request

oai:recercat.cat:10256/185162024-06-18T11:13:04Zcom_2072_452955com_2072_2054col_2072_452964

00925njm 22002777a 4500 dc López i Casasnovas, Guillem author Sáez Zafra, Marc author 2020-09-25 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 effects 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 differently affected 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. This work was partly funded by the project ‘ECO2017-88609-R’ of the European Regional Development Fund (FEDER) and the project ‘ECO2012-47496’ of the Agencia Estatal de Investigación (AEI) and by an unrestricted grant from Obra Social ‘La Caixa http://hdl.handle.net/10256/18516 Recessions econòmiques Recessions Salut Health Riquesa Wealth Crisi financera global, 2007-2009 -- Aspectes sanitaris Global Financial Crisis, 2008-2009 -- Health aspects Saved by wealth? Income, wealth, and self-perceived health in Spain during the financial crisis