Do wealth shocks affect health? New evidence from the housing boom
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 hou...
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| Format: | Article |
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Wiley
2016
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| Online Access: | https://eprints.nottingham.ac.uk/38733/ |
| _version_ | 1848795677783490560 |
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| author | Fichera, Eleonora Gathergood, John |
| author_facet | Fichera, Eleonora Gathergood, John |
| author_sort | Fichera, Eleonora |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T19:35:54Z |
| format | Article |
| id | nottingham-38733 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:35:54Z |
| publishDate | 2016 |
| publisher | Wiley |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-387332020-05-04T18:21:50Z https://eprints.nottingham.ac.uk/38733/ Do wealth shocks affect health? New evidence from the housing boom Fichera, Eleonora Gathergood, John 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. Wiley 2016-11-09 Article PeerReviewed Fichera, Eleonora and Gathergood, John (2016) Do wealth shocks affect health? New evidence from the housing boom. Health Economics, 25 (S2). pp. 57-69. ISSN 1099-1050 health; wealth; housing wealth; house prices http://onlinelibrary.wiley.com/doi/10.1002/hec.3431/abstract;jsessionid=1E4F48EBEF5FA07B31E49631A9FE4979.f02t03 doi:10.1002/hec.3431 doi:10.1002/hec.3431 |
| spellingShingle | health; wealth; housing wealth; house prices Fichera, Eleonora Gathergood, John Do wealth shocks affect health? New evidence from the housing boom |
| title | Do wealth shocks affect health? New evidence from the housing boom |
| title_full | Do wealth shocks affect health? New evidence from the housing boom |
| title_fullStr | Do wealth shocks affect health? New evidence from the housing boom |
| title_full_unstemmed | Do wealth shocks affect health? New evidence from the housing boom |
| title_short | Do wealth shocks affect health? New evidence from the housing boom |
| title_sort | do wealth shocks affect health? new evidence from the housing boom |
| topic | health; wealth; housing wealth; house prices |
| url | https://eprints.nottingham.ac.uk/38733/ https://eprints.nottingham.ac.uk/38733/ https://eprints.nottingham.ac.uk/38733/ |