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E2a Income Shock and Mental Health Among Older Adults: Evidence From COVID-19
Key Words
Mental Health, COVID-19, Older Adults, Health and Retirement Study
Short Description
Understanding mental health burden of COVID-19 has become a public health research priority and has received greater attention among health researchers, experts, and policy makers. Using the Health and Retirement Study (HRS), this study assesses the effect of income shock on mental health deterioration of Older Americans who are between 50 and 74 years. Specifically, this study answers the following research questions: 1) Does the income shock triggered by the pandemic deteriorate mental health? 2) Does the effect of income shock on mental health deterioration differ among pre-retirement and retirement aged adults? 3) Does the effect of income shock on mental health deterioration differ by income quintile? 4) Does the effect of income shock on mental health deterioration differ by wealth quintile?