
Health
Financial Services
This paper uses data from the PSID for 2007-2009 to investigate whether the decline in home values and having difficulty with mortgage caused adverse health effects. We use four measures of health status including self-reported health status, health conditions, severe health conditions and psychological stress. Our results show that homeowners report deteriorating health status and higher psychological stress if their housing wealth decreased. Homeowners experiencing difficulty with mortgage also report higher psychological stress.
Assistant Professor
Columbus, OH
Graduate Student
Columbus, OH
Assistant Professor
Tuscaloosa, AL