Get the latest tech news
Lives vs. Livelihoods: The Impact of the Great Recession on Mortality and Welfare
Academics have found that the U.S. mortality declines during recessions, with "reductions in air pollution... a quantitatively important mechanism." Abstract of a paper on National Bureau of Economic Research: We leverage spatial variation in the severity of the Great Recession across the United Sta...
Academics have found that the U.S. mortality declines during recessions, with "reductions in air pollution... a quantitatively important mechanism." Mortality reductions appear across causes of death and are concentrated in the half of the population with a high school degree or less. Incorporating our estimates of pro-cyclical mortality into a standard macroeconomics framework substantially reduces the welfare costs of recessions, particularly for people with less education, and at older ages where they may even be welfare-improving.
Or read this on Slashdot
