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Asymmetry and Spillover Effects in the Relationship Between Stock Markets and Mental Health: An Alternative Approach 股票市场与心理健康关系的不对称与溢出效应:一种替代方法。
IF 2 3区 医学
Health economics Pub Date : 2025-04-14 DOI: 10.1002/hec.4968
Ruben Ruf, Jenny Berrill, Damien Cassells
{"title":"Asymmetry and Spillover Effects in the Relationship Between Stock Markets and Mental Health: An Alternative Approach","authors":"Ruben Ruf,&nbsp;Jenny Berrill,&nbsp;Damien Cassells","doi":"10.1002/hec.4968","DOIUrl":"10.1002/hec.4968","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite the arguments made by prospect theory, there is a lack of studies investigating asymmetric effects in the relationship between stock markets and mental health. We use the UK based Understanding Society panel dataset between 2010 and 2023 to investigate if stock market fluctuations have an asymmetric impact on mental health, and if there are mental health spillover effects on investors' household members, providing the first paper to investigate this relationship using an asymmetric fixed effects model for panel data. We find that a decreasing stock market index has a stronger impact on mental health than an increasing one, supporting prospect theory. We also suggest that prospect theory does not hold for males in explaining the relationship between stock market fluctuations and mental health. Finally, we provide novel evidence for a mental health spillover effect of negative 52-week returns on investors' household members.</p>\u0000 </div>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 8","pages":"1410-1425"},"PeriodicalIF":2.0,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143962272","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Inequality of Opportunity in Body Mass: Evidence From Australia 体重的机会不平等:来自澳大利亚的证据。
IF 2 3区 医学
Health economics Pub Date : 2025-04-12 DOI: 10.1002/hec.4966
Anushiya Vijayasivajie, Pundarik Mukhopadhaya, Chris Heaton
{"title":"Inequality of Opportunity in Body Mass: Evidence From Australia","authors":"Anushiya Vijayasivajie,&nbsp;Pundarik Mukhopadhaya,&nbsp;Chris Heaton","doi":"10.1002/hec.4966","DOIUrl":"10.1002/hec.4966","url":null,"abstract":"<p>This paper extends current knowledge about inequality of opportunity in body mass in Australia. Drawing on 2013 and 2017 Household, Income, and Labour Dynamics in Australia survey data, our empirical strategy comprises of mean-based and unconditional quantile regression techniques. We find that inequality of opportunity accounts for a non-trivial share of body mass inequality. Our results based on waist-to-height ratio reveal estimates of 10%–14%, which are much larger than previously published estimates based on body mass index (BMI). Our estimates are lower-bound values based on 13 observable circumstance variables. Relaxing the homogeneity assumption, for instance, increases estimates by 1.7–3 percentage points. Applying the Shapley–Shorrocks decomposition procedure, age and parents' socio-economic status are identified as leading circumstance factors. This finding is refined when quantiles of the body mass distribution are evaluated. Age's role is diminished at the clinically risky upper quantiles. By contrast, parents' socio-economic status is the single most important circumstance factor at the upper quantiles. Investigating by gender groups, inequality of opportunity is greater among women than men, with parents' socio-economic status playing a critical role in this disparity. Taking a life course perspective, circumstances' influence shows weakening over time, while effort is more impactful at later life stages. Overall, our findings underscore that anti-obesity campaigns should tackle early life social inequality, in addition to empowering personal responsibility later in life.</p>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1365-1381"},"PeriodicalIF":2.0,"publicationDate":"2025-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/hec.4966","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144007879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Fair Innings: An Empirical Test 公平回合:一个实证检验。
IF 2 3区 医学
Health economics Pub Date : 2025-04-10 DOI: 10.1002/hec.4963
Matthew D. Adler, Maddalena Ferranna, James K. Hammitt, Eugénie de Laubier, Nicolas Treich
{"title":"Fair Innings: An Empirical Test","authors":"Matthew D. Adler,&nbsp;Maddalena Ferranna,&nbsp;James K. Hammitt,&nbsp;Eugénie de Laubier,&nbsp;Nicolas Treich","doi":"10.1002/hec.4963","DOIUrl":"10.1002/hec.4963","url":null,"abstract":"<div>\u0000 \u0000 <p>The fair innings principle states that fairness requires allocating life-saving treatments to younger rather than older patients when each would gain the same extension in longevity. It is motivated by the notion that older patients have already benefited from a longer life and so have less claim to scarce treatment resources than younger patients who have not yet lived their “fair innings.” The principle can be theoretically justified by a prioritarian social welfare function applied to lifetime wellbeing. We conducted an online survey to test whether there is support for the principle in the general population (in France). We find substantial but not universal support. When choosing to allocate a treatment that would provide the same life extension to an older or a younger patient, about one-half the respondents would allocate the treatment to the younger patient while about one-third are indifferent to which patient is treated and about one-fifth would allocate treatment to the older patient. Holding the life extension to the older patient fixed, decreasing the life extension to the younger patient decreases (increases) the fraction of respondents that would allocate treatment to the younger (older) patient. These results highlight the tension between principles of equal treatment and of giving priority to those who are worse off that confound healthcare policy.</p>\u0000 </div>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1350-1364"},"PeriodicalIF":2.0,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144002763","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Anxious Dads and Depressed Moms: Child Disability and the Mental Health of Parents 焦虑的父亲和抑郁的母亲:儿童残疾和父母的心理健康。
IF 2 3区 医学
Health economics Pub Date : 2025-04-10 DOI: 10.1002/hec.4962
Derek Asuman, Tinna Laufey Ásgeirsdóttir, Johan Jarl
{"title":"Anxious Dads and Depressed Moms: Child Disability and the Mental Health of Parents","authors":"Derek Asuman,&nbsp;Tinna Laufey Ásgeirsdóttir,&nbsp;Johan Jarl","doi":"10.1002/hec.4962","DOIUrl":"10.1002/hec.4962","url":null,"abstract":"<p>Having a child with a disability undoubtedly affects parents in many ways, including their well-being. However, the specific mental health trajectories of parents, differentiated by the severity of impairments and parental roles, remain under-explored. We investigate the mental-health effects of having a child with a disability. Using individual-level register data from Sweden, we exploit the epidemiological features of Cerebral Palsy (CP) to estimate causal effects. Results show that prescriptions for mental-health disorders increase after the birth of a child with CP. While fathers are more likely to be dispensed anti-anxiety medications, dispensed medications for anti-depressants increase for mothers. Further, the effects are larger for parents of children with severe impairments but do not differ across parental characteristics. Our findings highlight the need for support and assistance for families with children with disabilities.</p>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1326-1349"},"PeriodicalIF":2.0,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/hec.4962","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143997765","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Impact of Social Health Insurance on Student Performance: Evidence From an RDD in Peru 社会健康保险对学生表现的影响:来自秘鲁RDD的证据。
IF 2 3区 医学
Health economics Pub Date : 2025-03-27 DOI: 10.1002/hec.4961
Miguel Angel Carpio, Lucero Gomez, Pablo Lavado
{"title":"The Impact of Social Health Insurance on Student Performance: Evidence From an RDD in Peru","authors":"Miguel Angel Carpio,&nbsp;Lucero Gomez,&nbsp;Pablo Lavado","doi":"10.1002/hec.4961","DOIUrl":"10.1002/hec.4961","url":null,"abstract":"<div>\u0000 \u0000 <p>The literature on the effects of social health insurance focuses on its stated goals, which are health status and financial protection. In contrast, we examine the effect of the Peruvian program on student performance using a sharp RDD. We use a unique individual-level database built from the merger of household survey data and standardized test scores from a national census. We find that social health insurance has large effects on mathematics and reading comprehension scores. The clearest mechanism is a lower incidence of anemia among children and family members.</p>\u0000 </div>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1309-1325"},"PeriodicalIF":2.0,"publicationDate":"2025-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143729762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Opioid Control Policies Can Also Reduce Domestic Violence 阿片类药物管制政策也可以减少家庭暴力。
IF 2 3区 医学
Health economics Pub Date : 2025-03-22 DOI: 10.1002/hec.4960
Andrei Barbos, Minglu Sun
{"title":"Opioid Control Policies Can Also Reduce Domestic Violence","authors":"Andrei Barbos,&nbsp;Minglu Sun","doi":"10.1002/hec.4960","DOIUrl":"10.1002/hec.4960","url":null,"abstract":"<div>\u0000 \u0000 <p>Opioid abuse is an issue of serious concern in the United States, and it has been the focus of a multitude of state and federal level policies. Such policies can raise cost versus benefit considerations, which besides direct effects, must also account for potential second-order unintended consequences. We investigate the possibility of an important spillover of effective opioid control policies on reducing domestic violence. To this aim, we exploit the staggered implementation of the Mandatory Access Prescription Drug Monitoring Programs, which required health care providers to consult an electronic database before prescribing and/or dispersing controlled substances. These programs have been shown to be effective at reducing the utilization of prescription opioids. Our analysis suggests that they may have also decreased the instances of intimate partner assaults, driven primarily by a decrease in simple assaults.</p>\u0000 </div>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1295-1308"},"PeriodicalIF":2.0,"publicationDate":"2025-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143676955","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Investigating the Spillover Mechanisms of Payment Incentives on the Outcomes for Non-Targeted Patients 非目标患者支付激励对结果的溢出机制研究。
IF 2 3区 医学
Health economics Pub Date : 2025-03-21 DOI: 10.1002/hec.4956
Philip Britteon, Søren Rud Kristensen, Yiu-Shing Lau, Ruth McDonald, Matt Sutton
{"title":"Investigating the Spillover Mechanisms of Payment Incentives on the Outcomes for Non-Targeted Patients","authors":"Philip Britteon,&nbsp;Søren Rud Kristensen,&nbsp;Yiu-Shing Lau,&nbsp;Ruth McDonald,&nbsp;Matt Sutton","doi":"10.1002/hec.4956","DOIUrl":"10.1002/hec.4956","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Payment reforms in healthcare can have spillover effects on the care experienced by non-targeted patients treated by the same provider. Few empirical studies have quantitatively investigated the mechanisms behind these effects. We formulate theory-driven hypotheses to investigate the spillover mechanisms of a regional payment reform in the English National Health Service, using linked patient-physician data and difference-in-differences methods. We show that regional payment changes were associated with an increase in mortality of 0.321 percentage points (S.E. 0.114) for non-targeted emergency patients who were treated by physicians with no exposure to the incentives, compared to control regions. In contrast, the mortality rate for non-targeted patients reduced by 0.008 percentage points (S.E. 0.002) for every additional targeted patient treated per quarter by their physician. These findings were consistent across a range of sensitivity analyses. The findings suggest that providers diverted resources away from non-targeted patients but that patients benefitted from physicians learning from the incentives. We demonstrate how the formulation of theory-driven hypotheses about spillover mechanisms can improve the understanding of how and where spillover effects may occur, contributing to research design and policymaking.</p>\u0000 </section>\u0000 </div>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1274-1294"},"PeriodicalIF":2.0,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/hec.4956","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143669689","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Wholesome Lunch to the Whole Classroom: Short- and Longer-Term Effects on Early Teenagers' Weight 健康午餐给整个教室:对青少年早期体重的短期和长期影响。
IF 2 3区 医学
Health economics Pub Date : 2025-03-18 DOI: 10.1002/hec.4959
Shiko Maruyama, Sayaka Nakamura
{"title":"Wholesome Lunch to the Whole Classroom: Short- and Longer-Term Effects on Early Teenagers' Weight","authors":"Shiko Maruyama,&nbsp;Sayaka Nakamura","doi":"10.1002/hec.4959","DOIUrl":"10.1002/hec.4959","url":null,"abstract":"<p>Previous studies on the effect of school lunch programs on child obesity have been hampered by effect heterogeneity, self-selection, and stigma-induced under-reporting, having produced mixed findings. Its potential long-lasting effect has also been debated. We study the body-weight effect of a Japanese school lunch program, which provides nutritional lunch to <i>all</i> students at participating municipal junior highs. The lack of means testing and individual participation choice offers causal estimates of actual participation for a diverse and representative group of children. By exploiting almost universal school lunch coverage for elementary school children nationwide, we construct a difference-in-differences (DID) framework. Using the 1975–1994 National Nutrition Survey, a nationally representative household survey with measured height and weight, we find a regressive benefit of school lunch: while no statistically significant effect is found for the full sample, we find significant obesity-reducing effects for the subsamples of children with low socioeconomic backgrounds. This obesity-reducing effect remains at least a few years after graduation, implying effect through not only nutritional contents but also guiding healthy eating behavior. We find little evidence that school lunch reduces underweight. Propensity score weighting, the DID analysis for percentiles, and various falsification tests confirm the robustness of our estimates.</p>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1255-1273"},"PeriodicalIF":2.0,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/hec.4959","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143657009","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does Publicly-Funded Adult Social Care Impact Informal and Unpaid Carers' Quality of Life in England? 在英格兰,公共资助的成人社会关怀是否影响非正式和无偿照顾者的生活质量?
IF 2 3区 医学
Health economics Pub Date : 2025-03-18 DOI: 10.1002/hec.4957
Francesco Longo, Karl Claxton, Andrea Salas-Ortiz, James Lomas, Stephen Martin
{"title":"Does Publicly-Funded Adult Social Care Impact Informal and Unpaid Carers' Quality of Life in England?","authors":"Francesco Longo,&nbsp;Karl Claxton,&nbsp;Andrea Salas-Ortiz,&nbsp;James Lomas,&nbsp;Stephen Martin","doi":"10.1002/hec.4957","DOIUrl":"10.1002/hec.4957","url":null,"abstract":"<div>\u0000 \u0000 <p>Informal carers are important for their care recipients, but the burden of care may have a detrimental effect on the carer's well-being. Publicly-funded Adult Social Care (simply, ASC) in England may alleviate this burden. We therefore investigate whether ASC expenditure improves carers' quality of life and the channels through which this effect may exist. We analyze data on informal carers from the biennial Survey of Adult Carers in England in 2014/15, 2016/17, 2018/19 and 2021/22. We implement panel data instrumental variables methods that use conditionally exogenous variability in the local taxation to identify the causal effect of ASC expenditure. Our main finding suggests that a £1000-increase in ASC expenditure per client increases, on average, the carer-reported quality of life score by 0.3, which amounts to 4.2% of its average in 2021/22. Moreover, ASC expenditure has a beneficial impact on informal carers' care tasks, health, range of employment choices, and finances.</p>\u0000 </div>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1217-1238"},"PeriodicalIF":2.0,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143657004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Behavioral Responses to Healthcare Funding Decisions and Their Impact on Value for Money: Evidence From Australia 对医疗资助决策的行为反应及其对物有所值的影响:来自澳大利亚的证据。
IF 2 3区 医学
Health economics Pub Date : 2025-03-18 DOI: 10.1002/hec.4958
Peter Ghijben, Dennis Petrie, Silva Zavarsek, Gang Chen, Emily Lancsar
{"title":"Behavioral Responses to Healthcare Funding Decisions and Their Impact on Value for Money: Evidence From Australia","authors":"Peter Ghijben,&nbsp;Dennis Petrie,&nbsp;Silva Zavarsek,&nbsp;Gang Chen,&nbsp;Emily Lancsar","doi":"10.1002/hec.4958","DOIUrl":"10.1002/hec.4958","url":null,"abstract":"<p>Value for money is fundamental to health insurance schemes given insurers must choose which treatments to fund. Assessing value for money <i>ex ante</i> is challenging, however, because costs and outcomes depend on how treatments are used. Estimates often rely on evidence from early randomized controlled trials conducted prior to regulatory approval, where provider and patient behaviors are tightly controlled. This approach ignores how different supply conditions and incentives in practice influence behaviors. This paper considers how provider and patient incentives can differ between trial and practice settings and analyses how healthcare use changed when new prostate cancer treatments were funded on the public health insurance scheme in Australia. We find evidence that doctors treated patients with worse prognosis compared to the trials, patients ceased prior treatment and switched to the new treatments earlier than expected, and treatment duration was longer than expected. These and other behavioral responses reduced value for money <i>ex post</i>. Our findings suggest that health insurers should carefully consider the supply conditions and incentives in practice when funding new treatments.</p>","PeriodicalId":12847,"journal":{"name":"Health economics","volume":"34 7","pages":"1239-1254"},"PeriodicalIF":2.0,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/hec.4958","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143648268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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