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Recessions and health: the long‐term health consequences of responses to the coronavirus
File(s)
1475-5890.12230.pdf (497.86 KB)
Published version
Author(s)
Banks, James
Karjalainen, Heidi
Propper, Carol
Type
Journal Article
Abstract
The lockdown measures that were implemented in the spring of 2020 to stop the spread of COVID‐19 are having a huge impact on economies in the UK and around the world. In addition to the direct impact of COVID‐19 on health, the following recession will have an impact on people's health outcomes. This paper reviews economic literature on the longer‐run health impacts of business‐cycle fluctuations and recessions. Previous studies show that an economic downturn, which affects people through increased unemployment, lower incomes and increased uncertainty, will have significant consequences on people's health outcomes both in the short and longer term. The health effects caused by these adverse macroeconomic conditions will be complex and will differ across generations, regions and socio‐economic groups. Groups that are vulnerable to poor health are likely to be hit hardest even if the crisis hit all individuals equally, and we already see that some groups such as young workers and women are worse hit by the recession than others. Government policies during and after the pandemic will play an important role in determining the eventual health consequences.
Date Issued
2020-07-25
Date Acceptance
2020-06-01
Citation
Fiscal Studies, 2020, 41 (2), pp.337-344
URI
URL
DOI
ISSN
0143-5671
Publisher
Wiley
Start Page
337
End Page
344
Journal / Book Title
Fiscal Studies
Volume
41
Issue
2
Copyright Statement
© 2020 The Authors. Fiscal Studies published by John Wiley & Sons Ltd. on behalf of Institute for Fiscal Studies

This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
License URL
Identifier
https://onlinelibrary.wiley.com/doi/full/10.1111/1475-5890.12230
Subjects
1402 Applied Economics
Economics
Publication Status
Published
Date Publish Online
2020-06-12