The effect of housing price inequality on mental health

Songman Kang; Hyelim Son; B. K. Song

doi:10.1016/j.labeco.2023.102460

The effect of housing price inequality on mental health

Songman Kang, Hyelim Son, B. K. Song

School of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

This study investigates whether and how changes in local housing price inequality affect individuals’ mental health. We construct a local-level housing price inequality index using data on all housing transactions in South Korea and link it with individual-level medical utilization records. We find that rising local housing price inequality increases the likelihood of medical visits and expenditures related to mental health conditions. Subgroup analysis shows that the estimated effect of housing price inequality is highly heterogeneous, as the estimates vary noticeably by gender, age, and income levels.

Original language	English
Article number	102460
Journal	Labour Economics
Volume	85
DOIs	https://doi.org/10.1016/j.labeco.2023.102460
State	Published - Dec 2023

Keywords

Housing price inequality
Mental health
Wealth inequality

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.labeco.2023.102460

Cite this

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title = "The effect of housing price inequality on mental health",

abstract = "This study investigates whether and how changes in local housing price inequality affect individuals{\textquoteright} mental health. We construct a local-level housing price inequality index using data on all housing transactions in South Korea and link it with individual-level medical utilization records. We find that rising local housing price inequality increases the likelihood of medical visits and expenditures related to mental health conditions. Subgroup analysis shows that the estimated effect of housing price inequality is highly heterogeneous, as the estimates vary noticeably by gender, age, and income levels.",

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AB - This study investigates whether and how changes in local housing price inequality affect individuals’ mental health. We construct a local-level housing price inequality index using data on all housing transactions in South Korea and link it with individual-level medical utilization records. We find that rising local housing price inequality increases the likelihood of medical visits and expenditures related to mental health conditions. Subgroup analysis shows that the estimated effect of housing price inequality is highly heterogeneous, as the estimates vary noticeably by gender, age, and income levels.

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KW - Wealth inequality

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The effect of housing price inequality on mental health

Abstract

Keywords

UN SDGs

Access to Document

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