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Econ Hum Biol. 2014 Mar;13:1-19. doi: 10.1016/j.ehb.2013.03.005. Epub 2013 Apr 6.

Was the economic crisis of 2008 good for Icelanders? Impact on health behaviors.

Author information

1
University of Iceland, Oddi v/Sturlugötu, 101 Reykjavík, Iceland. Electronic address: ta@hi.is.
2
Rider University and National Bureau of Economic Research, 2083 Lawrenceville Rd., Lawrenceville, NJ 08648, United States. Electronic address: Corman@rider.edu.
3
Rider University and National Bureau of Economic Research, 2083 Lawrenceville Rd., Lawrenceville, NJ 08648, United States. Electronic address: knoonan@rider.edu.
4
University of Iceland, Oddi v/Sturlugötu, 101 Reykjavík, Iceland. Electronic address: tho32@hi.is.
5
Robert Wood Johnson Medical School, 89 French St. Rm. 1348, New Brunswick, NJ 08903, United States. Electronic address: nancy.reichman@gmail.com.

Abstract

This study uses the 2008 economic crisis in Iceland to identify the effects of a macroeconomic downturn on a range of health behaviors. We use longitudinal survey data that include pre- and post-reports from the same individuals on a range of health-compromising and health-promoting behaviors. We find that the crisis led to large and significant reductions in health-compromising behaviors (such as smoking, drinking alcohol or soft drinks, and eating sweets) and certain health-promoting behaviors (consumption of fruits and vegetables), but to increases in other health-promoting behaviors (consumption of fish oil and recommended sleep). The magnitudes of effects for smoking are somewhat larger than what has been found in past research in other contexts, while those for alcohol, fruits, and vegetables are in line with estimates from other studies. Changes in work hours, real income, financial assets, mortgage debt, and mental health, together, explain the effects of the crisis on some behaviors (such as consumption of sweets and fast food), while the effects of the crisis on most other behaviors appear to have operated largely through price increases.

KEYWORDS:

Economic crisis; Health behaviors; Iceland; Recessions

PMID:
23659821
DOI:
10.1016/j.ehb.2013.03.005
[Indexed for MEDLINE]

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