Matthias Keese|Hendrik Schmitz
Broke, Ill, and Obese: Is There an Effect of Household Debt on Health?
University of Duisburg-Essen
analyze association household indebtedness different health outcomes using data g erman ocio e conomic p anel 1999 2009 control unobserved heterogeneity applying fixedeffects methods furthermore use subsample constantly employed individuals plus lagged debt variables reduce problems reverse causality apply different measures household indebtedness percentage shares household income spent consumer credit home loan repayments indicate severity household indebtedness binary variable relative overindebtedness indicates precarious debt situation find debt measures strongly correlated health satisfaction mental health obesity relationship vanishes obesity controlling unobserved heterogeneity stays significant respect worse physical mental health