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An Examination Of The Impact Unemployment Has On Mental And Physical Health in Ireland

Priestley, Conor (2020) An Examination Of The Impact Unemployment Has On Mental And Physical Health in Ireland. Masters thesis, Dublin, National College of Ireland.

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Abstract

This paper is one of the first to examine the impact unemployment has on both physical and mental health in an Irish context. These impacts on health were assessed via the use of regression analysis and confirmed using non – parametric equivalent tests, which allowed for a comprehensive review of the data. The data used in this study was taken from the European Social Survey in 2018 and only Irish data was selected. The overall impact to the economy was then estimated given previous valuations for changes in health, which used the ‘Willingness To Pay’ method for calculations. The results from this study demonstrate the negative impact that unemployment has on physical and mental health. Mental health levels were found to deteriorate extensively in unemployed individuals actively seeking reemployment. Short term and long term unemployment were found to diminish both mental and physical health, with long term unemployment exacerbating the effects experienced in the short term. The results also suggest that the negative health effects experienced are quantifiably similar for mental and physical health but differ in the way they effect each health variable. These findings were in line with similar related literature previously conducted. Furthermore, the economic cost of health loss is valued at US$1.3 Million per person.

Item Type: Thesis (Masters)
Subjects: R Medicine > RA Public aspects of medicine > RA790 Mental Health
H Social Sciences > HD Industries. Land use. Labor > Issues of Labour and Work > Unemployment
Divisions: School of Business > Master of Science in Finance
Depositing User: Dan English
Date Deposited: 16 Feb 2021 10:56
Last Modified: 16 Feb 2021 10:56
URI: http://norma.ncirl.ie/id/eprint/4772

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