Foreclosure Rates, Neighborhood Disorder, and Health
Little is known about the health effects of the economic downturn, with foreclosure one of its most visible signs. Research in economics suggests that the impact of an economic downturn is first felt through emotional well-being. Hence we explore onset of depression over the interval of the economic downturn with a unique data source, the National Social Life Health and Aging Project (NSHAP). Fortuitously NSHAP wave 1 was collected in 2005-2006 and wave 2 in 2010-2011, bounding the economic downturn and foreclosure crisis.