Housing Wealth, Psychological Well-being, and Cognitive Functioning of Older Americans
Housing Wealth, Psychological Well-being, and Cognitive Functioning of Older Americans
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DOI：
10.1093/geronb/gbt114
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发表时间：
2014-03-01
影响因子：
6.2
通讯作者：
Dowd, Jennifer Beam
中科院分区：
文献类型：
--
作者：
Hamoudi, Amar;Dowd, Jennifer Beam
目标。退休年龄前后的经济保障可能是老年人心理和认知健康的重要决定因素。这项研究考察了20世纪90年代中期至2000年代中期房价大幅上涨对1924年至1960年出生的美国人的心理和认知结果的影响。我们的准实验经验策略利用了房地产繁荣时期(从20世纪90年代中期到2006年)房地产市场价格趋势的地理差异。我们使用来自健康和退休研究(HRS)的个人水平数据和加州房地产咨询公司DataQuick的住房价值估计来估计房价上涨与后续心理和认知结果的关联。在接下来的一段时间里，住房增值越大，(对女性来说)焦虑的风险就会显著降低，在一些但不是所有认知任务上的表现都会有所改善。对抑郁症状、积极和消极情绪、生活满意度的影响都是有益的，但在统计学上没有显著意义。价格上涨的影响集中在房主身上，而不是租房者身上，这暗示着财富驱动的影响。房地产市场的波动可能会影响老年人的心理和认知健康，突显出支持拥有住房的政策可能对健康产生的影响，鉴于最近房价的大幅下跌，这一点可能尤为重要
Objectives. Economic security around retirement age may be an important determinant of psychological and cognitive well-being of older adults. This study examines the impact of the dramatic increase in housing prices from the mid-1990s to the mid-2000s on psychological and cognitive outcomes among Americans born between 1924 and 1960.Method. Our quasi-experimental empirical strategy exploits geographic differences in housing market price trends during the housing boom (from the mid-1990s until 2006). We use individual-level data from the Health and Retirement Study (HRS) and estimates of housing values from DataQuick, a California-based real estate consultancy firm, to estimate the association of housing price increases with psychological and cognitive outcomes at follow-up.Results. Greater housing appreciation over the follow-up period was associated with a significantly lower risk of anxiety (for women) and an improved performance on some but not all cognitive tasks. Effects for depressive symptoms, positive and negative affect, and life satisfaction were all in the beneficial direction but not statistically significant. The effects of price run-ups were concentrated on homeowners, as opposed to renters, suggestive of wealth-driven effects.Discussion. Housing market volatility may influence the psychological and cognitive health of older adults, highlighting potential health consequences of pro-home ownership policies, which may be especially important in light of recent dramatic housing price declines