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Quality of Life, Health and the Great Recession in Spain: Why Older People Matter?
The financial crisis of 2008 precipitated the “Great Recession”. In this scenario, we took Spain as a country of study, because although it experienced significant negative shocks associated with macroeconomic variables (GDP or unemployment), its welfare indicators have been marked by limited change...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7922658/ https://www.ncbi.nlm.nih.gov/pubmed/33669703 http://dx.doi.org/10.3390/ijerph18042028 |
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author | Blázquez-Fernández, Carla Cantarero-Prieto, David Pascual-Sáez, Marta |
author_facet | Blázquez-Fernández, Carla Cantarero-Prieto, David Pascual-Sáez, Marta |
author_sort | Blázquez-Fernández, Carla |
collection | PubMed |
description | The financial crisis of 2008 precipitated the “Great Recession”. In this scenario, we took Spain as a country of study, because although it experienced significant negative shocks associated with macroeconomic variables (GDP or unemployment), its welfare indicators have been marked by limited changes. This study used data from waves 2 and 4 (years 2006–2007 and 2010–2012, respectively) of the Survey on Health, Aging and Retirement in Europe (SHARE). Specifically, through logistic regressions we have analysed the effects of socioeconomic, demographic, health and “Great Recession” factors on the quality of life (QoL) of elders in Spain. Although QoL did not change too much during the “Great Recession”, the results confirmed the importance of several factors (such as chronicity) that affect the satisfaction with the QoL among the older people. In this regard, statistically significant effects were obtained for individual exposure to recession. Therefore, a decrease in household income in the crisis period with respect to the pre-crisis period would increase by 44% the probability of reporting a low QoL (OR = 1.44; 95% CI: 1.00–2.07). Furthermore, gender differences were observed. Health and socioeconomic variables are the most significant when determining individual QoL. Therefore, when creating policies, establishing multidisciplinary collaborations is essential. |
format | Online Article Text |
id | pubmed-7922658 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-79226582021-03-03 Quality of Life, Health and the Great Recession in Spain: Why Older People Matter? Blázquez-Fernández, Carla Cantarero-Prieto, David Pascual-Sáez, Marta Int J Environ Res Public Health Article The financial crisis of 2008 precipitated the “Great Recession”. In this scenario, we took Spain as a country of study, because although it experienced significant negative shocks associated with macroeconomic variables (GDP or unemployment), its welfare indicators have been marked by limited changes. This study used data from waves 2 and 4 (years 2006–2007 and 2010–2012, respectively) of the Survey on Health, Aging and Retirement in Europe (SHARE). Specifically, through logistic regressions we have analysed the effects of socioeconomic, demographic, health and “Great Recession” factors on the quality of life (QoL) of elders in Spain. Although QoL did not change too much during the “Great Recession”, the results confirmed the importance of several factors (such as chronicity) that affect the satisfaction with the QoL among the older people. In this regard, statistically significant effects were obtained for individual exposure to recession. Therefore, a decrease in household income in the crisis period with respect to the pre-crisis period would increase by 44% the probability of reporting a low QoL (OR = 1.44; 95% CI: 1.00–2.07). Furthermore, gender differences were observed. Health and socioeconomic variables are the most significant when determining individual QoL. Therefore, when creating policies, establishing multidisciplinary collaborations is essential. MDPI 2021-02-19 2021-02 /pmc/articles/PMC7922658/ /pubmed/33669703 http://dx.doi.org/10.3390/ijerph18042028 Text en © 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Blázquez-Fernández, Carla Cantarero-Prieto, David Pascual-Sáez, Marta Quality of Life, Health and the Great Recession in Spain: Why Older People Matter? |
title | Quality of Life, Health and the Great Recession in Spain: Why Older People Matter? |
title_full | Quality of Life, Health and the Great Recession in Spain: Why Older People Matter? |
title_fullStr | Quality of Life, Health and the Great Recession in Spain: Why Older People Matter? |
title_full_unstemmed | Quality of Life, Health and the Great Recession in Spain: Why Older People Matter? |
title_short | Quality of Life, Health and the Great Recession in Spain: Why Older People Matter? |
title_sort | quality of life, health and the great recession in spain: why older people matter? |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7922658/ https://www.ncbi.nlm.nih.gov/pubmed/33669703 http://dx.doi.org/10.3390/ijerph18042028 |
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