The researchers noted that their study examined the relation between recessions and mortality for the population as a whole, and not the effect of becoming unemployed on an individual person. In fact, their results show that downturns in economic activity may have overall beneficial effects on the population, even if becoming unemployed has adverse health consequences for a given person.
"Social science is not physics," Tapia Granados said. "But regularities in the past allow us at least some confidence in forecasting the future. Historical experience tells us that no particular deterioration of mortality is to be expected as a consequence of a recession beyond an increase in suicides which, although clearly important, is of small magnitude compared to the reduced number of fatalities from other causes."
Other studies suggest that the relationship between population health and business cycles may be weakening, at least in the U.S. and in Japan, where the phenomenon of karoshi---sudden death from overwork among Japanese salarymen---dramatically illustrates the dangers of life in economic boom times.
Still, Tapia Granados hopes that a better understanding of the beneficial effects of recessions on health may perhaps contribute to the development of economic policies that enhance health and minimize or buffer adverse impacts of economic expansions. And he cautions that the findings also suggest that suicide prevention services---often the casualties of budget cuts during economic downturns---are more important during bad times than ever.
Source: University of Michigan