NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Unnur Anna Valdimarsdóttir

Faculty of Medicine
Center for Public Health Sciences
University of Iceland
Sturlugötu 8
101 Reykjavík
Iceland

E-Mail: unnurav@hi.is
Institutional Affiliation: University of Iceland

NBER Working Papers and Publications

November 2018The Effect of the Economic Collapse in Iceland on the Probability of Cardiovascular Events
with Kristín H. Birgisdóttir, Arna Hauksdóttir, Christopher J. Ruhm, Tinna Laufey Ásgeirsdóttir: w25301
We explore whether the 2008 economic collapse in Iceland and subsequent economic crisis affected the probability of ischemic heart disease (IHD) events, independent of regular cyclical effects attributed to typical economic conditions. We estimate linear probability models using administrative data on IHD events, earnings and balance-sheet status, as well as unemployment for all Icelanders aged 16 and older in 2000-2014. We find that the sharp change in economic conditions in 2008 had a positive long-term effect on the probability of cardiovascular events in both males and females. In absolute terms these effects were small but often statistically significant and contrast with the finding that general business-cycle fluctuations operated in the opposite direction. Several potential mediat...
 
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