Amy Finkelstein

The seminar starts at 17:00 and will last one hour, followed by a 45-minute discussion.


We leverage the spatial variation in the severity of the Great Recession across the United States to estimate its impact on health and explore implications for the welfare consequences of business cycles. We estimate that exposure to a 1 percentage point larger 2007-2009 local unemployment shock reduced the age-adjusted mortality rate by 0.5 percentage points per year, with effects persisting for at least 10 years. The effects appear across demographic groups and causes of death, with about three-quarters of the mortality reduction coming from the elderly. We explore potential explanations and welfare consequences.