The impact of economic conditions on mental health
Implications for COVID-19
One of the main research strengths of the CHE, and a key focus of our International Network on the Economics of Mental Wellbeing, is the use of large and complex survey and administrative data, combined with advanced statistical and econometric methods, to provide new insights into the impact of economic conditions on health outcomes. Here we feature a number of our current research projects and recent papers that highlight our expertise.
Given the massive economic shock resulting from COVID-19, providing timely research findings to aid in the design of efficient and equitable policy interventions to ‘flatten’ the health consequences of the recession, is a key priority of the CHE. All of the studies highlighted suggest that mental health and wellbeing will decline in the recession, with the effects being largest for vulnerable groups. The vulnerable groups in this recession are likely to be largely the same groups who are vulnerable to economic shocks more generally. The inadequacies of funding and service provision for those with mental health recently highlighted by the Victorian Royal Commission are likely to become even more acute over the next few years.