spouse, disability, and a move toa nursing home, may affect the mental health status of the individual. Forexample, the … behavior,health status, and major life events, over time. To deal with endogenousaspects of these events we apply fixed effects …

How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well …-being on health use identification strategies involving income increases; these studies as well as prior research on stock … market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation …

This lecture argues that mental health is a major factor of production. It is the biggest single influence on life … satisfaction, with mental health eight years earlier a more powerful explanatory factor than current income. Mental health also … affects earnings and educational success. But, most strikingly, it affects employment and physical health. In advanced …