University of Oulu

Sanna Huikari & Marko Korhonen (2021) Unemployment, global economic crises and suicides: evidence from 21 OECD countries, Applied Economics, 53:13, 1540-1550, DOI: 10.1080/00036846.2020.1838430

Unemployment, global economic crises and suicides: evidence from 21 OECD countries

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Author: Huikari, Sanna1; Korhonen, Marko1
Organizations: 1Department of Economics, University of Oulu, Oulu, Finland
Format: article
Version: accepted version
Access: open
Online Access: PDF Full Text (PDF, 0.5 MB)
Persistent link: http://urn.fi/urn:nbn:fi-fe202201178993
Language: English
Published: Informa, 2021
Publish Date: 2022-05-04
Description:

Abstract

This study explores age- and gender-specific suicide mortality due to unemployment and economic crises, for 21 OECD countries over the period 1960 to 2011. The findings indicate that a higher unemployment rate leads to an increase in suicides in almost all age groups. Further, using dataset on economic/financial crisis events, results show that, in general, these crises increase suicide rates. However, the evidence also shows that economic crises have no effect on those in the 45 to 64 years age group in terms of suicides. Further, we assessed whether suicide mortality can be attributed to a ‘crisis effect’ beyond that of unemployment. For males, we found a significant joint effect between crises and unemployment. Finally, we investigated the possible nonlinear threshold response of suicides to unemployment. We found that suicides among young males (<45 years) are due to marked increases in unemployment in association with global economic crises.

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Series: Applied economics
ISSN: 0003-6846
ISSN-E: 1466-4283
ISSN-L: 0003-6846
Volume: 53
Issue: 13
Pages: 1540 - 1550
DOI: 10.1080/00036846.2020.1838430
OADOI: https://oadoi.org/10.1080/00036846.2020.1838430
Type of Publication: A1 Journal article – refereed
Field of Science: 511 Economics
Subjects:
Funding: This work was supported by the Finnish Cultural Foundation [00150254].
Copyright information: © 2021 Informa UK Limited, trading as Taylor & Francis Group. This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 04 Nov 2020, available online: https://doi.org/10.1080/00036846.2020.1838430.