Life Events: Objective and Subjective Responses to the Business Cycle.
Porzecanski, Katia Julia.
- This study analyzes the relationship between the business cycle and objective and subjective responses to four major life events: abortion, crime, health and suicide. We measure the impact of the business cycle on objective responses by using quantitative data on abortion and live birth rates, crime rates, mortality rates, and suicide rates. We measure the impact of the business cycle on subjective ... read moreresponses by using survey data about attitudes towards abortion, fear of crime, self-assessed health condition, and attitudes about suicide. We find that abortion rates and live birth rates, violent crimes, and mortality are pro-cyclical, property crimes are counter-cyclical, and there is no significant relationship between the business cycle and suicide rates. We find that newspaper readership is a significant determinant in subjective responses. Agreement with abortion, fear of crime, and positive health assessments are pro-cyclical for individuals who do not read the newspaper, while all of these effects are negated for individuals who read the newspaper. Agreement with suicide, however, is pro-cyclical regardless of newspaper readership.read less