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Socioeconomic status has long been related to health, those higher in the social hierarchy typically enjoy better health than those below. [23] Socioeconomic status is an important source of health inequity, as there is a very robust positive correlation between socioeconomic status and health. This correlation suggests that it is not only the ...
The two principal models that attempt to explain this relationship are the social causation theory, which posits that socioeconomic inequality causes stress that gives rise to mental illness, and the downward drift approach, which assumes that people predisposed to mental illness are reduced in socioeconomic status as a result of the illness ...
Taken together, two landmark papers in economic theory which were published before the field of Behavioral Economics emerged, the first is the paper "Uncertainty, Evolution, and Economic Theory" by Armen Alchian from 1950 and the second is the paper "Irrational Behavior and Economic Theory" from 1962 by Gary Becker, both of which were published ...
Social status is the relative level of social value a person is considered to possess. [1] [2] Such social value includes respect, honor, assumed competence, and deference. [3]
A nation's wealth is a strong indicator of the health of its population. Within nations, however, individual socio-economic position is a powerful predictor of health. [77] Material conditions of life determine health by influencing the quality of individual development, family life and interaction, and community environments.
Social deprivation is the reduction or prevention of culturally normal interaction between an individual and the rest of society. This social deprivation is included in a broad network of correlated factors that contribute to social exclusion; these factors include mental illness, poverty, poor education, and low socioeconomic status, norms and values.
Lack of socioeconomic resources can lead to development of traumatic experiences that precipitate into mental health disorders. [9] For example, not having employment or having limited access to resources can influence the course of developing some of the most common mental health disorders, such as depression, anxiety, bipolar disorder, and ...
Economic factors can influence the frequency and severity of mental health outcomes in people of all ages. [68] Economic factors include proximal factors such as assets, debt, financial strain, food security, income, relative deprivation and unemployment, as well as distal factors such as economic inequality, economic recessions, macroeconomic ...