- ISSN: 2155-7950
- Journal of Business and Economics
Cumulative Inequality and Late-Life Depression
Abstract: Using cumulative inequality theory under the life-course approach, this study adds to the mounting evidence that an individual’s quality of life is vastly influenced by the divergent life-course trajectories established by early-life socio-economic disadvantages. Data that are collected from the Health and Retirement Study (HRS) are examined to assess the association between hardship and instability before the age of 16 and the onset of late-life depression. The findings suggest a positive and significant association between early-life hardships and instability and the development of late-life depression. The ensuing discussion highlights that early-life socio-economic disadvantages may hinder life quality in later life.
Key words: cumulative inequality theory, economics, health and retirement study, life satisfaction
JEL code: D1