Study says layoffs lead to serious health problems

Posted Feb. 25, 2010 at 9:49 a.m.

From the New York Times | A report from the Federal Reserve Bank of Chicago’s director of research has found that death rates among high-seniority male workers jumped by 50 percent to 100 percent in the year after a job loss, depending on the worker’s age. Even 20 years later, deaths were 10 percent to 15 percent higher. The study, by the Chicago Fed’s Daniel G. Sullivan and Columbia University economist Till von Wachter, examined death records and earnings data in Pennsylvania during the recession of the early 1980s.

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