Impacts of Household Economic Resources on Female Psychological Health Status -Some Evidence from "Japanese Panel Survey of Consumers"-

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The object of this study is to evaluate effects of socioeconomic status on psychological health in Japanese females in 20s-40s, using “Japanese Panel Survey of Consumers” conducted by the Institute for Research on Household Economics. The dynamic panel data estimation shows that (1) family assets have no impacts on female psychological health status; (2) household annual income has a significant positive effect on female health, however the size of effect is very negligible; (3) non-economic events and status such as retirement, birth, living with spouse's parents, and spouse's educational attainment have more significant impacts on female psychological health condition than do family assets or income.