Is over-Indebtedness a Predictor of Disability Pension? Evidence from a 15-Year Follow-up of Finnish Men and Women
*Names in bold indicate Presenter
Methods: Severely over-indebted men and women were identified from the Finnish credit information register. For each over-indebted person, one matched control was retrieved from the population register (total N 54 494). Register data on socio-demographics, health-related factors and pensions was used to analyse the incidence of new disability pensions by main diagnostic groups in 1995–2009 using Cox regression analysis.
Results: Over-indebtedness was strongly associated with the risk of entering disability pensions in all diagnostic groups examined. The associations were stronger among women than among men.
Conclusions: Adverse consequences of over-indebtedness on health and disability should be acknowledged. Policy makers should take up measures to prevent over-indebtedness and to overcome its harmful effects.