Impact of Unemployment and Income Inequality on Life Expectancies of Male and Female in Selected Asian Countries

Abstract

Unemployment and income inequality are the significant determinants of life expectancy. Unemployment and income inequality are preventable occurrences to address the health consequences. This study evaluates the influence of unemployment and income inequality on male and female life expectancies in case of seven selected Asian countries. For analysis, annual panel data is obtained from the World Development Indicators (WDI) and Standardized World Income Inequality Database (SWIID) for the period from 2001to 2020. On the basis of Hausman test, the random effect model is utilized for estimation. The results show that unemployment and income inequality have significant negative effect on the life expectancies of male and female in these countries. Based on the findings of the study, policymakers should prioritize combating unemployment and income inequality to mitigate harmful impact on health outcomes (life expectancy) in these selected Asian countries. Policymakers can recommend reducing unemployment and income inequality to improve the health outcomes (life expectancy) in Asian countries.