Recognizing and getting treatment for your teen’s depression may help ensure their financial stability when they’re older, the Atlantic reported July 16.
Adults who suffered from depression during adolescence make around 20 percent less money and are less likely to be employed than adults who did not suffer depression during adolescence, a new working paper from the Yale School of Public Health shows. Women who suffered depression as adolescents seem to fare worse in earnings and the labor market than their male counterparts, the report adds.
Though the study stops short of saying why depression in youth may decrease job and earnings prospects, studies show that depression can undermine academic achievement and self-confidence, thereby decreasing your chances of finding better employment.
The study also shows that it pays for depressed adults to seek help: Adults who were cured of their depression later in life only made around 12 percent less than those who had never suffered from depression, the study says.
While the researchers did not prove cause and effect, “the links between adolescent depression and labor market outcomes are quite robust and important in magnitude,” they write.
The paper appears online at the National Bureau of Economic Research.
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