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"An Exploratory Study on the Dependents of Mental Illness". Josh Cusati Ted Weil. The Mental Illness Rate is…. The Mental Illness Rate is defined as:
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The Mental Illness Rate is defined as:
The number of adults who have experienced some form of serious mental illness and/or serious psychological distress within a time period – in the case of this model, a year.
Serious psychological distress is associated with mental health problems that are not as severe as those characterized by SMI, but have a negative impact on a person’s functioning.
Serious mental illness includes anxiety disorders, mood disorders, schizophrenia and other non-affective psychoses.
To determine the factors or variables that drive the mental illness rate in the United States, and then through an econometric model, estimate the magnitude of the influence these variables have in their contributions to mental illness.
To provide mental health professionals with statistically sound evidence of the environmental, behavioral and economic factors that are driving mental illness rates, and their associated elasticities.
Collected demographic data from a variety of sources like the CDC, SAMHSA, and the US Census Bureau.
Rate of Reported Serious Psychological Distress in Past Year
Using WinORS, we performed an OLS Regression on the data set. Our data was formatted for a Pooled Cross Sectional Study, as was regressed accordingly.
The model was optimized to satisfy all four major assumptions of OLS Regression, and to provide a statistically significant solution that maintained constant variance and normality, while removing multicollinearityand auto-correlation.
The birth of Massive Payment Delinquencies, in all consumer debt level categories in late 2004 and early 2005, sparked the start of a America’s real estate market and overall economic financial crisis.
The theory being that people dug themselves into debt in prior years, and everything came to a head at the beginning on 2005 when people could no longer borrow against equity in their homes to cover this debt. This pop of the bubble led to upside down equity.
This debt burden and upside down equity led to an increased level of mental illness in those years. Had we had this information earlier, we might have considered including average credit score, or average debt, or even average days delinquent on debt as independent variables and we may have eliminated this yearly effect.
We proved that:
Money can indeed buy happiness