Do Stock Market Fluctuations Affect Suicide Rates?
37 Pages Posted: 1 Aug 2018 Last revised: 18 Jun 2019
Date Written: July 13, 2018
In this study, we extend the standard economic model of suicide by considering a new influential factor driving the voluntary death rate. Using an international sample, we estimate the model and document a robust and significant inverse relationship between stock market returns and the percentage increase in suicide rates. Trends in male and female suicide are affected by market fluctuations both contemporaneously and at a lag. This predictive quality of stock returns offers the potential to implement pro-active suicide prevention strategies for those who could be affected by the vagaries of the market and general economic downturns.
Keywords: Suicides, Stock Market, Stock Returns
JEL Classification: G11, I12, I18
Suggested Citation: Suggested Citation