Getting high on the market: Stock price movements, drug abuse and health implications

11 Pages Posted: 4 Sep 2020 Last revised: 23 Jul 2021

Date Written: June 17, 2020

Abstract

Using an international dataset, this letter finds that high stock returns are associated with increased death rates from drug use disorders. Although the out-of-pocket expenditure on healthcare also rises following a stock market surge, the net effect on life expectancy is significantly negative.

Keywords: Health Behaviors, Life Expectancy, Stock Market

JEL Classification: G10, I12

Suggested Citation

Wisniewski, Tomasz Piotr and Lambe, Brendan John, Getting high on the market: Stock price movements, drug abuse and health implications (June 17, 2020). Available at SSRN: https://ssrn.com/abstract=3629288 or http://dx.doi.org/10.2139/ssrn.3629288

Tomasz Piotr Wisniewski (Contact Author)

Open University, UK ( email )

Walton Hall
Milton Keynes, Buckinghamshire MK7 6AA
United Kingdom

Brendan John Lambe

Alfaisal University

P.O. Box 50927
Riyadh, 11533
Saudi Arabia

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