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
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: Suggested Citation