ADHD, Financial Distress, and Suicide in Adulthood: A Population Study

Fisher College of Business Working Paper No. 2020-03-025

Charles A. Dice Working Paper No. 2020-25

Science Advances; Vol 6, no. 40, eaba1551 September 30, 2020

Swedish House of Finance Research Paper No. 20-26

10 Pages Posted: 28 Oct 2020 Last revised: 1 Dec 2020

See all articles by Theodore P. Beauchaine

Theodore P. Beauchaine

Ohio State University (OSU)

Itzhak Ben-David

Ohio State University (OSU) - Department of Finance; National Bureau of Economic Research (NBER)

Marieke Bos

Swedish House of Finance - Stockholm School of Economics; Vrije Universiteit Amsterdam; Consumer Finance Institute, Federal Reserve Bank of Philadelphia; Tinbergen Institute

Date Written: September 30, 2020

Abstract

Attention-deficit/hyperactivity disorder (ADHD) exerts lifelong impairment, including difficulty sustaining employment, poor credit, and suicide risk. To date, however, studies have assessed selected samples, often via self-report. Using mental health data from the entire Swedish population (N = 11.55 million) and a random sample of credit data (N = 189,267), we provide the first study of objective financial outcomes among adults with ADHD, including associations with suicide. Controlling for psychiatric comorbidities, substance use, education, and income, those with ADHD start adulthood with normal credit demand and default rates. However, in middle age, their default rates grow exponentially, yielding poor credit scores and diminished credit access despite high demand. Sympathomimetic prescriptions are unassociated with improved financial behaviors. Last, financial distress is associated with fourfold higher risk of suicide among those with ADHD. For men but not women with ADHD who suicide, outstanding debt increases in the 3 years prior. No such pattern exists for others who suicide.

Keywords: ADHD,borrowing,suicide,credit score,financial distress,default,mental disorder,Sweden,population study,medial diagnosis,loans

JEL Classification: I1, I12, I14, G4, G41, G5, G51

Suggested Citation

Beauchaine, Theodore P. and Ben-David, Itzhak and Bos, Marieke, ADHD, Financial Distress, and Suicide in Adulthood: A Population Study (September 30, 2020). Fisher College of Business Working Paper No. 2020-03-025, Charles A. Dice Working Paper No. 2020-25, Science Advances; Vol 6, no. 40, eaba1551 September 30, 2020, Swedish House of Finance Research Paper No. 20-26, Available at SSRN: https://ssrn.com/abstract=3719429 or http://dx.doi.org/10.2139/ssrn.3719429

Theodore P. Beauchaine

Ohio State University (OSU) ( email )

Blankenship Hall-2010
901 Woody Hayes Drive
Columbus, OH OH 43210
United States

Itzhak Ben-David (Contact Author)

Ohio State University (OSU) - Department of Finance ( email )

2100 Neil Avenue
Fisher 700D
Columbus, OH 43210-1144
United States
773 988 1353 (Phone)

HOME PAGE: http://https://u.osu.edu/ben-david.1/

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

HOME PAGE: http://fisher.osu.edu/fin/faculty/Ben-David/

Marieke Bos

Swedish House of Finance - Stockholm School of Economics ( email )

Drottninggatan 98
111 60 Stockholm
Sweden

HOME PAGE: http://www.mariekebos.org

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Consumer Finance Institute, Federal Reserve Bank of Philadelphia ( email )

Ten Independence Mall
Philadelphia, PA 19106-1574
United States

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

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