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

Tomasz Piotr Wisniewski and Brendan John Lambe
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Tomasz Piotr Wisniewski: Department of Accounting and Finance, Faculty of Business and Law, The Open University, Milton Keynes, UK
Brendan John Lambe: College of Business, Alfaisal University, Riyadh, Saudi Arabia

Financial Economics Letters, 2023, vol. 2, issue 2, 28-34

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 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bba:j00007:v:2:y:2023:i:2:p:28-34:d:239

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