Who cares about stock market booms and busts? Evidence from data on mental health

Anita Ratcliffe and Karl Taylor

Oxford Economic Papers, 2015, vol. 67, issue 3, 826-845

Abstract: This article investigates the association between stock market activity and mental well-being, exploiting the availability of interview dates in the British Household Panel Survey to match changes in the FTSE 100 stock price index to respondents over the period 1991–2008. We present evidence that annual changes in the price index are associated with better mental well-being whilst greater uncertainty, proxied by volatility in the price index, is associated with poorer mental well-being—even after controlling for macroeconomic conditions. Our findings provide support of a wealth mechanism and also suggest that the stock market is a barometer of economic prospects and/or social movements and mood.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://hdl.handle.net/10.1093/oep/gpv030 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Who Cares about Stock Market Booms and Busts? Evidence from Data on Mental Health (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:67:y:2015:i:3:p:826-845.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Oxford Economic Papers is currently edited by James Forder and Francis J. Teal

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().