{"title":"Getting high on the market: Stock price movements, drug abuse, and health implications","authors":"Tomasz Piotr Wisniewski, Brendan John Lambe","doi":"10.58567/fel02020003","DOIUrl":null,"url":null,"abstract":"<p class=\"MsoNormal\" style=\"margin-top: 12pt;\"><span lang=\"EN-US\" style=\"font-family: arial, helvetica, sans-serif;\">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.</span></p>","PeriodicalId":262077,"journal":{"name":"Financial Economics Letters","volume":"4 ","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Financial Economics Letters","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.58567/fel02020003","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
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.
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