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

Wisniewski, Tomasz Piotr and Lambe, Brendan John (2023). Getting high on the market: Stock price movements, drug abuse, and health implications. Financial Economics Letters, 2(2) pp. 28–34.

DOI: https://doi.org/10.58567/fel02020003

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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