Abstract
Economic activities induced by wealth shocks can increase health risks. However, using individual-level national death registry data of South Korea from 2000 to 2019, we find little evidence that daily stock market returns influence instantaneous health risks measured by deaths due to substance abuse and heart disease. Combined with the findings from previous studies, our results provide supportive evidence of the hypothesis that stock market returns affect investors’ instantaneous utility by anticipating future consumption rather than current consumption.
| Original language | English |
|---|---|
| Pages (from-to) | 1584-1589 |
| Number of pages | 6 |
| Journal | Applied Economics Letters |
| Volume | 31 |
| Issue number | 16 |
| DOIs | |
| Publication status | Published - 2024 |
Bibliographical note
Publisher Copyright:© 2023 Informa UK Limited, trading as Taylor & Francis Group.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 3 Good Health and Well-being
Keywords
- Stock market returns
- death due to heart disease
- death due to substance abuse
- economic activities
ASJC Scopus subject areas
- Economics and Econometrics
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