Stock market returns and health risk

Hyojin Han; Kanghyock Koh

doi:10.1080/13504851.2023.2275216

Stock market returns and health risk

Hyojin Han
, Kanghyock Koh^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

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	https://doi.org/10.1080/13504851.2023.2275216
Publication status	Published - 2024

Bibliographical note

Publisher Copyright:
© 2023 Informa UK Limited, trading as Taylor & Francis Group.

Keywords

Stock market returns
death due to heart disease
death due to substance abuse
economic activities

ASJC Scopus subject areas

Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1080/13504851.2023.2275216

Cite this

@article{5feac2061272431c829ab55e64e7679d,

title = "Stock market returns and health risk",

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{\textquoteright} instantaneous utility by anticipating future consumption rather than current consumption.",

keywords = "Stock market returns, death due to heart disease, death due to substance abuse, economic activities",

author = "Hyojin Han and Kanghyock Koh",

note = "Publisher Copyright: {\textcopyright} 2023 Informa UK Limited, trading as Taylor \& Francis Group.",

year = "2024",

doi = "10.1080/13504851.2023.2275216",

language = "English",

volume = "31",

pages = "1584--1589",

journal = "Applied Economics Letters",

issn = "1350-4851",

publisher = "Routledge",

number = "16",

}

TY - JOUR

T1 - Stock market returns and health risk

AU - Han, Hyojin

AU - Koh, Kanghyock

PY - 2024

Y1 - 2024

N2 - 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.

AB - 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.

KW - Stock market returns

KW - death due to heart disease

KW - death due to substance abuse

KW - economic activities

UR - https://www.scopus.com/pages/publications/85174977283

U2 - 10.1080/13504851.2023.2275216

DO - 10.1080/13504851.2023.2275216

M3 - Article

AN - SCOPUS:85174977283

SN - 1350-4851

VL - 31

SP - 1584

EP - 1589

JO - Applied Economics Letters

JF - Applied Economics Letters

IS - 16

ER -

Stock market returns and health risk

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this