Stock market risk and suicide

Kanghyock Koh; Hyojin Han

doi:10.1016/j.pacfin.2023.101979

Stock market risk and suicide

Kanghyock Koh, Hyojin Han

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

1 Citation (Scopus)

Abstract

We study the effects of stock market returns and volatility on suicide. Using data from stock market prices and individual-level death records from 2000 to 2019 in South Korea, we document evidence that one standard deviation increase in stock market volatility increases suicide rate by 3.5%. Unlike the findings of previous studies regarding the relationships between stock market returns and other measures of health, we document evidence of the non-linear effects of stock market returns on suicide rates only. This study contributes to the literature by providing novel evidence on the effects of the risk of household investments on investors' health.

Original language	English
Article number	101979
Journal	Pacific Basin Finance Journal
Volume	78
DOIs	https://doi.org/10.1016/j.pacfin.2023.101979
Publication status	Published - 2023 Apr

Bibliographical note

Funding Information:
We are very grateful for the comments of the Editor and an anonymous referee. We thank Mimi Jeon for research assistance. All errors are ours. Koh is supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea ( NRF-2021S1A5A2A03064205 ). Han is supported by a research fund from Hanyang University ( HY-2020 ).

Publisher Copyright:
© 2023 Elsevier B.V.

Keywords

Risk
Stock market returns
Stock market volatility
Suicide

ASJC Scopus subject areas

Finance
Economics and Econometrics

UN SDGs

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

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10.1016/j.pacfin.2023.101979

Cite this

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title = "Stock market risk and suicide",

abstract = "We study the effects of stock market returns and volatility on suicide. Using data from stock market prices and individual-level death records from 2000 to 2019 in South Korea, we document evidence that one standard deviation increase in stock market volatility increases suicide rate by 3.5%. Unlike the findings of previous studies regarding the relationships between stock market returns and other measures of health, we document evidence of the non-linear effects of stock market returns on suicide rates only. This study contributes to the literature by providing novel evidence on the effects of the risk of household investments on investors' health.",

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N2 - We study the effects of stock market returns and volatility on suicide. Using data from stock market prices and individual-level death records from 2000 to 2019 in South Korea, we document evidence that one standard deviation increase in stock market volatility increases suicide rate by 3.5%. Unlike the findings of previous studies regarding the relationships between stock market returns and other measures of health, we document evidence of the non-linear effects of stock market returns on suicide rates only. This study contributes to the literature by providing novel evidence on the effects of the risk of household investments on investors' health.

AB - We study the effects of stock market returns and volatility on suicide. Using data from stock market prices and individual-level death records from 2000 to 2019 in South Korea, we document evidence that one standard deviation increase in stock market volatility increases suicide rate by 3.5%. Unlike the findings of previous studies regarding the relationships between stock market returns and other measures of health, we document evidence of the non-linear effects of stock market returns on suicide rates only. This study contributes to the literature by providing novel evidence on the effects of the risk of household investments on investors' health.

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Stock market risk and suicide

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

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