@article{Cotti:159976,
      recid = {159976},
      author = {Cotti, Chad and Dunn, Richard A. and Tefft, Nathan},
      title = {The Dow is Killing Me: Risky Health Behaviors and the  Stock Market},
      address = {2013-06-27},
      number = {1584-2016-134085},
      series = {Working Papers},
      pages = {48},
      month = {Jun},
      year = {2013},
      abstract = {We investigate how risky health behaviors and self -  reported health vary with the Dow Jones Industrial Average  (DJIA) and during stock market crashes. Because stock  market indices are leading indicators of economic  performance, this research contributes to our understanding  of the macroeconomic determinants of health. Existing  studies typically rely on the
unemployment rate to proxy  for economic performance, but this measure captures only  one of many channels through which the economic environment  may influence individual health decisions. We find that  large, negative monthly DJIA returns, decreases in the  level of the DJIA, and stock market crashes are widely  associated with worsening self-reported mental health and  more cigarette smoking, binge drinking, and fatal car  accidents involving alcohol. These results are consistent  with predictions from rational addiction models and have  implications for research on the association between  consumption and stock prices.},
      url = {http://ageconsearch.umn.edu/record/159976},
      doi = {https://doi.org/10.22004/ag.econ.159976},
}