Open Access Letter

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

by Tomasz Piotr Wisniewski a  and  Brendan John Lambe b,* orcid
a
Department of Accounting and Finance, Faculty of Business and Law, The Open University, Milton Keynes, UK
b
College of Business, Alfaisal University, Riyadh, Saudi Arabia
*
Author to whom correspondence should be addressed.
FEL  2023, 13; 2(2), 13; https://doi.org/10.58567/fel02020003
Received: 6 September 2023 / Accepted: 27 September 2023 / Published: 25 October 2023

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.


Copyright: © 2023 by Wisniewski and Lambe. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Wisniewski, T. P.; Lambe, B. J. Getting high on the market: Stock price movements, drug abuse, and health implications. Financial Economics Letters, 2023, 2, 13. https://doi.org/10.58567/fel02020003
AMA Style
Wisniewski T P, Lambe B J. Getting high on the market: Stock price movements, drug abuse, and health implications. Financial Economics Letters; 2023, 2(2):13. https://doi.org/10.58567/fel02020003
Chicago/Turabian Style
Wisniewski, Tomasz P.; Lambe, Brendan J. 2023. "Getting high on the market: Stock price movements, drug abuse, and health implications" Financial Economics Letters 2, no.2:13. https://doi.org/10.58567/fel02020003
APA style
Wisniewski, T. P., & Lambe, B. J. (2023). Getting high on the market: Stock price movements, drug abuse, and health implications. Financial Economics Letters, 2(2), 13. https://doi.org/10.58567/fel02020003

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