Put your FTSE down
Wealth shocks and road traffic collisions
Bibliographic Data
| ID | 4596247 |
|---|---|
| Authors | Zisen Chen (0000-0002-4788-9738, University of Bath), Jonathan James (0000-0002-8206-1637, University of Bath, corresponding author) |
| Year | 2022 |
| Volume | 314 |
| Pages | 115488 |
| Publication date | 2022-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Science & Medicine (JOURNAL) |
| Journal identifiers | ISSN: 0277-9536 • E-ISSN: 1873-5347 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.socscimed.2022.115488 |
| PMID | 36343462 |
| OpenAlex | W4307896070 |
| Language | EN |
| Citations received | 1 |
| References cited | 23 |
This paper examines the impact of a key source of wealth (the stock market) on road traffic collisions. Using data on over 2 million road accidents we do not find a linear relationship between stock prices and road crashes (fatal or otherwise) in Great Britain. However, we do find a V-shaped effect - collisions respond to the absolute change in stock market returns. The results are robust to a series of falsification exercises that potentially support a causal interpretation. We also examine another source of wealth that has not previously been examined - house prices. Similarly, we do not find that changes in monthly house prices have an impact on accidents, but a symmetric V-shaped is also shown for slight and serious accidents
Econometrics · Economics · Financial economics · Geography · Monetary economics · Series (stratigraphy · Stock (firearms · Stock market · Stock price · Employment and Welfare Studies · Global Health Care Issues · Insurance and Financial Risk Management
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| Citations per year | 0.33 |
|---|---|
| Citation span | 2023 - 2023 (1) |
| Highly cited | No |