@article{ref1,
title="When the market drives you crazy: stock market returns and fatal car accidents",
journal="Journal of health economics",
year="2020",
author="Giulietti, Corrado and Tonin, Mirco and Vlassopoulos, Michael",
volume="70",
number="",
pages="e102245-e102245",
abstract="This paper provides evidence that daily fluctuations in the stock market have important - and hitherto neglected - spillover effects on fatal car accidents. Using the universe of fatal car accidents in the United States from 1990 to 2015, we find that a one standard deviation reduction in daily stock market returns is associated with a 0.6% increase in fatal car accidents that happen after the stock market opening. A battery of falsification tests supports a causal interpretation of this finding. Our results are consistent with immediate emotions stirred by a negative stock market performance influencing the number of fatal accidents, in particular among inexperienced investors.<br><br>Copyright © 2019 Elsevier B.V. All rights reserved.<p /> <p>Language: en</p>",
language="en",
issn="0167-6296",
doi="10.1016/j.jhealeco.2019.102245",
url="http://dx.doi.org/10.1016/j.jhealeco.2019.102245"
}