TY  - JOUR
PY  - 2022//
TI  - Put your FTSE down: wealth shocks and road traffic collisions
JO  - Social science and medicine (1982)
A1  - Chen, Zisen
A1  - James, Jonathan
SP  - e115488
EP  - e115488
VL  - 314
IS  - 
N2  - 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.<p />  <p>Language: en</p>
LA  - en
SN  - 0277-9536
UR  - http://dx.doi.org/10.1016/j.socscimed.2022.115488
ID  - ref1
ER  -