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The Economics of Suicide, Revisited

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Author Info
Dave E. Marcotte () (Policy Sciences Graduate Program, University of Maryland Baltimore County)

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Abstract

Only a small fraction of suicide attempts are fatal. Nonfatal attempts might elicit resources and care from others, enhancing economic prospects for those who survive. I expand the standard utility-maximizing model of suicide to include a nontrivial probability of survival and the possibility that the utility function may be affected by the suicide attempt. This expanded model predicts that suicide attempts are more likely when future income may be positively affected by the attempt, conditional on survival. Data from the National Comorbidity Survey show that ex post, individuals who made a suicide attempt had higher incomes than peers who seriously considered suicide but who never made a suicide attempt. Moreover, those who reported making the most serious attempts experienced the largest subsequent effects on income.

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Publisher Info
Article provided by Southern Economic Association in its journal Southern Economic Journal.

Volume (Year): 69 (2003)
Issue (Month): 3 (January)
Pages: 628-643
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Handle: RePEc:sej:ancoec:v:69:3:y:2003:p:628-643

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Web page: http://www.southerneconomic.org/
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  1. Erdal Tekin & Sara Markowitz, 2005. "Suicidal Behavior and the Labor Market Productivity of Young Adults," NBER Working Papers 11238, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Mary C. Daly & Daniel J. Wilson, 2006. "Keeping up with the Joneses and staying ahead of the Smiths: evidence from suicide data," Working Paper Series 2006-12, Federal Reserve Bank of San Francisco. [Downloadable!]
  3. Jahyeong Koo & W. Michael Cox, 2006. "An economic interpretation of suicide cycles in Japan," Working Papers 0603, Federal Reserve Bank of Dallas. [Downloadable!]
  4. Antonio Rodriguez, 2006. "Inequality and Suicide Mortality: A Cross-Country Study," Development Research Working Paper Series 13/2006, Institute for Advanced Development Studies. [Downloadable!]
  5. yamamura, eiji, 2007. "The Different Impacts of Socio-economic Factors on Suicide between Males and Females," MPRA Paper 10175, University Library of Munich, Germany. [Downloadable!]
  6. Joe Chen & Yun Jeong Choi & Kohta Mori & Yasuyuki Sawada & Saki Sugano, 2009. "Socio-Economic Studies on Suicide: A Survey," CIRJE F-Series CIRJE-F-629, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
  7. Mary C. Daly & Daniel J. Wilson & Norman J. Johnson, 2007. "Relative status and well-being: evidence from U.S. suicide deaths," Working Paper Series 2007-12, Federal Reserve Bank of San Francisco. [Downloadable!]
  8. Thomas Maag, 2008. "Economic Correlates of Suicide Rates in OECD Countries," KOF Working papers 08-207, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
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This page was last updated on 2009-12-3.


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