IDEAS home Printed from https://ideas.repec.org/p/ecl/ohidic/2020-25.html
   My bibliography  Save this paper

ADHD, Financial Distress, and Suicide in Adulthood: A Population Study

Author

Listed:
  • Beauchaine, Theodore P.

    (Ohio State U)

  • Ben-David, Itzhak

    (Ohio State U)

  • Bos, Marieke

    (Swedish House of Finance, Stockholm School of Economics)

Abstract

Attention-deficit/hyperactivity disorder (ADHD) exerts lifelong impairment, including difficulty sustaining employment, poor credit, and suicide risk. To date, however, studies have assessed selected samples, often via self-report. Using mental health data from the entire Swedish population (N=11.55 million) and a random sample of credit data (N=189,267), we provide the first study of objective financial outcomes among adults with ADHD, including associations with suicide. Controlling for psychiatric comorbidities, substance use, education, and income, those with ADHD start adulthood with normal credit demand and default rates. However, in middle age, their default rates grow exponentially, yielding poor credit scores and diminished credit access despite high demand. Sympathomimetic prescriptions are unassociated with improved financial behaviors. Last, financial distress is associated with fourfold higher risk of suicide among those with ADHD. For men but not women with ADHD who suicide, outstanding debt increases in the 3 years prior. No such pattern exists for others who suicide.

Suggested Citation

  • Beauchaine, Theodore P. & Ben-David, Itzhak & Bos, Marieke, 2020. "ADHD, Financial Distress, and Suicide in Adulthood: A Population Study," Working Paper Series 2020-25, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    • Handle: RePEc:ecl:ohidic:2020-25
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3719429_code1542588.pdf?abstractid=3719429&mirid=1
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Janneke Koerts & Dorien F. Bangma & Christian Mette & Lara Tucha & Oliver Tucha, 2023. "Strengths and Weaknesses of Everyday Financial Knowledge and Judgment Skills of Adults with ADHD," IJERPH, MDPI, vol. 20(5), pages 1-15, March.
    2. Andreas Jangmo & Ralf Kuja-Halkola & Ana Pérez-Vigil & Catarina Almqvist & Cynthia M Bulik & Brian D’Onofrio & Paul Lichtenstein & Ewa Ahnemark & Tamara Werner-Kiechle & Henrik Larsson, 2021. "Attention-deficit/hyperactivity disorder and occupational outcomes: The role of educational attainment, comorbid developmental disorders, and intellectual disability," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-16, March.
    3. Nana Guo & Janneke Koerts & Lara Tucha & Isabel Fetter & Christina Biela & Miriam König & Magdalena Bossert & Carsten Diener & Steffen Aschenbrenner & Matthias Weisbrod & Oliver Tucha & Anselm B. M. F, 2022. "Stability of Attention Performance of Adults with ADHD over Time: Evidence from Repeated Neuropsychological Assessments in One-Month Intervals," IJERPH, MDPI, vol. 19(22), pages 1-14, November.

    More about this item

    JEL classification:

    • G4 - Financial Economics - - Behavioral Finance
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • G5 - Financial Economics - - Household Finance
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • I1 - Health, Education, and Welfare - - Health
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecl:ohidic:2020-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cdohsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.