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A Finite-Time-Horizon Model of Suicide When a Person's Income is at Risk: A Research Note

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  • Tomoya Suzuki

Abstract

type="main"> The risk of income fluctuations affects the suicidal behaviour. First, an increase in this risk makes risk-averse individuals more likely to commit suicide by reducing their expected utility. Second, the increased risk makes them less likely to commit suicide by creating a value to waiting for the economic conditions to improve. I lay out a theoretical model of suicide to assess the net impact of income fluctuations on suicidal behaviour by taking into account an individual's ability to delay the action. I also address the question of whether there are generational differences in the suicidal behaviour.

Suggested Citation

  • Tomoya Suzuki, 2015. "A Finite-Time-Horizon Model of Suicide When a Person's Income is at Risk: A Research Note," Australian Economic Papers, Wiley Blackwell, vol. 54(1), pages 43-51, March.
    • Handle: RePEc:bla:ausecp:v:54:y:2015:i:1:p:43-51
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    References listed on IDEAS

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    1. Dave E. Marcotte, 2003. "The Economics of Suicide, Revisited," Southern Economic Journal, Southern Economic Association, vol. 69(3), pages 628-643, January.
    2. Hansen, Gary D., 1985. "Indivisible labor and the business cycle," Journal of Monetary Economics, Elsevier, vol. 16(3), pages 309-327, November.
    3. Hamermesh, Daniel S & Soss, Neal M, 1974. "An Economic Theory of Suicide," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 83-98, Jan.-Feb..
    4. Tomoya Suzuki, 2008. "Economic Modelling Of Suicide Under Income Uncertainty: For Better Understanding Of Middle‐Aged Suicide," Australian Economic Papers, Wiley Blackwell, vol. 47(3), pages 296-310, September.
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