The Impact of Stock Market Fluctuations on the Mental and Physical Wellbeing of Children
The stock market crash of 2008 caused a severe impact to households. Earlier research has explored the impacts of a stock market crash on life wellbeing, psychological stress, and adult health behaviors. We extend this literature by documenting impacts of stock market fluctuations on a range of child outcomes; including effects on both mental and physical health. We show a negative effect of a market crash on hospitalizations, child reported health status, sick days from school, and emotional difficulties. Both graphical and regression based analysis reveal that our results are not driven by a pre-trend of declining child health before the market crash.
|Date of creation:||Jun 2016|
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