Publication type
Journal Article
Authors
Publication date
June 1, 2015
Summary:
This article investigates the association between stock
market activity and mental well-being, exploiting the availability of interview
dates in the British Household Panel Survey to match changes in the FTSE 100
stock price index to respondents over the period 1991–2008. We present evidence
that annual changes in the price index are associated with better mental
well-being whilst greater uncertainty, proxied by volatility in the price
index, is associated with poorer mental well-being—even after controlling for
macroeconomic conditions. Our findings provide support of a wealth mechanism
and also suggest that the stock market is a barometer of economic prospects
and/or social movements and mood.
Published in
Oxford Economic Papers
Volume and page numbers
Volume: 67 , p.826 -845
DOI
http://dx.doi.org/10.1093/oep/gpv030
ISSN
307653
Subjects
Notes
Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*
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