Cost of health problems caused by stock market volatility: An empirical study in Taiwan

Pei Shih (Pace) Weng, Yu Jen Hsiao, Kai Yuan Hsiao, Wei Shan Chang

研究成果: 雜誌貢獻文章同行評審

1 引文 斯高帕斯(Scopus)

摘要

This study highlights the often-overlooked health impacts and related costs endured by individual investors due to market volatility. Leveraging Taiwan's unique market characteristics and healthcare system, we underscore the economic repercussions of health degradation induced by market instability. Analyzing daily medical costs for depression and hypertension patients over 11 years reveals the impact of market turbulence. Specifically, a standard deviation increase in daily market volatility aligns with 4% and 12% surges in daily emergency and outpatient spending, respectively. To avert confounding biases, our empirical models account for market regimes and weather factors, and the outcomes are corroborated through robustness tests.
原文英語
文章編號104206
期刊Finance Research Letters
57
DOIs
出版狀態已發佈 - 11月 2023

ASJC Scopus subject areas

  • 金融

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