LIQUIDITY, ECONOMIC ACTIVITY, AND MORTALITY

被引：46

作者：

Evans, William N. ^{[1
]}

Moore, Timothy J. ^{[2
]}

机构：

[1] Univ Notre Dame, Notre Dame, IN 46556 USA

[2] Univ Maryland, College Pk, MD 20742 USA

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2012年 / 94卷 / 02期

关键词：

HOUSEHOLD CONSUMPTION; MYOCARDIAL-INFARCTION; SUBSTANCE-ABUSE; RECESSIONS GOOD; DRUG-USE; INCOME; EDUCATION; 1ST; HOSPITALIZATION; ASSOCIATION;

D O I：

10.1162/REST_a_00184

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We document a within-month mortality cycle where deaths decline before the first day of the month and spike after the first. This cycle is present across a wide variety of causes and demographic groups. A similar cycle exists for a range of economic activities, suggesting the mortality cycle may be due to short-term variation in levels of economic activity. We provide evidence that the within-month activity cycle is generated by liquidity. Our results suggest a causal pathway whereby liquidity problems reduce activity, which in turn reduces mortality. These relationships may help explain the procyclical nature of mortality.

引用

页码：400 / 418

页数：19

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