Skip to main page content
U.S. flag

An official website of the United States government

Dot gov

The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Access keys NCBI Homepage MyNCBI Homepage Main Content Main Navigation
. 2012 Dec;75(11):1974-80.
doi: 10.1016/j.socscimed.2012.07.008. Epub 2012 Aug 14.

Stock or stroke? Stock market movement and stroke incidence in Taiwan

Chun-Chih Chen  1 , Chin-Shyan Chen, Tsai-Ching Liu, Ying-Tzu Lin
Affiliations

Stock or stroke? Stock market movement and stroke incidence in Taiwan

Chun-Chih Chen et al. Soc Sci Med. 2012 Dec.

Abstract

This paper investigates the impact of stock market movement on incidences of stroke utilizing population-based aggregate data in Taiwan. Using the daily data from the Taiwan Stock Exchange Capitalization Weighted Stock Index and from the National Health Insurance Research Database during 2001/1/1-2007/12/31, which consist of 2556 observations, we examine the effects of stock market on stroke incidence - the level effect and the daily change effects. In general, we find that both a low stock index level and a daily fall in the stock index are associated with greater incidences of stroke. We further partition the data on sex and age. The level effect is found to be significant for either gender, in the 45-64 and 65 ≥ age groups. In addition, two daily change effects are found to be significant for males and the elderly. Although stockholdings can increase wealth, they can also increase stroke incidence, thereby representing a cost to health.

PubMed Disclaimer

References

    1. Avendano M., Glymour M.M. Stroke disparities in older Americans. Stroke. 2008;39:1533–1540. - PMC - PubMed
    1. Barber B.M., Lee Y.T., Liu Y.J., Odean T. Just how much do individual investors lose by trading? Review of Financial Studies. 2009;22:609–632.
    1. Barber B.M., Odean T. Boys will be boys: gender, overconfidence, and common stock investment. Quarterly Journal of Economics. 2001;116:261–292.
    1. Barberis N., Huang M. Mental accounting, loss aversion, and individual stock returns. The Journal of Finance. 2001;56:1247–1292.
    1. Berger K., Schulte H., Stogbauer F., Assmann G. Incidence and risk factors for stroke in an occupational cohort: the PROCAM Study. Stroke. 1998;29:1562–1566. - PubMed

Publication types