What is it about?
This work evaluates the dynamic interconnections between unemployment, economic growth, uncertainty and suicide using a dynamic panel model. Global economic uncertainty is linked to the evolution of the suicide rates in 183 countries between 2000 and 2019.
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Why is it important?
Overall, the analysis suggests that increases in the growth of economic uncertainty and unemployment may lead to increases in suicide rate growth worldwide. When replicating the experiment for different regions and for groups of countries classified according to their level of income, the greatest impact of increases in economic uncertainty is found in upper-middle-income economies.
Perspectives
Given the anticipatory nature of economic uncertainty with respect to the evolution of the economy, and its relationship with suicide rates, the obtained results suggest the usefulness of uncertainty indicators as tools for the early detection of periods of increased suicide risk and for the design of suicide prevention strategies.
Oscar Claveria
AQR-IREA, Univeristy of Barcelona
Read the Original
This page is a summary of: Modelling The Dynamic Interaction Between Economic Uncertainty, Growth, Unemployment And Suicide, SSRN Electronic Journal, January 2022, Elsevier,
DOI: 10.2139/ssrn.4148762.
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