McInerney, Melissa; Mellor, Jennifer M.; Nicholas, … - CESifo - 2013
How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well …-being on health use identification strategies involving income increases; these studies as well as prior research on stock … market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation …