Using individual-level data of antidepressant prescriptions filled and the local bias phenomenon of investors in the United States, we study the effects of stock declines on the psychological health of investors and find that a one standard deviation decrease in local stock returns increases...

We employ individual-level data for antidepressant usage to study the effects of stock market fluctuations on the psychological health of investors. Utilizing the home bias phenomenon of investors, we find that a one standard deviation decrease in local stock returns increases local investors’...

Does working fewer hours lead to better health outcomes? This study answers this question in the context of China’s Workweek Reduction Policy. In 1995, China reduced the weekly working hours of state employees from 48 hours to 40 hours without changing their wages. By using China Health and...