When the market drives you crazy: Stock market returns and fatal car accidents

Giulietti, Corrado; Tonin, Mirco; Vlassopoulos, Michael

doi:10.1016/j.jhealeco.2019.102245

Cited by 33 publications

(26 citation statements)

References 60 publications

(52 reference statements)

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“…Second, factors associated with the pandemic have had an impact on driving behaviour. Distraction, due to worrying about family members who are ill 8 or due to economic uncertainty and financial worries, 9-11 has been associated with increased risk of MVC. Changes in drinking patterns have also occurred during the pandemic.…”

Section: Introductionmentioning

confidence: 99%

Empty Streets, Speeding and Motor Vehicle Collisions during Covid-19 Lockdowns: Evidence from Northern Ireland

Vandoros

Papailias

2021

Preprint

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Covid-19 and lockdowns have had spillover effects on other health outcomes. Motor vehicle collisions (MVC) are likely to have been affected by the pandemic due to, among others, less traffic volume and speeding on empty streets. This paper studies the impact of the pandemic on MVCs in Northern Ireland. Using monthly data on injuries and deaths, we find a steep decline in slight and serious injuries compared to what would have been expected in the absence of the pandemic. However, we find no effect on the number of deaths. Based on data from speeding tickets, a plausible explanation for the differential effect on the number of injuries and deaths is speeding on empty streets during the pandemic.

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Section: Introductionmentioning

confidence: 99%

Empty Streets, Speeding and Motor Vehicle Collisions during Covid-19 Lockdowns: Evidence from Northern Ireland

Vandoros

Papailias

2021

Preprint

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“…Our baseline results are robust to different specifications of the municipal political cycle and to trends at the provincial (i.e., commuting routes) and local labor market level (i.e., employment rates) to exclude the possibility that the election year effect is due to a change in the likelihood of driving more (as in Parry, 2004;Miller et al 2009;Bertoli et al 2018;Giulietti et al, 2018) rather than changes in law enforcement, as we argue. Our findings are also robust to controlling for spatial dependence in the error term due to unmeasured factors correlated across space and affecting the frequency and severity of road crashes (e.g., traffic spillovers).…”

Section: Introductionmentioning

confidence: 94%

The Political Cycle of Road Traffic Accidents

Bertoli

Grembi

2018

SSRN Journal

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Road traffic accidents mean lost productivity and medical expenditures. We explain trends in traffic accidents as a function of the political cycle using municipal data from Italy. We show that during municipal election years, the accident rate increases by 1.5%, with a 2% increase in the injury rate but no effect on the fatality rate. The effects are stronger in the two quarters prior to the election quarter, when the electoral campaign is at its zenith, and in the second quarter after the election, when the elected mayor takes office. We argue that this is the result of a decrease in ticket rates during election years, while expenditures in road safety increases. Our results are robustly driven by the municipal political cycle defined in different ways, and their magnitude and direction are not explained by spillover effects between municipalities. Proximity to a national police station reduces the impact of local elections on injury rates.

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“…[8][9] Fourth, previous research suggests that financial worries and economic uncertainty are associated with car crashes, possibly due to distraction, frustration and lack of sleep. [10][11][12] Inequality and financial issues may affect reduce social cohesion 13 and make individuals act more selfishly. 14 Fifth, worrying about loved ones who have Covid-19 may also cause distraction, thus leading to car crashes.…”

Section: Introductionmentioning

confidence: 99%

Covid-19, Lockdowns and Motor Vehicle Collisions: Empirical Evidence from Greece

Vandoros

2021

Preprint

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Reduced mobility during Covid-19 lockdowns means fewer vehicles at risk of collision, but also an opportunity to speed on empty streets. Other collision risk factors that have changed during the pandemic include alcohol consumption, sleeping patterns, distraction, unemployment and economic uncertainty. Evidence on the impact of the Covid-19 pandemic on motor vehicle collisions is scarce, as such statistics are often released with a delay. The objective of this paper is to examine the impact of the first wave of the pandemic and the first lockdown on motor vehicle collisions and associated injuries and deaths in Greece. Using monthly data at the regional unit level, I provide descriptive evidence and subsequently follow a difference-in-difference econometric approach, comparing trends in 2020 to those of the previous five years while controlling for unemployment and petrol prices. I found a steep decline in collisions, injuries and deaths compared to what would have been otherwise expected. In March and April 2020, there were about 1,226 fewer collisions, 72 fewer deaths, 40 fewer serious injuries and 1,426 fewer minor injuries compared to what would have been expected in the absence of the pandemic.

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When the market drives you crazy: Stock market returns and fatal car accidents

Cited by 33 publications

References 60 publications

Empty Streets, Speeding and Motor Vehicle Collisions during Covid-19 Lockdowns: Evidence from Northern Ireland

Empty Streets, Speeding and Motor Vehicle Collisions during Covid-19 Lockdowns: Evidence from Northern Ireland

The Political Cycle of Road Traffic Accidents

Covid-19, Lockdowns and Motor Vehicle Collisions: Empirical Evidence from Greece

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