Citation

Chang T, Chen WY. Economic Systems 2017; 41(2): 266-278.

Copyright

(Copyright © 2017)

DOI

10.1016/j.ecosys.2016.06.004

PMID

unavailable

Abstract

This study employs the linear and nonlinear ARDL cointegration methodologies to examine the potential symmetric and asymmetric responses of suicide rates to unemployment rates in the US from 1928 to 2013. Our results suggest that suicide rates are pro-cyclical with respect to the business cycle (measured by changes in the unemployment rate) after extensively controlling for divorce and fertility rates. Unemployment has symmetric long-run effects on the age-adjusted suicide rate and four age-specific (from ages 25-34 to 55-64) suicide rates, while the effect of an economic expansion on suicide rates for those aged over 45 is greater than the effect of an economic recession. These findings imply that the effect of an economic expansion on the decrease of the suicide rate is higher than the effect of an economic recession on the increase of the suicide rate for individuals aged over 45. Therefore, intervention designed to reduce suicidal behaviors should emphasize periods of economic recession more than periods of economic expansion for those of middle age and beyond. © 2017 Elsevier B.V.

Language: en

Keywords

ARDL model; Asymmetry; NARDL model; Suicide; Unemployment