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Killer paydays theory makes ‘cents’ to Notre Dame prof Jun 22, 2011 // Christian ReynoldsNo Comments »Whatever day of the week is your payday … just don’t get TOO excited about that check!
A Notre Dame economics professor claims people are more likely to die on or shortly after they’re paid … but why?
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The new study says more money equals more economic activity across the board. Activities like going out for a cocktail or taking a road trip. And these activities could turn deadly.
“I am happy about Friday, yea,” said Adam Hacker from South Bend. A toast to the end of the work week.
“Fridays is a good day for us, a lot of people get paid, they like to come in, blow off some steam and have a few drinks,” said Rick Stoner from O’Rourke’s Public House in South Bend.
And that’s just what can turn into a double whammy if it’s also payday.
“It’s just an interesting fact that having money in your pocket seems to encourage you to do things that might not be so good for your health,” said Notre Dame professor Bill Evans.
Drilling down on the study
Evans spent three years studying millions of U.S. death records. And the results?
Mortality rates increased the week after people get paid.
“It’s a lot of accidents, heart attacks and substance abuse deaths as well, Evans said. Roughy 20 percent of “payday deaths” are connected to drugs and alcohol.
Besides substance abuse, the study shows heart attacks and car accidents were other factors leading to death. Evans also found “death after payday” increased for young and old, low and high incomes, married and single and males and females.
Evans’ entire study will be published in the Journal of Public Economics.
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