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Social and Behavioral Sciences Commons

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Pomona Economics

2019

Depression

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Full-Text Articles in Social and Behavioral Sciences

It Is Time To Kill The Economic Theory Of Suicide, Gary N. Smith Jan 2019

It Is Time To Kill The Economic Theory Of Suicide, Gary N. Smith

Pomona Economics

A seminal paper by Hamermesh and Soss modeled suicide as a rational economic decision based on a comparison of the financial costs and benefits of staying alive. Their model is fundamentally flawed and their prediction that suicide rates increase with age is wrong.