Fresh Air Eases Work - The Effect of Air Quality on Individual Investor Activity

• Published in: NBER Working Paper Series p. 24048
• Main Authors: Meyer, Steffen, Pagel, Michaela
• Format: Paper
• Language: English
• Published: Cambridge National Bureau of Economic Research, Inc 01.11.2017
• Subjects: Economic theory; Standard deviation

Working Paper No. 24048 This paper shows that air quality has a significantly negative effect on the likelihood of individual investors to sit down, log in, and trade in their brokerage accounts controlling for investor-, weather-, traffic-, and market-specific factors. In perspective, a one standar...