Mentions
- Curated in Air Pollution
Stock market returns are lower on polluted days. "This estimate indicates that a one unit increase in PM2.5 decreases the daily percentage returns by 1.7%. Put differently, a one standard deviation increase in PM2.5 decreases the daily percentage returns by 11.9%, a substantial effect on daily NYSE returns." Hayes et al 2016.
Paper
Oct, 2016
