Higher minimum wages linked to reduced suicide rate
In the US, suicide is a major public health issue, with double-digit percentages of the preventable deaths for adults under 45. And, disconcertingly, the rates have been rising over recent decades. But recognizing this as a source of preventable deaths is very different from actually figuring out how to prevent them.
One of the challenges is that a variety of factors feed into the depression and stress that are associated with suicide, so identifying which ones play the most significant roles, and figuring out how to address them, is a challenge. A number of studies, however, have indicated that financial stressors are a significant contributor. And a few recent studies have suggested a public policy that can reduce financial stress does seem to have an influence on suicide rates: the minimum wage.
Now, researchers from Emory University have followed those up with a comprehensive look at the correlations between suicide rate and minimum wage laws. They find that the correlation does hold up, but only among those with a high school education or less, and only during times of high unemployment.
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