Research Article
Does the Volatility of Stock Market have an Impact on Social Security? An Empirical Study Based on American Stock Index and Crime Data from 1068 Counties
@INPROCEEDINGS{10.4108/eai.17-6-2022.2322632, author={Tongzhou Gu}, title={Does the Volatility of Stock Market have an Impact on Social Security? An Empirical Study Based on American Stock Index and Crime Data from 1068 Counties}, proceedings={Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2022, Qingdao, China}, publisher={EAI}, proceedings_a={ICIDC}, year={2022}, month={10}, keywords={stock market volatility; society security; crime rate; econometrics; regression analysis}, doi={10.4108/eai.17-6-2022.2322632} }- Tongzhou Gu
Year: 2022
Does the Volatility of Stock Market have an Impact on Social Security? An Empirical Study Based on American Stock Index and Crime Data from 1068 Counties
ICIDC
EAI
DOI: 10.4108/eai.17-6-2022.2322632
Abstract
The stock market is a barometer and wind vane of the country's social economy. Therefore, the volatility of the stock is closely related to the stability of our society. Based on the data of the American stock market and crime from 2005 to 2018, this study aims to find out whether the volatility of the stock market has an impact on residents' criminal behaviors by regression method. The results indicate that the stock market volatility has a significant impact on residents' crimes, especially on violent crimes, but it makes no major impact on property crimes. Meanwhile, the stock market volatility demonstrates a delayed effect on crime. However, the per capita income (PCI) and its growth rate have no considerable effect on crime rate. The findings in our study can be beneficial for the formulation and implementation of social security policy.