We find that mortality increases following the arrival of monthly Social Security payments, regular wage payments for military personnel, the 2001 tax rebates, and Alaska Permanent Fund dividend payments. The increase in short-run mortality is large, potentially eliminating some of the protective benefits of additional income.
If you haven’t seen Alaska retail around PFD time, you’re missing quite the spectacle. Big TVs, cars, guns, snow machines, booze — it all goes out the door so fast it makes your head spin… at which point you crash your car and die.
But I’ll take my chances this year, just like the last 7 years.