September 8, 2016
U.S. highway fatalities rose 7.2 percent last year, the highest spike since 1966 according to the National Highway Traffic Safety Administration. Coincidentally, new research in the Journal of Risk and Uncertainty, titled “Did the Great Recession Keep Bad Drivers Off the Road?,” concludes that every one percentage point increase in unemployment during the Great Recession accounted for a 14 percent decline in traffic fatalities.
In 2009, socionomist Euan Wilson showed a strong link between traffic fatalities and the stock market. Yet the correlation doesn’t stop there: Speed limits, auto designs and road deaths all swing dramatically with negative and positive trends in social mood.
Read an excerpt of “Roads and Recessions: A Socionomic Analysis of Cars and Travel”
If you look closely, you can see patterns in social mood that help you predict social behaviors. To learn more about our flagship publication, The Socionomist, Click here >>