We study the impact of the business cycle on mental wellbeing by linking rich German survey data to over a decade of detailed gross domestic product information. Endogeneity concerns are tackled using a shift-share instrumental variables approach in which exposure to macroeconomic fluctuations...

After the introduction of abuse-deterrent OxyContin in 2010, states with widespread extramedical OxyContin use experienced steep increases in heroin deaths, implying substitution from OxyContin to heroin. Leveraging cross-state variation in initial OxyContin utilization, we show the OxyContin...