Early Health, Risk Aversion and Stock Market Participation
Böckerman, P., Conlin, A., & Svento, R. (2019). Early Health, Risk Aversion and Stock Market Participation. IZA Institute of Labor Economics. IZA Discussion Papers, 12341. http://ftp.iza.org/dp12341.pdf
Published inIZA Discussion Papers
DisciplinePolitiikkarelevantti taloustiede (painoala)Empirical MicroeconomicsTaloustiedeApplied or integration/application scholarshipPolicy-Relevant Economics (focus area)Empirical MicroeconomicsEconomicsApplied or integration/application scholarship
© The Authors & IZA Institute of Labor Economics, 2019
To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 19952010. We find that persons predisposed to poor health status in early childhood (indicated by low birth weight) avoid participating in the stock market in adulthood. The link between birth weight and stock market participation is partially explained by the fact that poor early health status leads to risk aversion. Early health status is not significantly related to the portfolio’s value-growth tilt.
PublisherIZA Institute of Labor Economics
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Böckerman, Petri; Conlin, Andrew; Svento, Rauli (Elsevier BV, 2021)To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities ...
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