Early Health, Risk Aversion and Stock Market Participation
Abstract
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.
Main Authors
Format
Report
Published
2019
Series
Subjects
Publication in research information system
Publisher
IZA Institute of Labor Economics
Original source
http://ftp.iza.org/dp12341.pdf
The permanent address of the publication
https://urn.fi/URN:NBN:fi:jyu-202001311923Käytä tätä linkitykseen.
Review status
Non-peer reviewed
ISSN
2365-9793
Language
English
Published in
IZA Discussion Papers
Citation
- 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
License
Copyright© The Authors & IZA Institute of Labor Economics, 2019