Early health, risk aversion and stock market participation
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 1995–2010. We find that persons predisposed to po...
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ftjyvaeskylaenun:oai:jyx.jyu.fi:123456789/78508 2024-05-19T07:45:54+00:00 Early health, risk aversion and stock market participation Böckerman, Petri Conlin, Andrew Svento, Rauli 2021 application/pdf fulltext http://urn.fi/URN:NBN:fi:jyu-202111055532 eng eng Elsevier BV Journal of Behavioral and Experimental Finance 2214-6350 32 293120 TAY 10.1016/j.jbef.2021.100568 Research Council of Finland Suomen Akatemia Böckerman, P., Conlin, A., & Svento, R. (2021). Early health, risk aversion and stock market participation. Journal of Behavioral and Experimental Finance , 32 , Article 100568. https://doi.org/10.1016/j.jbef.2021.100568 CONVID_101762418 URN:NBN:fi:jyu-202111055532 http://urn.fi/URN:NBN:fi:jyu-202111055532 CC BY 4.0 © 2021 The Author(s). Published by Elsevier B.V. openAccess https://creativecommons.org/licenses/by/4.0/ health status birth weight risk aversion stock market participation käyttäytymistaloustiede henkilökohtainen talous kohorttitutkimus terveydentila syntymäpaino riskinotto osakesijoittaminen article http://purl.org/eprint/type/JournalArticle http://purl.org/coar/resource_type/c_2df8fbb1 publishedVersion A1 2021 ftjyvaeskylaenun 2024-04-23T23:38:28Z 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 1995–2010. 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, with a 10% increase in birth weight associated with a 1.9% increase in probability of participation. The link between birth weight and stock market participation is partially channeled by poor early health status being associated with higher risk aversion. Early health status is not significantly related to risk taking in terms of the stock portfolio’s composition. peerReviewed Article in Journal/Newspaper Northern Finland JYX - Jyväskylä University Digital Archive |
institution |
Open Polar |
collection |
JYX - Jyväskylä University Digital Archive |
op_collection_id |
ftjyvaeskylaenun |
language |
English |
topic |
health status birth weight risk aversion stock market participation käyttäytymistaloustiede henkilökohtainen talous kohorttitutkimus terveydentila syntymäpaino riskinotto osakesijoittaminen |
spellingShingle |
health status birth weight risk aversion stock market participation käyttäytymistaloustiede henkilökohtainen talous kohorttitutkimus terveydentila syntymäpaino riskinotto osakesijoittaminen Böckerman, Petri Conlin, Andrew Svento, Rauli Early health, risk aversion and stock market participation |
topic_facet |
health status birth weight risk aversion stock market participation käyttäytymistaloustiede henkilökohtainen talous kohorttitutkimus terveydentila syntymäpaino riskinotto osakesijoittaminen |
description |
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 1995–2010. 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, with a 10% increase in birth weight associated with a 1.9% increase in probability of participation. The link between birth weight and stock market participation is partially channeled by poor early health status being associated with higher risk aversion. Early health status is not significantly related to risk taking in terms of the stock portfolio’s composition. peerReviewed |
format |
Article in Journal/Newspaper |
author |
Böckerman, Petri Conlin, Andrew Svento, Rauli |
author_facet |
Böckerman, Petri Conlin, Andrew Svento, Rauli |
author_sort |
Böckerman, Petri |
title |
Early health, risk aversion and stock market participation |
title_short |
Early health, risk aversion and stock market participation |
title_full |
Early health, risk aversion and stock market participation |
title_fullStr |
Early health, risk aversion and stock market participation |
title_full_unstemmed |
Early health, risk aversion and stock market participation |
title_sort |
early health, risk aversion and stock market participation |
publisher |
Elsevier BV |
publishDate |
2021 |
url |
http://urn.fi/URN:NBN:fi:jyu-202111055532 |
genre |
Northern Finland |
genre_facet |
Northern Finland |
op_relation |
Journal of Behavioral and Experimental Finance 2214-6350 32 293120 TAY 10.1016/j.jbef.2021.100568 Research Council of Finland Suomen Akatemia Böckerman, P., Conlin, A., & Svento, R. (2021). Early health, risk aversion and stock market participation. Journal of Behavioral and Experimental Finance , 32 , Article 100568. https://doi.org/10.1016/j.jbef.2021.100568 CONVID_101762418 URN:NBN:fi:jyu-202111055532 http://urn.fi/URN:NBN:fi:jyu-202111055532 |
op_rights |
CC BY 4.0 © 2021 The Author(s). Published by Elsevier B.V. openAccess https://creativecommons.org/licenses/by/4.0/ |
_version_ |
1799486026865967104 |