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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ftzbwkiel:oai:econstor.eu:10419/202687 2023-12-31T10:21:11+01:00 Early Health, Risk Aversion and Stock Market Participation Böckerman, Petri Conlin, Andrew Svento, Rauli 2019 http://hdl.handle.net/10419/202687 eng eng Bonn: Institute of Labor Economics (IZA) Series: IZA Discussion Papers No. 12341 gbv-ppn:1665984392 http://hdl.handle.net/10419/202687 RePEc:iza:izadps:dp12341 http://www.econstor.eu/dspace/Nutzungsbedingungen ddc:330 I10 G11 health status birth weight stock market participation doc-type:workingPaper 2019 ftzbwkiel 2023-12-04T00:44:32Z 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. 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. Report Northern Finland EconStor (German National Library of Economics, ZBW) |
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Open Polar |
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EconStor (German National Library of Economics, ZBW) |
op_collection_id |
ftzbwkiel |
language |
English |
topic |
ddc:330 I10 G11 health status birth weight stock market participation |
spellingShingle |
ddc:330 I10 G11 health status birth weight stock market participation Böckerman, Petri Conlin, Andrew Svento, Rauli Early Health, Risk Aversion and Stock Market Participation |
topic_facet |
ddc:330 I10 G11 health status birth weight stock market participation |
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. 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. |
format |
Report |
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 |
Bonn: Institute of Labor Economics (IZA) |
publishDate |
2019 |
url |
http://hdl.handle.net/10419/202687 |
genre |
Northern Finland |
genre_facet |
Northern Finland |
op_relation |
Series: IZA Discussion Papers No. 12341 gbv-ppn:1665984392 http://hdl.handle.net/10419/202687 RePEc:iza:izadps:dp12341 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
_version_ |
1786831867521007616 |