Titelaufnahme

Titel
Early health, risk aversion and stock market participation / Petri Böckerman (University of Jyväskylä, Labour Institute for Economic Research and IZA), Andrew Conlin (Oulu Business School), Rauli Svento (Oulu Business School) ; IZA Institute of Labor Economics
VerfasserBöckerman, Petri ; Conlin, Andrew ; Svento, Rauli
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, May 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (50 Seiten) : Diagramme
SerieDiscussion paper ; no. 12341
URNurn:nbn:de:hbz:5:2-190695 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Early health, risk aversion and stock market participation [0.65 mb]
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Zusammenfassung (Englisch)

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.