Arbeitspapier
Child health, human capital and adult financial behavior
In this work, utilizing yearly variation between biological siblings, we test for a correlation between poor child health and adult household financial behavior, i.e. risky asset market participation. Using regression and decomposition techniques, we test if this long reach of child health operates through cognitive and non-cognitive skills. Our results indicate a negative correlation of roughly -4.1 percentage points conditional on demographics and family background. Slightly more than half of this correlation can be explained by differences in cognitive and non-cognitive skills. This work highlights the importance of good child health for adult financial behavior.
- Language
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Englisch
- Bibliographic citation
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Series: Diskussionspapier ; No. 174
- Classification
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Wirtschaft
Household Saving; Personal Finance
Human Capital; Skills; Occupational Choice; Labor Productivity
Portfolio Choice; Investment Decisions
- Subject
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portfolio choice
human capital
child health
- Event
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Geistige Schöpfung
- (who)
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Luik, Marc-André
- Event
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Veröffentlichung
- (who)
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Helmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre
- (where)
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Hamburg
- (when)
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2016
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Luik, Marc-André
- Helmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre
Time of origin
- 2016