✦ LIBER ✦

Does health affect portfolio choice?

✍ Scribed by David A. Love; Paul A. Smith

Publisher: John Wiley and Sons
Year: 2010
Tongue: English
Weight: 181 KB
Volume: 19
Category: Article
ISSN: 1057-9230
DOI: 10.1002/hec.1562

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

A number of recent studies find that poor health is empirically associated with a safer portfolio allocation. It is difficult to say, however, whether this relationship is truly causal. Both health status and portfolio choice are influenced by unobserved characteristics such as risk attitudes, impatience, information, and motivation, and these unobserved factors, if not adequately controlled for, can induce significant bias in the estimates of asset demand equations. Using the 1992–2006 waves of the Health and Retirement Study, we investigate how much of the connection between health and portfolio choice is causal and how much is due to the effects of unobserved heterogeneity. Accounting for unobserved heterogeneity with fixed effects and correlated random effects models, we find that health does not appear to significantly affect portfolio choice among single households. For married households, we find a small effect (about 2–3 percentage points) from being in the lowest of five self‐reported health categories. Copyright © 2009 John Wiley & Sons, Ltd.

📜 SIMILAR VOLUMES

How does cost matter in health-care disc

How does cost matter in health-care discrete-choice experiments?

✍ F. Reed Johnson; Ateesha F. Mohamed; Semra Özdemir; Deborah A. Marshall; Kathryn 📂 Article 📅 2011 🏛 John Wiley and Sons 🌐 English ⚖ 124 KB 👁 2 views

Willingness-to-pay (WTP) estimates derived from discrete-choice experiments (DCEs) generally assume that the marginal utility of income is constant. This assumption is consistent with theoretical expectations when costs are a small fraction of total income. We analyze the results of five DCEs that a

What difference does the choice of SES m

What difference does the choice of SES make in health inequality measurement?

✍ Adam Wagstaff; Naoko Watanabe 📂 Article 📅 2003 🏛 John Wiley and Sons 🌐 English ⚖ 104 KB 👁 1 views

## Abstract This note explores the implications for measuring socioeconomic inequality in health of choosing one measure of SES rather than another. Three points emerge. First, whilst similar rankings in the two the SES measures will result in similar inequalities, this is a __sufficient__ conditio

How does initial treatment choice affect

How does initial treatment choice affect short-term and long-term costs for clinically localized prostate cancer?

✍ Claire F. Snyder; Kevin D. Frick; Amanda L. Blackford; Robert J. Herbert; Bridge 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 181 KB

## Abstract ## BACKGROUND. Data regarding costs of prostate cancer treatment are scarce. This study investigates how initial treatment choice affects short‐term and long‐term costs. ## METHODS. This retrospective, longitudinal cohort study followed prostate‐cancer cases diagnosed in 2000 for 5 y

Discrete choice experiments for complex

Discrete choice experiments for complex health-care decisions: does hierarchical information integration offer a solution?

✍ Debby van Helvoort-Postulart; Benedict G. C. Dellaert; Trudy van der Weijden; Ma 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 168 KB 👁 1 views

## Abstract This paper describes an application of hierarchical information integration (HII) discrete choice experiments. We assessed theoretical and construct validity, as well as internal consistency, to investigate whether HII can be used to investigate complex multi‐faceted health‐care decisio

The impact of pre- and/or probiotics on

The impact of pre- and/or probiotics on human colonic metabolism: Does it affect human health?

✍ Vicky De Preter; Henrike M Hamer; Karen Windey; Kristin Verbeke 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 126 KB

## Abstract Since many years, the role of the colonic microbiota in maintaining the host's overall health and well‐being has been recognized. Dietary modulation of the microbiota composition and activity has been achieved by the use of pre‐, pro‐ and synbiotics. In this review, we will summarize th

Does sitting height ratio affect estimat

Does sitting height ratio affect estimates of obesity prevalence among Canadian Inuit? results from the 2007–2008 Inuit health survey

✍ Tracey Galloway; Marie-Ludivine Chateau-Degat; Grace M. Egeland; T. Kue Young 📂 Article 📅 2011 🏛 John Wiley and Sons 🌐 English ⚖ 236 KB