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Health status and portfolio choice: Causality or heterogeneity?

โœ Scribed by Elliott Fan; Ruoyun Zhao


Book ID
116615329
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
217 KB
Volume
33
Category
Article
ISSN
0378-4266

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## 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 att