EconPapers    
Economics at your fingertips  
 

Mental Health and Asset Choices

Maarten Lindeboom () and Mariya Melnychuk ()

Annals of Economics and Statistics, 2015, issue 119-120, 65-94

Abstract: This paper analyses the impact of mental health problems on the elderly households' decision to invest in risky financial assets. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to look at the association between depression and the holding of risky assets. The results show that suffering symptoms of depression lowers the probability of acquiring risky financial assets, such as stocks and shares. We argue that disparities in cognition, life expectancy and perception may explain these systematic differences between the depressed and the non-depressed. We provide evidence that disparities in perception are the most plausible mechanism behind this association.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/10.15609/annaeconstat2009.119-120.65 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2015:i:119-120:p:65-94

DOI: 10.15609/annaeconstat2009.119-120.65

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().

 
Page updated 2025-03-19
Handle: RePEc:adr:anecst:y:2015:i:119-120:p:65-94