Do More Risk-Averse Investors Have Lower Net Worth and Income?

Thomas McInish (), Sridhar N Ramaswami and Rajendra K Srivastava

The Financial Review, 1993, vol. 28, issue 1, 91-106

Abstract: This study examines the relationship between attitude toward risk and both net worth and income. The data are obtained from a financial diary kept by a national, scientifically selected sample of more than 3,000 households. Results show that both net worth and income are negatively related to risk aversion. Copyright 1993 by MIT Press.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:bla:finrev:v:28:y:1993:i:1:p:91-106

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