An analysis of the determinants of risk attitudes in Ireland and the United Kingdom

Kieran McQuinn and Nuala O’Donnell
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Nuala O’Donnell: Central Bank and Financial Services Authority of Ireland

No 6/RT/10, Research Technical Papers from Central Bank of Ireland

Abstract: In this paper we avail of new data in studies of financial capability conducted separately in the United Kingdom and Ireland to model the determinants of individuals’ attitudes to risk. These risk attitudes are explored explicitly in the context of savings and investments and are modelled on the basis of socio-economic characteristics such as age, gender, region of residence and educational attainment. Furthermore, we explore the relatively complex relationship between risk attitudes and proxies of individual’s wealth levels in the context of potential reverse causation.

JEL-codes: C81 D14 D81 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2010-05
New Economics Papers: this item is included in nep-eec
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Persistent link: https://EconPapers.repec.org/RePEc:cbi:wpaper:6/rt/10

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