Child Health, Human Capital and Adult Financial Behavior
Marc-André Luik ()
No 174/2013, Working Paper from Helmut Schmidt University, Hamburg
In this work, utilizing yearly variation between biological siblings, we test for a correlation between poor child health and adult household financial behavior, i.e. risky asset market participation. Using regression and decomposition techniques, we test if this long reach of child health operates through cognitive and non-cognitive skills. Our results indicate a negative correlation of roughly -4.1 percentage points conditional on demographics and family background. Slightly more than half of this correlation can be explained by differences in cognitive and non-cognitive skills. This work highlights the importance of good child health for adult financial behavior.
Keywords: Portfolio choice; human capital; child health (search for similar items in EconPapers)
JEL-codes: D14 G11 J24 (search for similar items in EconPapers)
Pages: 42 pages
New Economics Papers: this item is included in nep-hea
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://www.hsu-hh.de/fgvwl/index_E1roCH0YHoHTJpmJ.html Full text (application/pdf)
Journal Article: Child health, human capital, and adult financial behavior (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:vhsuwp:2013_174
Access Statistics for this paper
More papers in Working Paper from Helmut Schmidt University, Hamburg Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Bekcmann ().