Child Health, Human Capital and Adult Financial Behavior
Marc-André Luik ()
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Marc-André Luik: Helmut Schmidt University, Hamburg, Postal: Holstenhofweg 85, 22043 Hamburg
No 174/2016, 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
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Persistent link: https://EconPapers.repec.org/RePEc:ris:vhsuwp:2016_174
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