Wealth Shock and Impact of Health on Risk Aversion and Savings
Watson Wyatt Worldwide
Research Reports from Watson Wyatt Worldwide
Abstract:
This paper models the relationship between risk aversion, status of health and changes in savings among older individuals in the UK. Using responses to a unique questionnaire, we show how these factors are correlated with the decline in total savings after the markets crashed in 2000.
Pages: 15
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