Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155629
Authors: 
Luik, Marc-André
Year of Publication: 
2016
Series/Report no.: 
Working Paper Series, Helmut Schmidt University Hamburg, Department of Economics 174
Abstract: 
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.
Subjects: 
portfolio choice
human capital
child health
JEL: 
D14
I1
J24
G11
Document Type: 
Working Paper

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