Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/202687 
Year of Publication: 
2019
Series/Report no.: 
IZA Discussion Papers No. 12341
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995-2010. We find that persons predisposed to poor health status in early childhood (indicated by low birth weight) avoid participating in the stock market in adulthood. The link between birth weight and stock market participation is partially explained by the fact that poor early health status leads to risk aversion. Early health status is not significantly related to the portfolio's value-growth tilt.
Subjects: 
health status
birth weight
stock market participation
JEL: 
I10
G11
Document Type: 
Working Paper

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