Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287543 
Year of Publication: 
2021
Citation: 
[Journal:] The Geneva Risk and Insurance Review [ISSN:] 1554-9658 [Volume:] 48 [Issue:] 1 [Publisher:] Palgrave Macmillan UK [Place:] London [Year:] 2021 [Pages:] 31-62
Publisher: 
Palgrave Macmillan UK, London
Abstract: 
Utilizing the longitudinal SOEP data representative of the German population, we find that mental health shocks significantly decrease the willingness to take risks. We also find that mental health improvements increase the willingness to take risks significantly. Our findings are relevant for better understanding the economic decision making of the large number of individuals with mental health issues.
Subjects: 
Willingness to take risks
Health shock
Health improvement
Mental health
SF-12
I12
D12
D18
D81
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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