Title: Child health, human capital and adult financial behavior
Authors: Luik, Marc-André 
Language: eng
Issue Date: 2016
Other: Dewenter, Ralf
Publisher: Helmut-Schmidt-Universität / Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre
Document Type: Working Paper
Journal / Series / Working Paper (HSU): Diskussionspapier / Helmut-Schmidt-Universität / Fächergruppe Volkswirtschaftslehre 
Issue: 174
Publisher Place: 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.
Organization Units (connected with the publication): VWL, insb. Industrieökonomik 
URL: http://hdl.handle.net/10419/155629
Appears in Collections:2016

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