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RISK ATTITUDES ACROSS THE LIFE COURSE
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI). Maastricht University, The Netherlands.
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Number of Authors: 52017 (English)In: Economic Journal, ISSN 0013-0133, E-ISSN 1468-0297, Vol. 127, no 605, p. F95-F116Article in journal (Refereed) Published
Abstract [en]

This article investigates how risk attitudes change over the life course. We study the age trajectory of risk attitudes all the way from early adulthood until old age, in large representative panel data sets from the Netherlands and Germany. Age patterns are generally difficult to identify separately from cohort or calendar period effects. We achieve identification by replacing calendar period indicators with controls for the specific underlying factors that may change risk attitudes across periods. The main result is that willingness to take risks decreases over the life course, linearly until approximately age 65 after which the slope becomes flatter.

Place, publisher, year, edition, pages
2017. Vol. 127, no 605, p. F95-F116
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-180151DOI: 10.1111/ecoj.12322ISI: 000418017100005OAI: oai:DiVA.org:su-180151DiVA, id: diva2:1416743
Available from: 2020-03-25 Created: 2020-03-25 Last updated: 2020-03-25Bibliographically approved

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