Health shocks and risk aversion

被引：83

作者：

Decker, Simon ^{[1
,2
,3
]}

Schmitz, Hendrik ^{[2
,4
,5
]}

机构：

[1] Univ Duisburg Essen, Duisburg, Germany

[2] CINCH Hlth Econ Res Ctr, Room WST-C-14-10,Weststadtturme Berliner Pl 6-8, D-45127 Essen, Germany

[3] Ruhr Grad Sch Econ RGS Econ, Essen, Germany

[4] Univ Paderborn, Paderborn, Germany

[5] RWI Essen, Essen, Germany

来源：

JOURNAL OF HEALTH ECONOMICS | 2016年 / 50卷

关键词：

Risk preferences; Health shocks; Hand grip strength; Objective health; Regression-adjusted matching; GRIP STRENGTH; HANDGRIP STRENGTH; BASE-LINE; LONG-TERM; PREFERENCES; DETERMINANTS; ADAPTATION; DISABILITY; MORTALITY; INFERENCE;

D O I：

10.1016/j.jhealeco.2016.09.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We empirically assess whether a health shock influences individual risk aversion. We use grip strength data to obtain an objective health shock indicator. In order to account for the non-random nature of our data regression-adjusted matching is employed. Risk preferences are traditionally assumed to be constant. However, we find that a health shock increases individual risk aversion. The finding is robust to a series of sensitivity analyses and persists for at least four years after the shock. Income changes do not seem to be the driving mechanism. (C) 2016 Elsevier B.V. All rights reserved.

引用

收藏

页码：156 / 170

页数：15

相关论文

共 50 条

[21] Producer risk aversion and participation in agricultural cooperatives [J].

Franken, Jason R. V. ;

Cook, Michael L. ;

Pennings, Joost M. E. .

JOURNAL OF CO-OPERATIVE ORGANIZATION AND MANAGEMENT, 2022, 10 (02)

[22] Collective risk aversion [J].

Jouini, Elyes ;

Napp, Clotilde ;

Nocetti, Diego .

SOCIAL CHOICE AND WELFARE, 2013, 40 (02) :411-437

[23] The origin of risk aversion [J].

Zhang, Ruixun ;

Brennan, Thomas J. ;

Lo, Andrew W. .

PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA, 2014, 111 (50) :17777-17782

[24] Farmers' risk aversion, loss aversion and climate change adaptation strategies in Wushen Banner, China [J].

Jin, Jianjun ;

Tong Xuhong ;

Wan, Xinyu ;

He, Rui ;

Kuang, Foyuan ;

Ning, Jing .

JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT, 2020, 63 (14) :2593-2606

[25] Risk aversion and inequity aversion in demand for unemployment benefits [J].

Backus, Peter G. ;

Esteller-More, Alejandro .

INTERNATIONAL TAX AND PUBLIC FINANCE, 2017, 24 (02) :198-220

[26] Gender differences in risk aversion: Evidence from private pension system in Türkiye [J].

Durmaz-Bodur, Nursel ;

Dudu, Selda ;

Bozkus, S. Cihan ;

Elveren, Adem Y. .

WOMENS STUDIES INTERNATIONAL FORUM, 2023, 101

[27] The effects of health shocks on risk preferences: Do personality traits matter? [J].

Rice, Nigel ;

Robone, Silvana .

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2022, 204 :356-371

[28] Production risk, risk aversion and the determination of risk attitudes among Spanish rice producers [J].

Picazo-Tadeo, Andres J. ;

Wall, Alan .

AGRICULTURAL ECONOMICS, 2011, 42 (04) :451-464

[29] Can Households Cope with Health Shocks in Vietnam? [J].

Mitra, Sophie ;

Palmer, Michael ;

Mont, Daniel ;

Groce, Nora .

HEALTH ECONOMICS, 2016, 25 (07) :888-907

[30] Pesticide Use and Risk Aversion in the French Wine Sector [J].

Aka, Joel ;

Ugaglia, Adeline Alonso ;

Lescot, Jean-Marie .

JOURNAL OF WINE ECONOMICS, 2018, 13 (04) :451-460

← 1 2 3 4 5 →