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

页码：156 / 170

页数：15