Does Risk Tolerance Decrease with Age?

This study examines the effect of age on risk tolerance. The life-cycle investment hypothesis is tested using the 1983-89 panel of the Survey of Consumer Finances. Household wealth is defined as the sum of human capital and net worth. Risk tolerance is measured by the ratio of risky assets to total wealth. Risk tolerance increases with age when other variables are controlled

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Year of publication:	[2011]
Authors:	Wang, Hui
Other Persons:	Hanna, Sherman D. (contributor)
Publisher:	[2011]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Notes:	In: Financial Counseling and Planning, Vol. 8, Issue 2
Other identifiers:	10.2139/ssrn.95489 [DOI]
Classification:	D18 - Consumer Protection ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; G11 - Portfolio Choice
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012715175