We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial … are more likely to invest in the stock market. However, little is known about whether this is a causal effect of education … or whether it arises from the correlation of education with unobserved characteristics. Using exogenous variation in …

the lifecycle, education, social benefits take-up, and adult mortality. For this purpose, we have linked a unique dataset … enables us to study how the impact of birth weight on income and education of young adults has changed across cohorts born …