Publications Office of the EU
Life-cycle risk-taking with personal disaster risk
DisplayCustomHeader
MyPortal
eesti keel
BasketSummary
Veebisisu kuva
Publication Detail Actions Portlet

Utiliidid

Publication Detail Actions Portlet
 Kasutaja hinnang
custom-survey-notification
Publication Detail Portlet

Publication detail

Home

Life-cycle risk-taking with personal disaster risk

Väljaande metaandmed

This paper examines households’ self-insurance in financial markets when a rare personal disaster, such as disability or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment choices, even if most workers will not experience a disaster. Uncertainty about the size of human capital losses, which characterizes rare disasters, results in lower risk-taking at the beginning of working life, and is crucial in order to match the observed age profiles of US investors from 1992 to 2016.
Näita rohkem
Näita vähem
ISSN 2467-0677
ISBN 978-92-9472-239-3
DOI 10.2849/095447
Katalooginumber DT-AD-21-019-EN-N
PDF
ISSN 2467-0677 ISBN 978-92-9472-239-3 DOI 10.2849/095447 Katalooginumber DT-AD-21-019-EN-N
  • Released on EU publications website:
Publication Viewer

Dokumendivaataja

Pop up window annotations