Relative risk aversion among the elderly

Review of Financial Economics

Volumn 13, Issue 3, 2004, Pages 269-281

  Bellante, Don ^a   Green, Carole A ^a  

^a UNIVERSITY OF SOUTH FLORIDA   (United States)

Author keywords

Elderly; Risk aversion; Wealth allocation

Indexed keywords

EID: 2342443887     PISSN: 10583300     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.rfe.2003.09.010     Document Type: Article

References (26)

1. Able A. Will bequests attenuate the predicted meltdown in stock prices when baby boomers retire? Review of Economic Statistics 83 2001 589-595
2. Arrow K.J. Essays in the theory of risk bearing 1971 Markham Publishing Chicago
3. Barsky R.B. Juster F.T. Kimball M.S. Shapiro M.D. Preference parameters and behavioral heterogeneity: An experimental approach in the health and retirement study Quarterly Journal of Economics 112 1997 537-579
4. Bellante D. Saba R.P. Human capital and life cycle effects on risk aversion Journal of Financial Research 9 1986 41-51
5. Bernheim B.D. Shleifer A. Summers L. The strategic bequest motive Journal of Political Economy 93 1985 1045-1076
6. Brooks R. Asset-market effects of the baby boom and social-security reform American Economic Review 92 2002 402-406
7. Browning M. Lusardi A. Household saving: Micro theories and micro facts Journal of Economic Literature 34 1996 1797-1855
8. Charles K.K. Hurst E. The transition to home ownership and the Black-White wealth gap Review of Economics and Statistics 85 2002 281-297
9. Cohn R.A. Lewellen W.G. Lease R.C. Schlarbaum G.C. Individual investor risk aversion and investment portfolio composition Journal of Finance 30 1975 605-620
10. Fama E.F. Schwert G.W. Human capital and market equilibrium Journal of Financial Economics 4 1977 95-125
11. Friend I. Blume M.E. The demand for risky assets American Economic Review 65 1975 900-921
12. Halek M. Eisenhauer J.G. Demography of risk aversion Journal of Risk and Insurance 68 2001 1-24
13. Hartog J. Ferrer-i-Carbonell A. Jonker N. Linking measured risk aversion to individual characteristics Kyklos 55 2002 3-26
14. Hurd M.D. Research on the elderly: Economic status, retirement, and consumption and saving Journal of Economic Literature 28 1990 565-637
15. Hurd M.D. Rogers W.L. Soldo B.J. Wallace R.B. Asset and Health Dynamics Among the Oldest Old: An overview of the AHEAD survey. HRS/AHEAD Documentation Report 1994 Institute for Social Research Ann Arbor, MI
16. Jianakoplos N.A. Bernasek A. Are women more risk averse? Economic Inquiry 36 1998 620-630
17. Liberman J. Human capital and the financial capital market Journal of Business 53 1980 165-191
18. Morin R.A. Suarez A.F. Risk aversion revisited Journal of Finance 38 1983 1201-1216
19. Poterba J.A. Demographic structure and asset returns Review of Economics and Statistics 83 2001 565-584
20. Poterba J.A. Samrick A.A. Household portfolio allocation over the life cycle (Working Paper 6185) 1997 National Bureau of Economic Research Cambridge, MA
21. Pratt J.W. Risk aversion in the small and in the large Econometrica 32 1964 122-136
22. Riley W.B. Jr. Chow K.V. Asset allocation and individual risk aversion Financial Analysts Journal 1992, Nov.-Dec. 32-37
23. Siegel F.W. Hoban J.P. Jr. Relative risk aversion revisited Review of Economics and Statistics 64 1982 481-487
24. Stiglitz J.E. The effects of income, wealth, and capital gains taxation on risk-taking Quarterly Journal of Economics 83 1969 263-283
25. Straight R.L. Wealth: Asset-accumulation differences by Race-SCF data, 1995 and 1998 American Economic Review 92 2002 330-334
26. Vissing-Jogensen A. Limited asset market participation and the elasticity of intertemporal substitution Journal of Political Economy 2002 825-853