Wealth Shock and Impact of Health on Risk Aversion and Savings
AbstractThis paper models the relationship between risk aversion, status of health and changes in savings among older individuals in the UK. Using responses to a unique questionnaire, we show how these factors are correlated with the decline in total savings after the markets crashed in 2000.
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Bibliographic InfoPaper provided by Watson Wyatt Worldwide in its series Research Reports with number 8.
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