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Wealth Shock and Impact of Health on Risk Aversion and Savings

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  • Watson Wyatt Worldwide

Abstract

This 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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  • Watson Wyatt Worldwide, "undated". "Wealth Shock and Impact of Health on Risk Aversion and Savings," Research Reports 8, Watson Wyatt Worldwide.
  • Handle: RePEc:www:resrep:8
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