生命历程中的风险态度

IF 3.8 2区经济学 Q1 ECONOMICS

Economic Journal Pub Date : 2017-10-24 DOI:10.1111/ecoj.12322

Thomas Dohmen, Armin Falk, Bart H. H. Golsteyn, David Huffman, Uwe Sunde

{"title":"生命历程中的风险态度","authors":"Thomas Dohmen, Armin Falk, Bart H. H. Golsteyn, David Huffman, Uwe Sunde","doi":"10.1111/ecoj.12322","DOIUrl":null,"url":null,"abstract":"<p>This article investigates how risk attitudes change over the life course. We study the age trajectory of risk attitudes all the way from early adulthood until old age, in large representative panel data sets from the Netherlands and Germany. Age patterns are generally difficult to identify separately from cohort or calendar period effects. We achieve identification by replacing calendar period indicators with controls for the specific underlying factors that may change risk attitudes across periods. The main result is that willingness to take risks decreases over the life course, linearly until approximately age 65 after which the slope becomes flatter.</p>","PeriodicalId":48448,"journal":{"name":"Economic Journal","volume":"127 605","pages":"F95-F116"},"PeriodicalIF":3.8000,"publicationDate":"2017-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/ecoj.12322","citationCount":"156","resultStr":"{\"title\":\"Risk Attitudes Across The Life Course\",\"authors\":\"Thomas Dohmen, Armin Falk, Bart H. H. Golsteyn, David Huffman, Uwe Sunde\",\"doi\":\"10.1111/ecoj.12322\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This article investigates how risk attitudes change over the life course. We study the age trajectory of risk attitudes all the way from early adulthood until old age, in large representative panel data sets from the Netherlands and Germany. Age patterns are generally difficult to identify separately from cohort or calendar period effects. We achieve identification by replacing calendar period indicators with controls for the specific underlying factors that may change risk attitudes across periods. The main result is that willingness to take risks decreases over the life course, linearly until approximately age 65 after which the slope becomes flatter.</p>\",\"PeriodicalId\":48448,\"journal\":{\"name\":\"Economic Journal\",\"volume\":\"127 605\",\"pages\":\"F95-F116\"},\"PeriodicalIF\":3.8000,\"publicationDate\":\"2017-10-24\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1111/ecoj.12322\",\"citationCount\":\"156\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economic Journal\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/ecoj.12322\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Journal","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ecoj.12322","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 156

摘要

这篇文章调查了人们对风险的态度在一生中是如何改变的。我们研究了风险态度的年龄轨迹，从成年早期一直到老年，在荷兰和德国的大型代表性面板数据集中。年龄模式通常很难与队列或日历期效应分开识别。我们通过对可能在不同时期改变风险态度的具体潜在因素的控制来取代日历期间指标，从而实现识别。主要结果是，冒险的意愿在整个生命过程中呈线性下降，直到大约65岁，之后斜率变得平缓。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Risk Attitudes Across The Life Course

This article investigates how risk attitudes change over the life course. We study the age trajectory of risk attitudes all the way from early adulthood until old age, in large representative panel data sets from the Netherlands and Germany. Age patterns are generally difficult to identify separately from cohort or calendar period effects. We achieve identification by replacing calendar period indicators with controls for the specific underlying factors that may change risk attitudes across periods. The main result is that willingness to take risks decreases over the life course, linearly until approximately age 65 after which the slope becomes flatter.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Economic Journal ECONOMICS-

CiteScore

6.60

自引率

3.10%

发文量

期刊介绍： The Economic Journal is the Royal Economic Society''s flagship title, and is one of the founding journals of modern economics. Over the past 125 years the journal has provided a platform for high quality and imaginative economic research, earning a worldwide reputation excellence as a general journal publishing papers in all fields of economics for a broad international readership. It is invaluable to anyone with an active interest in economic issues and is a key source for professional economists in higher education, business, government and the financial sector who want to keep abreast of current thinking in economics.