当不确定性很重要时：加密货币投资对退休困难取款的因果效应

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-08-08 DOI:10.1016/j.frl.2024.105952

Zefeng Bai , Pengcheng Wang , Hengwei Zhang

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引用次数: 0

摘要

约有 15% 的美国家庭投资加密货币。然而，这些资产的高波动性带来了巨大的金融风险，尤其是 40% 的美国家庭已经面临潜在的退休资金短缺问题。因此，本研究旨在调查加密货币投资对退休借款的影响。我们对 1,912 名受访者进行的因果分析表明，加密货币投资者从其退休账户中进行困难提款的可能性要高出 7.4%。本研究通过强调与加密货币投资相关的潜在金融风险，为研究人员和从业人员管理退休账户提供了启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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When uncertainties matter: The causal effect of cryptocurrency investment on retirement hardship withdrawals

Cryptocurrencies are invested in by approximately 15% of U.S. households. However, the high volatility of these assets poses substantial financial risks, particularly as 40% of U.S. households already face potential retirement shortages. Therefore, the present study aims at investigating the impact of cryptocurrency investment on retirement borrowing. Our causal analysis of 1,912 respondents revealed that cryptocurrency investors are 7.4% more likely to make a hardship withdrawal from their retirement accounts. This study provides insights for researchers and practitioners on managing retirement accounts by highlighting the potential financial risks associated with cryptocurrency investments.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance