Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 955-992 |
| Number of pages | 38 |
| Journal | Review of Finance |
| Volume | 17 |
| Issue number | 3 |
| DOIs | |
| State | Published - 2013 |
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Bibliographical note
Cited By :13Export Date: 26 December 2018
Correspondence Address: Bogan, V.L.; Cornell UniversityUnited States
Cite this
Portfolio choice and mental health. / Bogan, V.L.; Fertig, A.R.
In: Review of Finance, Vol. 17, No. 3, 2013, p. 955-992.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Portfolio choice and mental health
AU - Bogan, V.L.
AU - Fertig, A.R.
N1 - Cited By :13 Export Date: 26 December 2018 Correspondence Address: Bogan, V.L.; Cornell UniversityUnited States
PY - 2013
Y1 - 2013
N2 - Close to 30% of the US population experiences at least one mental or substance abuse disorder each year. Given the prevalence of mental health issues, this paper analyzes the role of mental health and cognitive functioning in household portfolio choice decisions. Generally, we find that households affected by mental health issues decrease investments in risky instruments. Various mental health issues can reduce the probability of holding risky assets by up to 19%. Moreover, single women diagnosed with psychological disorders increase investments in safe assets. We also find that cognitive functioning issues are associated with an increase in financial assets devoted to retirement accounts. © 2012 The Authors 2012. Published by Oxford University Press on behalf of the European Finance Association. All right reserved. For Permissions, please email: journals.permissions@oup.com.
AB - Close to 30% of the US population experiences at least one mental or substance abuse disorder each year. Given the prevalence of mental health issues, this paper analyzes the role of mental health and cognitive functioning in household portfolio choice decisions. Generally, we find that households affected by mental health issues decrease investments in risky instruments. Various mental health issues can reduce the probability of holding risky assets by up to 19%. Moreover, single women diagnosed with psychological disorders increase investments in safe assets. We also find that cognitive functioning issues are associated with an increase in financial assets devoted to retirement accounts. © 2012 The Authors 2012. Published by Oxford University Press on behalf of the European Finance Association. All right reserved. For Permissions, please email: journals.permissions@oup.com.
U2 - 10.1093/rof/rfs016
DO - 10.1093/rof/rfs016
M3 - Article
VL - 17
SP - 955
EP - 992
JO - Review of Finance
JF - Review of Finance
SN - 1572-3097
IS - 3
ER -