Mental health changes and the willingness to take risks

Referierte Aufsätze Web of Science

Lu Li, Andreas Richter, Petra Steinorth

In: The Geneva Risk and Insurance Review 48 (2023), 1, 31-62

Abstract

Utilizing the longitudinal SOEP data representative of the German population, we find that mental health shocks significantly decrease the willingness to take risks. We also find that mental health improvements increase the willingness to take risks significantly. Our findings are relevant for better understanding the economic decision making of the large number of individuals with mental health issues.



Keywords: Willingness to take risks; Health shock; Health improvement; Mental health; SF-12
Externer Link:
https://link.springer.com/content/pdf/10.1057/s10713-021-00070-7.pdf

DOI:
https://doi.org/10.1057/s10713-021-00070-7

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