| Popis: |
In this work, utilizing yearly variation between biological siblings, we test for a correlation between poor child health and adult household financial behavior, i.e. risky asset market participation. Our results indicate a negative correlation of roughly -11.0 percentage points conditional on demographics and family background. Moreover, our results suggest that disruption in pre-labor market skill formation is one of the main mediators of this relationship. This work highlights the importance of good child health for adult financial behavior. |
