Many developed countries have ageing populations, with potentially major economic, political, and social consequences in the near future. Using Dutch and German panel data to control for cohort and period effects, this column investigates the relationship between age and risk attitudes. The results suggest that willingness to take risks declines with age, implying that societies may become more risk-averse as their population ages.
|Publisher||VOX CEPR's policy portal|
|Media of output||Online|
|Publication status||Published - 21 Jan 2018|
Dohmen, T. (Author), Falk, A. (Author), Golsteyn, B. (Author), Huffman, D. (Author), & Sunde, U. (Author). (2018). Identifying the effect of age on willingness to take risks. Web publication/site, VOX CEPR's policy portal.