TY - ADVS
T1 - Identifying the effect of age on willingness to take risks
AU - Dohmen, Thomas
AU - Falk, Armin
AU - Golsteyn, Bart
AU - Huffman, David
AU - Sunde, Uwe
N1 - Data Source: GSOEP and DNB Household Survey
Open access: Open
PY - 2018/1/21
Y1 - 2018/1/21
N2 - 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.
AB - 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.
UR - https://voxeu.org/article/effect-age-willingness-take-risks
M3 - Web publication/site
PB - VOX CEPR's policy portal
ER -