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The Role of Medical Expenditure Risk in Portfolio Allocation Decisions.
Ayyagari P, He D. Ayyagari P, et al. Health Econ. 2017 Nov;26(11):1447-1458. doi: 10.1002/hec.3437. Epub 2016 Oct 9. Health Econ. 2017. PMID: 27723184
Economic theory suggests that medical spending risk affects the extent to which households are willing to accept financial risk, and consequently their investment portfolios. In this study, we focus on the elderly for whom medical spendin …
Economic theory suggests that medical spending risk affects the extent to which households are willing to accept financ …
MEDICAL EXPENDITURE RISK AND HOUSEHOLD PORTFOLIO CHOICE.
Goldman D, Maestas N. Goldman D, et al. J Appl Econ (Chichester Engl). 2013 Jun 1;28(4):527-550. doi: 10.1002/jae.2278. J Appl Econ (Chichester Engl). 2013. PMID: 23997424 Free PMC article.
Medical expenses are an increasingly important contributor to household financial risk. We examine the effect of medical expenditure risk on the willingness of Medicare beneficiaries to hold risky assets. ...
Medical expenses are an increasingly important contributor to household financial risk. We examine the effect of med
Health insurance, risk attitudes, and household financial behavior.
Li Z, Liu L, Shi J, Sui Y. Li Z, et al. Health Econ. 2021 May;30(5):1239-1246. doi: 10.1002/hec.4235. Epub 2021 Feb 26. Health Econ. 2021. PMID: 33636031
Medical expenditure risk is widely believed to reduce households' willingness to bear other risks and in turn alter their behavior. ...This positive effect is stronger for households with lower risk aversion. Our findings suggest t
Medical expenditure risk is widely believed to reduce households' willingness to bear other risks and in turn al
Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE.
Atella V, Brunetti M, Maestas N. Atella V, et al. J Bank Financ. 2012 May;36(5):1320-1335. doi: 10.1016/j.jbankfin.2011.11.025. J Bank Financ. 2012. PMID: 23885134 Free PMC article.
Health risk is increasingly viewed as an important form of background risk that affects household portfolio decisions. ...We find robust empirical evidence that perceived health status matters more than objective health status and,
Health risk is increasingly viewed as an important form of background risk that affects household portfolio
Medicare Part D and Portfolio Choice.
Ayyagari P, He D. Ayyagari P, et al. Am Econ Rev. 2016 May;106(5):339-42. doi: 10.1257/aer.p20161125. Am Econ Rev. 2016. PMID: 29547247
This study evaluates the impact of medical expenditure risk on portfolio choice among the elderly. The risk of large medical expenditures can be substantial for elderly individuals and is only partially mitigated by access t …
This study evaluates the impact of medical expenditure risk on portfolio choice among the elderly. The …