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Risk-taking Attitude of Retired Seniors: Age versus Cohort Effects
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Choi Dong Beom | - |
dc.contributor.author | Choi Hyun-Soo | - |
dc.date.accessioned | 2024-01-11T08:47:01Z | - |
dc.date.available | 2024-01-11T08:47:01Z | - |
dc.date.issued | 2023-12 | - |
dc.identifier.citation | 경제논집, Vol.62 No.2, pp.71-89 | - |
dc.identifier.issn | 1738-1150 | - |
dc.identifier.uri | https://hdl.handle.net/10371/198860 | - |
dc.description.abstract | The rapid aging of Korean society poses a significant challenge, necessitating attention due to its potential economic repercussions. This paper investigates the interplay between age, cohort, and risk-taking attitudes, utilizing data from the
Survey of Consumer Finance (SCF) issued by the Federal Reserve spanning the period from 1992 to 2019. Our analysis reveals a negative relationship between age and risk-taking tendencies, which aligns with the life-cycle hypothesis. As individuals age, their propensity for risk-taking diminishes. However, when examining cohort effects, we find a notable shift in the association between individual experiences and risk-taking behavior, particularly in light of the Global Financial Crisis. Before the crisis, individual experiences wielded a significant influence on risk-taking behavior, while this association significantly weakened in the aftermath of the crisis. | ko_KR |
dc.language.iso | en | ko_KR |
dc.publisher | 서울대학교 경제연구소 | ko_KR |
dc.subject | risk preference | - |
dc.subject | risk attitude | - |
dc.subject | portfolio choice | - |
dc.subject | age effect | - |
dc.subject | cohort effect | - |
dc.title | Risk-taking Attitude of Retired Seniors: Age versus Cohort Effects | ko_KR |
dc.type | SNU Journal | ko_KR |
dc.citation.journaltitle | 경제논집 | ko_KR |
dc.citation.endpage | 89 | ko_KR |
dc.citation.number | 2 | ko_KR |
dc.citation.startpage | 71 | ko_KR |
dc.citation.volume | 62 | ko_KR |
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