Life cycle model and health risk

Detalhes bibliográficos
Autor(a) principal: Martins, Constança Margarida Pimenta Pereira Duarte
Data de Publicação: 2019
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/72926
Resumo: Life-cycle theory explains how an individual will allocate his wealth throughout his life. So far, research has been developed with empirical evidence diverging from model predictions. Recently, health has been introduced as a source of background risk but the main focus has been the retirement period. I will present here a simple model with health risk, showing how it impacts the choice of the young agent. I find that the wealthier and unhealthier the agent is, the less he will invest in the risky asset.
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spelling Life cycle model and health riskLife-cycle modelhealth riskRisky assetDomínio/Área Científica::Ciências Sociais::Economia e GestãoLife-cycle theory explains how an individual will allocate his wealth throughout his life. So far, research has been developed with empirical evidence diverging from model predictions. Recently, health has been introduced as a source of background risk but the main focus has been the retirement period. I will present here a simple model with health risk, showing how it impacts the choice of the young agent. I find that the wealthier and unhealthier the agent is, the less he will invest in the risky asset.Anjos, FernandoRUNMartins, Constança Margarida Pimenta Pereira Duarte2019-06-18T14:37:08Z2019-01-162019-01-16T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/72926TID:202225488enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:33:52Zoai:run.unl.pt:10362/72926Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:35:17.094772Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Life cycle model and health risk
title Life cycle model and health risk
spellingShingle Life cycle model and health risk
Martins, Constança Margarida Pimenta Pereira Duarte
Life-cycle model
health risk
Risky asset
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Life cycle model and health risk
title_full Life cycle model and health risk
title_fullStr Life cycle model and health risk
title_full_unstemmed Life cycle model and health risk
title_sort Life cycle model and health risk
author Martins, Constança Margarida Pimenta Pereira Duarte
author_facet Martins, Constança Margarida Pimenta Pereira Duarte
author_role author
dc.contributor.none.fl_str_mv Anjos, Fernando
RUN
dc.contributor.author.fl_str_mv Martins, Constança Margarida Pimenta Pereira Duarte
dc.subject.por.fl_str_mv Life-cycle model
health risk
Risky asset
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Life-cycle model
health risk
Risky asset
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Life-cycle theory explains how an individual will allocate his wealth throughout his life. So far, research has been developed with empirical evidence diverging from model predictions. Recently, health has been introduced as a source of background risk but the main focus has been the retirement period. I will present here a simple model with health risk, showing how it impacts the choice of the young agent. I find that the wealthier and unhealthier the agent is, the less he will invest in the risky asset.
publishDate 2019
dc.date.none.fl_str_mv 2019-06-18T14:37:08Z
2019-01-16
2019-01-16T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/72926
TID:202225488
url http://hdl.handle.net/10362/72926
identifier_str_mv TID:202225488
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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