TY  - UNPD
A1  - Christelis, Dimitris
A1  - Georgarakos, Dimitris
A1  - Sanz-de-Galdeano, Anna
T1  - The impact of health insurance on stockholding: a regression discontinuity approach
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 488
N2  - Using data from the US Health and Retirement Study, we study the causal effect of increased health insurance coverage through Medicare and the associated reduction in health-related background risk on financial risk-taking. Given the onset of Medicare at age 65, we identify our effect of interest using a regression discontinuity approach. We find that getting Medicare coverage induces stockholding for those with at least some college education, but not for their less-educated counterparts. Hence, our results indicate that a reduction in background risk induces financial risk-taking in individuals for whom informational and pecuniary stock market participation costs are relatively low.
T3  - CFS working paper series - 488 
KW  - Health Insurance
KW  - Medicare
KW  - Stockholding
KW  - Regression Discontinuity
KW  - Household Finance
Y1  - 2014
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/35366
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-353661
UR  - http://ssrn.com/abstract=2522933
IS  - November 9, 2014
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -