Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE.

@article{Atella2012HouseholdPC,
  title={Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE.},
  author={Vincenzo Atella and Marianna Brunetti and Nicole Maestas},
  journal={Journal of banking & finance},
  year={2012},
  volume={36 5},
  pages={
          1320-1335
        }
}
Health risk is increasingly viewed as an important form of background risk that affects household portfolio decisions. However, its role might be mediated by the presence of a protective full-coverage national health service that could reduce households' probability of incurring current and future out-of-pocket medical expenditures. We use SHARE data to study the influence of current health status and future health risk on the decision to hold risky assets, across ten European countries with… CONTINUE READING

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