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Heterogeneity in Risk Preferences: The Roles of Educational Attainment and Health Status
Heterogeneity in Risk Preferences: The Roles of Educational Attainment and Health Status
상세정보
- 자료유형
- 학위논문 서양
- 최종처리일시
- 20250211153111
- ISBN
- 9798384468059
- DDC
- 370
- 저자명
- Ying, Dongyue.
- 서명/저자
- Heterogeneity in Risk Preferences: The Roles of Educational Attainment and Health Status
- 발행사항
- [Sl] : The Ohio State University, 2024
- 발행사항
- Ann Arbor : ProQuest Dissertations & Theses, 2024
- 형태사항
- 205 p
- 주기사항
- Source: Dissertations Abstracts International, Volume: 86-04, Section: A.
- 주기사항
- Advisor: Lillard, Dean R.
- 학위논문주기
- Thesis (Ph.D.)--The Ohio State University, 2024.
- 초록/해제
- 요약Risk preference plays a central role in determining the financial and social well-being of individuals and households. In the three studies of this dissertation, I explore whether individuals? risk preferences over wealth and/or health vary systematically with exogenous changes in general education, particular education types, and health status. The analysis is also informed by recent empirical evidence that genetic differences across individuals are associated with socio-economic characteristics and behaviors. In Chapter Two, I explore the association between general education and risk preference over wealth. The study modifies a theoretical framework to introduce a mechanism through which education is associated with risk preference. Results indicate the existence of the association between education and calculated risk preference over wealth, but do not support the hypothesis that the relationship is causal. In Chapter Three, I introduce a more nuanced measure of education, specific majors/types of education, that aligns more closely with the theoretical construct. I employ local labor market statistics as instruments to predict individuals? choice of college major, discovering that students in math-related fields generally report being less risk-averse. Chapter Four transitions to exploring health status as another potential determinant of risk preference. I question whether risk preferences are consistent across domains and how these preferences shift with changes in health status. Using an instrumental variable approach and an over-identification strategy based on genetic variation associated with nine health conditions, I find that individuals with poorer health report being more risk-averse in health-related decisions but less so in other domains. Additionally, I observe that those with deteriorating health are more likely to be a drinker but less likely to be a smoker; for current users, consumption of both goods decreases as their health worsens. Overall, my dissertation reveals the complex and varied nature of risk preferences and their linkage with key socio-economic factors such as health status and educational attainment, highlighting the potential for heterogeneity in risk preferences.
- 일반주제명
- Education
- 키워드
- Risk preference
- 키워드
- Health status
- 기타저자
- The Ohio State University Consumer Sciences
- 기본자료저록
- Dissertations Abstracts International. 86-04A.
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
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■035 ▼a(MiAaPQ)OhioLINKosu1714645168128828
■040 ▼aMiAaPQ▼cMiAaPQ
■0820 ▼a370
■1001 ▼aYing, Dongyue.
■24510▼aHeterogeneity in Risk Preferences: The Roles of Educational Attainment and Health Status
■260 ▼a[Sl]▼bThe Ohio State University▼c2024
■260 1▼aAnn Arbor▼bProQuest Dissertations & Theses▼c2024
■300 ▼a205 p
■500 ▼aSource: Dissertations Abstracts International, Volume: 86-04, Section: A.
■500 ▼aAdvisor: Lillard, Dean R.
■5021 ▼aThesis (Ph.D.)--The Ohio State University, 2024.
■520 ▼aRisk preference plays a central role in determining the financial and social well-being of individuals and households. In the three studies of this dissertation, I explore whether individuals? risk preferences over wealth and/or health vary systematically with exogenous changes in general education, particular education types, and health status. The analysis is also informed by recent empirical evidence that genetic differences across individuals are associated with socio-economic characteristics and behaviors. In Chapter Two, I explore the association between general education and risk preference over wealth. The study modifies a theoretical framework to introduce a mechanism through which education is associated with risk preference. Results indicate the existence of the association between education and calculated risk preference over wealth, but do not support the hypothesis that the relationship is causal. In Chapter Three, I introduce a more nuanced measure of education, specific majors/types of education, that aligns more closely with the theoretical construct. I employ local labor market statistics as instruments to predict individuals? choice of college major, discovering that students in math-related fields generally report being less risk-averse. Chapter Four transitions to exploring health status as another potential determinant of risk preference. I question whether risk preferences are consistent across domains and how these preferences shift with changes in health status. Using an instrumental variable approach and an over-identification strategy based on genetic variation associated with nine health conditions, I find that individuals with poorer health report being more risk-averse in health-related decisions but less so in other domains. Additionally, I observe that those with deteriorating health are more likely to be a drinker but less likely to be a smoker; for current users, consumption of both goods decreases as their health worsens. Overall, my dissertation reveals the complex and varied nature of risk preferences and their linkage with key socio-economic factors such as health status and educational attainment, highlighting the potential for heterogeneity in risk preferences.
■590 ▼aSchool code: 0168.
■650 4▼aEducation
■653 ▼aRisk preference
■653 ▼aEducational attainment
■653 ▼aHealth status
■653 ▼aGenetic information
■653 ▼aInstrumental variable
■690 ▼a0501
■690 ▼a0515
■71020▼aThe Ohio State University▼bConsumer Sciences.
■7730 ▼tDissertations Abstracts International▼g86-04A.
■790 ▼a0168
■791 ▼aPh.D.
■792 ▼a2024
■793 ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17164995▼nKERIS▼z이 자료의 원문은 한국교육학술정보원에서 제공합니다.


