Does fertility matter for middle aged and older adults’ risk attitudes?

Given that risk attitudes influence many decisions, it is important to understand the factors that shape such attitudes in late adulthood, when individuals face important risky decisions. While research finds that parenthood tends to correlate with lower risk tolerance in western countries, there is...

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Main Authors: HO, Christine, TEERAWICHITCHAINAN, Bussarawan, TAN, Joanne, TAN, Eugene Rui Le
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Language:English
Published: Institutional Knowledge at Singapore Management University 2023
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Online Access:https://ink.library.smu.edu.sg/soe_research/2605
https://ink.library.smu.edu.sg/context/soe_research/article/3604/viewcontent/Risk_Attitudes__Parenthood_and_Family_Size.pdf
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spelling sg-smu-ink.soe_research-36042024-03-20T02:32:50Z Does fertility matter for middle aged and older adults’ risk attitudes? HO, Christine TEERAWICHITCHAINAN, Bussarawan TAN, Joanne TAN, Eugene Rui Le Given that risk attitudes influence many decisions, it is important to understand the factors that shape such attitudes in late adulthood, when individuals face important risky decisions. While research finds that parenthood tends to correlate with lower risk tolerance in western countries, there is a lacuna on whether such associations persist in late adulthood, and are applicable to the Asian context, where children are conventionally considered a linchpin of old age support. Data for middle aged and older individuals come from the nationwide Singapore Life Panel (N = 6,740). Multivariate statistical analyses are employed to estimate the associations between willingness to take risks (in the general, financial, and health domains) with parenthood status and the number of children. We control for potential confounders and employ a two-stage least squares approach to mitigate potential selection issues. Older mothers tend to be less risk tolerant than older childless women across the three risk domains. Conversely, mothers with more children tend to be more risk tolerant compared to mothers with fewer children. There is no evidence that older men’s risk attitudes vary with parenthood status and family size. 2023-08-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/2605 info:doi/10.1177/01640275221116091 https://ink.library.smu.edu.sg/context/soe_research/article/3604/viewcontent/Risk_Attitudes__Parenthood_and_Family_Size.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Risk Attitudes Parenthood Status Family Size Behavioral Economics Economics Income Distribution
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Risk Attitudes
Parenthood Status
Family Size
Behavioral Economics
Economics
Income Distribution
spellingShingle Risk Attitudes
Parenthood Status
Family Size
Behavioral Economics
Economics
Income Distribution
HO, Christine
TEERAWICHITCHAINAN, Bussarawan
TAN, Joanne
TAN, Eugene Rui Le
Does fertility matter for middle aged and older adults’ risk attitudes?
description Given that risk attitudes influence many decisions, it is important to understand the factors that shape such attitudes in late adulthood, when individuals face important risky decisions. While research finds that parenthood tends to correlate with lower risk tolerance in western countries, there is a lacuna on whether such associations persist in late adulthood, and are applicable to the Asian context, where children are conventionally considered a linchpin of old age support. Data for middle aged and older individuals come from the nationwide Singapore Life Panel (N = 6,740). Multivariate statistical analyses are employed to estimate the associations between willingness to take risks (in the general, financial, and health domains) with parenthood status and the number of children. We control for potential confounders and employ a two-stage least squares approach to mitigate potential selection issues. Older mothers tend to be less risk tolerant than older childless women across the three risk domains. Conversely, mothers with more children tend to be more risk tolerant compared to mothers with fewer children. There is no evidence that older men’s risk attitudes vary with parenthood status and family size.
format text
author HO, Christine
TEERAWICHITCHAINAN, Bussarawan
TAN, Joanne
TAN, Eugene Rui Le
author_facet HO, Christine
TEERAWICHITCHAINAN, Bussarawan
TAN, Joanne
TAN, Eugene Rui Le
author_sort HO, Christine
title Does fertility matter for middle aged and older adults’ risk attitudes?
title_short Does fertility matter for middle aged and older adults’ risk attitudes?
title_full Does fertility matter for middle aged and older adults’ risk attitudes?
title_fullStr Does fertility matter for middle aged and older adults’ risk attitudes?
title_full_unstemmed Does fertility matter for middle aged and older adults’ risk attitudes?
title_sort does fertility matter for middle aged and older adults’ risk attitudes?
publisher Institutional Knowledge at Singapore Management University
publishDate 2023
url https://ink.library.smu.edu.sg/soe_research/2605
https://ink.library.smu.edu.sg/context/soe_research/article/3604/viewcontent/Risk_Attitudes__Parenthood_and_Family_Size.pdf
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