Nonlinear linkages between financial risk tolerance and demographic characteristics

Robert Faff, Terrence Hallahan, Michael McKenzie

    Research output: Contribution to journalArticlepeer-review

    34 Citations (Scopus)

    Abstract

    We explore the nonlinear linkage between financial risk tolerance and demographic characteristics. Our tests support the nonlinear role of age, income and number of dependents.
    Original languageEnglish
    Pages (from-to)1329-1332
    Number of pages4
    JournalApplied Economics Letters
    Volume16
    Issue number13
    DOIs
    Publication statusPublished - 2009

    Keywords

    • financial risk
    • income distribution
    • risk assessment

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