Elders' education level found to be a factor in risk aversion; Risk tolerance higher if at least one parent finished high school.(News)

From: Investment News | Date: February 25, 2008 | Copyright information

Byline: Sue Asci

Children with at least one parent holding a high school diploma are much less likely to be risk-averse than those whose parents have less formal education, researchers found in studying survey data from nearly 3,400 adults.

The development of risk aversion among children has an effect on the financial choices they make as adults, said Maria Jose Luengo-Prado, an assistant professor of economics at Northeastern University in Boston and one of ...

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