Do More Risk‐Averse Investors Have Lower Net Worth and Income?
Abstract
This study examines the relationship between attitude toward risk and both net worth and income. The data are obtained from a financial diary kept by a national, scientifically selected sample of more than 3000 households. Results show that both net worth and income are negatively related to risk aversion. Copyright © 1993, Wiley Blackwell. All rights reserved
Publication Title
Financial Review
Recommended Citation
McInish, T., Ramaswami, S., & Srivastava, R. (1993). Do More Risk‐Averse Investors Have Lower Net Worth and Income?. Financial Review, 28 (1), 91-106. https://doi.org/10.1111/j.1540-6288.1993.tb01339.x
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