The Association between Financial Activities and Self-Rated Health in Middle-Aged and Older Adults

Yueh Ping Li; Hua Wei Huang; Ya Chih Yang

doi:10.1142/S021909152250028X

The Association between Financial Activities and Self-Rated Health in Middle-Aged and Older Adults

Yueh Ping Li, Hua Wei Huang, Ya Chih Yang

Research output: Contribution to journal › Article › peer-review

Abstract

The extant literature has provided a lot of evidence that supports positive associations between participation in activities and health. However, the health effects of high or low risk financial activities (FAs) are presently ambiguous, especially across age groups. With a sample of 313 subjects in Taiwan, this study examines whether participation in high or low risk FAs (savings, stocks, mutual funds, and real estate) benefits self-rated health (SRH) in middle-aged and older adults. We find that (1) savings rates are consistently high for both middle-aged and older cohorts. However, middle-aged adult participation rate in FAs, in terms of stocks, mutual funds and real estate, is higher than that for older adults. (2) High risk FAs, especially stock investments, have a positive effect on SRH in middle-aged adults.

Original language	English
Article number	2250028
Journal	Review of Pacific Basin Financial Markets and Policies
Volume	25
Issue number	4
DOIs	https://doi.org/10.1142/S021909152250028X
Publication status	Published - 2022 Dec 1

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1142/S021909152250028X

Cite this

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abstract = "The extant literature has provided a lot of evidence that supports positive associations between participation in activities and health. However, the health effects of high or low risk financial activities (FAs) are presently ambiguous, especially across age groups. With a sample of 313 subjects in Taiwan, this study examines whether participation in high or low risk FAs (savings, stocks, mutual funds, and real estate) benefits self-rated health (SRH) in middle-aged and older adults. We find that (1) savings rates are consistently high for both middle-aged and older cohorts. However, middle-aged adult participation rate in FAs, in terms of stocks, mutual funds and real estate, is higher than that for older adults. (2) High risk FAs, especially stock investments, have a positive effect on SRH in middle-aged adults.",

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The Association between Financial Activities and Self-Rated Health in Middle-Aged and Older Adults

Abstract

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