Vincenzo Atella|Marianna Brunetti|Nicole Maestas
Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE
University of Rome Tor Vergata|University of Rome Tor Vergata|Frederick S. Pardee RAND Graduate School
health risk increasingly viewed important form background risk affects household portfolio decisions however role might mediated presence protective fullcoverage national health service could reduce households probability incurring current future outofpocket medical expenditures use share data study influence current health status future health risk decision hold risky assets across ten european countries different health systems offering different degree protection outofpocket medical expenditures find robust empirical evidence perceived health status matters objective health status consistent theory background risk health risk affects portfolio choices countries less protective health care systems furthermore portfolio decisions consistent background risk models observed respect middleaged highlyeducated investors