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Economics Seminar Series - Jermaine Toney
Tuesday, November 6, 2018 at 4:00 pm to 6:00 pm
Albert and Vera List Academic Center, #1009 6 East 16th Street , New York, NY 10003
Jermaine Toney, Post-Doc Research Fellow from Cornell University will present his paper “How Extended Family Health Affect Household Portfolio Allocations”.
Abstract: Growing research links household financial decisions and health status within the nuclear family. However, the focus on the nuclear family underestimates the health-wealth effect. Wealth can decline by as much as $14,000 when a sibling with low income experiences stroke, cancer, lung disease, or a heart attack. Panel data shows mental health status of siblings affects a households’ portfolio choice decisions.
Presented by The New School for Social Research.
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