Public Programs And Events

Economics Seminar Series - Jermaine Toney

November 6, 2018, 9:00 PM

Economics Seminar Series - Jermaine Toney

Albert and Vera List Academic Center
General Public 

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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