Brown Bag Seminar | Household Finance and Life-Cycle Economic Decisions under the Shadow of Cancer with Daniel Kárpáti (ENTER)
Welcome to Brown Bag Seminar in Economics organised by the Department of Economics, SSE. The seminar speaker is Daniel Kárpáti who will present "Household Finance and Life-Cycle Economic Decisions under the Shadow of Cancer".
Abstract
I study the causal effects of life expectancy on financial, economic, and demographic decisions. My sample consists of individuals who undergo genetic testing for a hereditary cancer syndrome. Genetic testing randomizes tested persons into two groups. Those who test positive learn that they face a high risk of cancer and a shorter life expectancy. Those who test negative learn that their cancer risk is similar to that of the general population. The differences in outcomes between these two groups identify the effects of life expectancy. I find that life expectancy has a positive effect on wealth accumulation. Lower savings rates, safer portfolios, decreased labor supply, and different preferences for household composition explain lower wealth accumulation under reduced life expectancy.
Daniel Kárpáti is a Ph.D. student in the Department of Finance, Tilburg University.
More About the Speaker
This seminar takes place at Stockholm School of Economics, Sveavägen 65, in room 348.
Please contact fanni.antal@hhs.se if you have any questions.
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The EUROPEAN NETWORK FOR TRAINING IN ECONOMIC RESEARCH (ENTER) is a cooperative venture between eight leading European Economics Departments, located in Barcelona (Spain), Brussels (Belgium), London (United Kingdom), Madrid (Spain), Mannheim (Germany), Stockholm (Sweden), Tilburg (the Netherlands) and Toulouse (France).
ENTER exchange seminars offer students the possibility to visit universities in the network to present papers and interact with students and faculty members in the other institutions.