@article {7723,
	title = {Who Among the Elderly Owns Stocks? The Role of Cognitive Ability and Bequest Motive},
	journal = {Journal of Family and Economic Issues},
	volume = {33},
	year = {2012},
	note = {Copyright - Springer Science Business Media, LLC 2012 Language of summary - English Pages - 338-352 ProQuest ID - 1030719840 Last updated - 2012-08-02 Place of publication - New York Corporate institution author - Kim, Eun Jin; Hanna, Sherman D; Chatterjee, Swarn; Lindamood, Suzanne DOI - 2726553591; 70920932; 53465; JFEI; SPVLJFEI108343339295},
	pages = {338-352},
	publisher = {33},
	abstract = {Conventional advice is to reduce risky investments as one ages. Such a generalized focus on risk avoidance may be inappropriate for elderly with longer life spans and those with financial goals that extend beyond their lifetime. To better understand risky asset holdings among the elderly, we investigated the effect of cognitive ability and bequest motive on stock ownership and stock purchase. Using the 2004 wave of the Health and Retirement Study, we found that one-third of elderly households held stocks and 36  of those elderly stockowners had recently acquired stocks. The respondent{\textquoteright}s cognitive ability and bequest motive were strongly related to stock ownership. Among those who owned stock, a bequest motive was positively related to a recent purchase of stocks. PUBLICATION ABSTRACT},
	keywords = {Health Conditions and Status, Healthcare, Net Worth and Assets, Retirement Planning and Satisfaction},
	doi = {10.1007/s10834-012-9295-2},
	url = {http://search.proquest.com.proxy.lib.umich.edu/docview/1030719840?accountid=14667http://mgetit.lib.umich.edu/?ctx_ver=Z39.88-2004andctx_enc=info:ofi/enc:UTF-8andrfr_id=info:sid/ProQ 3Aabiglobalandrft_val_fmt=info:ofi/fmt:kev:mtx:journalandrft.genre=articl},
	author = {Eun Jin Kim and Sherman D. Hanna and Chatterjee, Swarn and Lindamood, Suzanne}
}
