@TechReport{iza:izadps:dp8635,
            	author={Christelis, Dimitris and Georgarakos, Dimitris and Sanz-de-Galdeano, Anna},
            	title={The Impact of Health Insurance on Stockholding: A Regression Discontinuity Approach},
            	year={2014},
	month={Nov},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={8635},
            	url={https://www.iza.org/index.php/publications/dp8635},
	abstract={Using data from the US Health and Retirement Study, we study the causal effect of increased health insurance coverage through Medicare and the associated reduction in health-related background risk on financial risk-taking. Given the onset of Medicare at age 65, we identify our effect of interest using a regression discontinuity approach. We find that getting Medicare coverage induces stockholding for those with at least some college education, but not for their less-educated counterparts. Hence, our results indicate that a reduction in background risk induces financial risk-taking in individuals for whom informational and pecuniary stock market participation costs are relatively low.},
	keywords={regression discontinuity;stockholding;Medicare;health insurance;household finance},
            }