Stature, Obesity, and Portfolio Choice

61 Pages Posted: 21 Nov 2009 Last revised: 17 Jul 2015

Jawad M. Addoum

Cornell University

George M. Korniotis

University of Miami

Alok Kumar

University of Miami - School of Business Administration

Date Written: July 15, 2015

Abstract

Using multiple U.S. and European data sources, we show that observed physical attributes are related to participation in financial markets. Specifically, we find that individuals who are relatively tall and of normal weight are more likely to hold stocks in their financial portfolios. We consider several potential mechanisms that could drive the relation between physical attributes and portfolio decisions. We find that teenage social experiences as well as genetic and prenatal endowments that are fixed at birth are the two channels through which height affects financial decisions. Further, we find that the relation between body mass index and portfolio decisions is largely driven by education and race.

Suggested Citation

Addoum, Jawad M. and Korniotis, George M. and Kumar, Alok, Stature, Obesity, and Portfolio Choice (July 15, 2015). Available at SSRN: https://ssrn.com/abstract=1509173 or http://dx.doi.org/10.2139/ssrn.1509173

Jawad M. Addoum

Cornell University ( email )

Ithaca, NY 14853
United States

George M. Korniotis

University of Miami ( email )

P.O. Box 248094
Coral Gables, FL 33124-6552
United States
305-284-5728 (Phone)

Alok Kumar (Contact Author)

University of Miami - School of Business Administration ( email )

514 Jenkins Building
Department of Finance
Coral Gables, FL 33124-6552
United States
305-284-1882 (Phone)

HOME PAGE: http://moya.bus.miami.edu/~akumar

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