Risk aversion and life cycle decisions

This paper tries to find a relation between an individuals’ risk attitude and the fact whether he/she is married, has children or is divorced. This paper finds no significant relation between an individuals’ risk attitude and whether he/she is married or has children. It does find that the odds of an individual who is risk seeking to be divorced are more than the odds for an individual who is not divorced. This paper also surprisingly finds that risk-seeking males have higher the odds to be married compared to risk seeking women. However this effect is only significant in the subsample and at 10% significance level.