Risk Tolerance, 1996

In 1996, Miles S. Kimball, Claudia R. Sahm, and Matthew D. Shapiro used the questions M1-M5 asked in the 1996 Family Interview to impute variables of risk tolerance and risk aversion. For information about the construction of these variables please refer to their paper: Risk Preferences in the PSID: Individual Imputations and Family Covariation." by Miles S.Kimball, Claudia R. Sahm, and Matthew D. Shapiro. American Economic Review Papers and Proceedings 99 (May 2009) 363-368, which may be found on our website: <br><br> Risk Preferences in the PSID: Individual Imputations and Family Covariation <br><br> Please find additional helpful information in the Appendix also found on our website: Risk Tolerance Appendix<br>