How Children with Mental Disabilities Affect Household Investment Decisions
研究发现有特殊需求儿童的家庭更少持有风险资产，但若参与金融市场，则会将更大比例财富投入风险资产，这对政策制定和财富不平等有重要影响。
We analyze how children with mental disabilities influence parental portfolio allocation. We find that risky asset holding decreases among households with special needs children. However, conditional on participating in financial markets, households with special needs children invest a larger portion of their wealth in risky assets. As risky asset holding is a key component of wealth building, these findings have important implications for both policy and household wealth inequality.