Holding risky financial assets and subjective wellbeing: Empirical evidence from China

Subjective wellbeing is designed to consider positive experiences and to be descriptive of an overall assessment rather than focusing on specific experiences or aspects of an individual’s life. The purpose of this study is to investigate the relationships between the holding of risky financial assets and subjective wellbeing. Participation in financial markets with different risk levels of assets is divided into holding risk-free assets and...