We show that financial risk-taking originates in preindustrial ancestral population diversity. We use data on immigrants residing in the United States and show that controlling for all known determinants of portfolio decisions, diversity positively affects stock market participation and asset...

The Supplemental Nutrition Assistance Program (SNAP) participation rate for households with elderly individuals has historically been lower than that for other household types. This report compares characteristics of elderly households participating in SNAP with those of elderly households not...