Bucciol, Alessandro; Miniaci, Raffaele - Dipartimento di Scienze Economiche, Facoltà di Economia - 2011
We exploit the US Survey of Consumer Finances from 1998 to 2007 to study households’ portfolio risk bearing. We compare four alternative measures of risk, two based on a financial portfolio and two based on a broader portfolio also including – as illiquid assets – human capital, real...