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Financial Risk Aversion and Household Asset Diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … diversification). The second part of the paper focuses on a more sophisticated strategy of diversification and asks whether financial … theory is compatible with observed diversification patterns. Based on the German Socioeconomic Panel which provides unique …

Persistent link: https://www.econbiz.de/10004963651

Financial Risk Aversion and Household Asset Diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...

Persistent link: https://www.econbiz.de/10010661268

Financial Risk Aversion and Household Asset Diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

Persistent link: https://www.econbiz.de/10011128091

Log versus Level in VAR Forecasting: 42 Million Empirical Answers - Expect the Unexpected

Mayr, Johannes; Ulbricht, Dirk - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

The use of log-transformed data has become standard in macroeconomic forecasting with VAR models. However, its appropriateness in the context of out-of-sample forecasts has not yet been exposed to a thorough empirical investigation. With the aim of filling this void, a broad sample of VAR models...

Persistent link: https://www.econbiz.de/10010937930

War, Housing Rents, and Free Market: A Case of Berlin's Rental Housing Market during the World War I

Kholodilin, Konstantin A. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

Before the World War I, the urban rental housing market in Germany could be described as a free and competitive market. The government hardly interfered in the relationships between the landlords and ten- ants. The rents were set freely. During the World War I, the market was hit by several...

Persistent link: https://www.econbiz.de/10011273260

The Effects of Family Policy on Mothers' Labor Supply: Combining Evidence from a Structural Model and a Natural Experiment

Geyer, Johannes; Haan, Peter; Wrohlich, Katharina - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

Parental leave and subsidized child care are prominent examples of family policies supporting the reconciliation of family life and labor market careers for mothers. In this paper, we combine different empirical strategies to evaluate the employment effects of these policies for mothers in...

Persistent link: https://www.econbiz.de/10010752456

Drivers of Private Equity Investment in CEE and Western European Countries

Bernoth, Kerstin; Colavecchio, Roberta; Sass, Magdolna - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

A strong private equity market is a cornerstone for commercialization and innovation in modern economies. However, substantial differences exist in the relative amounts raised and invested in private equity across European countries. We investigate the macro-determinants of private equity...

Persistent link: https://www.econbiz.de/10010783950

Do Media Data Help to Predict German Industrial Production?

Kholodilin, Konstantin A.; Thomas, Tobias; Ulbricht, Dirk - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

Expectations form the basis of economic decisions of market participants in an uncertain world. Sentiment indicators reflect those expectations and thus have a proven track record for predicting economic variables. However, respondents of surveys perceive the world to a large extent with the...

Persistent link: https://www.econbiz.de/10010786994

Forecasting the Risk of Speculative Assets by Means of Copula Distributions

Beckers, Benjamin; Herwartz, Helmut; Seidel, Moritz - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

The GARCH(1,1) model and its extensions have become a standard econometric tool for modeling volatility dynamics of financial returns and port-folio risk. In this paper, we propose an adjustment of GARCH implied conditional value-at-risk and expected shortfall forecasts that exploits the...

Persistent link: https://www.econbiz.de/10010632797

German Exports to the Euro Area

Stephan, Sabine - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

The growth of the German economy intrinsically depends on the development of German exports to the euro area, which is by far the biggest market for German products. The paper estimates a structural equation for the export demand from the EMU member countries, which is suitable for both...

Persistent link: https://www.econbiz.de/10004963603