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Financial Risk Aversion and Household Asset Diversification

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

hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …

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

hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …

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

John Doe's Old-Age Provision: Dollar Cost Averaging and Time Diversification

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

Do timing and time diversification improve the average investor's stock market return? Contrary to literature's scenario of wealthy investors, average investors invest each month over life. Many purchases prevent investors from buying at peak, but horizons decrease, giving latter investments...

Persistent link: https://www.econbiz.de/10010896192

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 … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …

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

Institutional Herding in Financial Markets: New Evidence through the Lens of a Simulated Model

Boortz, Christopher; Jurkatis, Simon; Kremer, Stephanie; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are only loosely connected. This paper contributes towards closing this gap in the herding literature. We use numerical simulations of a herd model to derive new, theory-based...

Persistent link: https://www.econbiz.de/10010713919

Measuring Alpha in the Fund Management Industry: Do Female Managers Perform Better?

Babalos, Vassilios; Caporale, Guglielmo Maria; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently with previous studies, no significant differences in...

Persistent link: https://www.econbiz.de/10010658791

Do Wealthier Households Save More?: The Impact of the Demographic Factor

Belke, Ansgar; Dreger, Christian; Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …

Persistent link: https://www.econbiz.de/10010551077

Profitability of Pension Contributions: Evidence from Real-Life Employment Biographies

Schröder, Carsten - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

Micro-econometric intra-cohort profitability analyses of pay-as-you-go (PAYG) pension contributions are rare. We use representative employment histories of a birth cohort of German PAYG pension insurants retiring in year 2005 to econometrically examine the determinants of the profitability of...

Persistent link: https://www.econbiz.de/10008645019

Foreign Currency Borrowing: The Case of Hungary

Pellényi, Gábor; Bilek, Péter - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not …

Persistent link: https://www.econbiz.de/10010661282

Foreign Currency Borrowing: The Case of Hungary

Pellényi, Gábor; Bilek, Péter - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not …

Persistent link: https://www.econbiz.de/10011128104