how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate …

traders and instead attribute these findings to overconfidence. In contrast, we find that household financial choices …

constraint') on the household's optimal holdings of financial assets. Since the ratio of housing to net worth declines as the … household accumulates wealth, the housing constraint induces a life-cycle pattern in the portfolio shares of stocks and bonds … to construct household level panel data on the real after-tax return to owner-occupied housing, as well as data on the …

Household investors chase stock market returns. Surveys suggest that households intend to "ride the bubble" by buying …

the share of income they hold. We provide a cautionary tale from Australia of how comprehensive tax reform legislation in …