We use novel monthly security-level data on U.S. household portfolio holdings, flows, and returns to analyze asset … wealth groups partly offset each other, the aggregate household sector plays a limited role to absorb financial fluctuations …. To understand the contrasting trading behavior across households, we show that a household's flows to U.S. equities are …

participants. These patterns conceal strong household-level evidence of active rebalancing, which on average offsets about one half …

This paper investigates the efficiency of household investment decisions in a unique dataset containing the …

This paper studies household financial choices: why are these decisions dependent on the education level of the … household? A life cycle model is constructed to understand a rich set of facts about decisions of households with different …

" speech in July 2012 with household data from the ECB's Household Finance and Consumption Survey, we find that portfolio …

We test the relation between ambiguity aversion and five household portfolio choice puzzles: non- participation, low ….S. household survey, we measure ambiguity aversion using custom- designed questions based on Ellsberg urns. As theory predicts …