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Locus of control and investment in risky assets

Salamanca, Nicolás; Grip, Andries de; Fouarge, Didier; … - 2016

this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

Persistent link: https://www.econbiz.de/10011594548

Genetic ability, wealth, and financial decision-making

Barth, Daniel; Papageorge, Nicholas W.; Thom, Kevin - 2017

Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...

Persistent link: https://www.econbiz.de/10011613150

The financial decisions of immigrant and native households : evidence from Italy

Bertocchi, Graziella; Brunetti, Marianna; Zaiceva, Anzelika - 2018

Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but only above the median of the wealth distribution, with...

Persistent link: https://www.econbiz.de/10011950811

Portfolio allocation in the face of a means-tested public pension

Cobb-Clark, Deborah A.; Hildebrand, Vincent A. - 2009

Is there evidence that households adjust their asset portfolios just prior to retirement in response to a means-tested public pension? We address this question by estimating a system of asset equations constrained to add up to net worth. We find little evidence that in 2006 healthy households or...

Persistent link: https://www.econbiz.de/10003903218

Household asset holding diversification in Australia

Mariotti, Francesco; Mumford, Karen; Pena-Boquete, Yolanda - 2014

We explore asset holding diversification by Australian households, in particular, the household asset diversification participation decision (whether or not to diversify at all) is jointly estimated with the decision of how much to diversify. In so doing, recent literature on the modelling of...

Persistent link: https://www.econbiz.de/10010379946

To own or not to own? : household portfolios, demographics and institutions in a cross-national perspective

Sierminska, Eva; Doorley, Karina - 2013

Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households' participation decisions in assets are more responsive...

Persistent link: https://www.econbiz.de/10010212303

Trust and the choice between housing and financial assets : evidence from Spanish households

Attar, Mayssun el; Poschke, Markus - 2010

Trusting behavior has been shown to affect households' portfolio choice between risky and risk-free financial assets …

Persistent link: https://www.econbiz.de/10009153590

Skewness expectations and portfolio choice

Drerup, Tilman H.; Wibral, Matthias; Zimpelmann, Christian - 2022

Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We provide a direct test of this prediction in a representative sample of the Dutch population. Using individual-level data on return expectations for a broad...

Persistent link: https://www.econbiz.de/10012805556

Financial advice and household financial portfolios

Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2021

, compared to not receiving advice. Finally, we find a positive association between alternative measures of portfolio risk and …

Persistent link: https://www.econbiz.de/10012517212

Risk preference and entrepreneurial investment at the top of the wealth distribution

Fossen, Frank M.; König, Johannes; Schröder, Carsten - 2020

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …

Persistent link: https://www.econbiz.de/10012389043

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