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. Combining these estimates with data on Spanish households' financial decisions from the Survey of Household Finances (EFF …
Persistent link: https://www.econbiz.de/10009153590
We explore asset holding diversification by Australian households, in particular, the household asset diversification … doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household …
Persistent link: https://www.econbiz.de/10010379946
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice …
Persistent link: https://www.econbiz.de/10012517212
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
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a …
Persistent link: https://www.econbiz.de/10011594548
with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but …
Persistent link: https://www.econbiz.de/10011950811
household level data for 2007 and 2009 in the United States - the Survey of Consumer Finances. We find that asset diversity …
Persistent link: https://www.econbiz.de/10012099386
We investigate the relationship between social interaction and household finances using data from the British Household … household finances and social interaction, rather than focusing one particular facet of household finances, such as the holding … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …
Persistent link: https://www.econbiz.de/10010380024
A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10003829113
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential-growth bias (EGB) and present bias (PB). We find that EGB, the tendency to neglect compounding, and PB, the tendency to value the present over the future, are highly significant...
Persistent link: https://www.econbiz.de/10011902764