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. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households …' portfolios, real estate. In a simple model, we show how the effect of trust on expected investment returns affects portfolio … composition, including the share of real estate. Using data from the European Social Survey, we estimate individual-level trust as …
Persistent link: https://www.econbiz.de/10009153590
coverage induces stockholding for those with at least some college education, but not for their less-educated counterparts …
Persistent link: https://www.econbiz.de/10010436274
possible confounders such as financial literacy, overconfidence, optimism, trust, and other personality traits. We argue that …
Persistent link: https://www.econbiz.de/10011594548
Using repeated large-scale surveys of U.S. households, we study the cryptocurrency investment decisions and motives of households relative to other financial assets. Cryptocurrency holders tend to be young, white, male and more libertarian relative to non-crypto holders. They expect much higher...
Persistent link: https://www.econbiz.de/10014318228
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
children through purposeful investments. We exploit information on the risk and trust attitudes of parents and their children … respect to risk and trust attitudes and thus transmit their own attitudes more strongly. The results are robust to including …
Persistent link: https://www.econbiz.de/10009765617
stronger influence on risk-taking by children, and the evidence of a relationship between stock-holding of biological parents …
Persistent link: https://www.econbiz.de/10011295557
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice is associated with a reallocation of wealth away from real estate and towards bonds and stocks, especially when households seek financial advice "for investments". Having a...
Persistent link: https://www.econbiz.de/10012517212
This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at the individual level. In accordance with the existing literature, the results reveal...
Persistent link: https://www.econbiz.de/10003958900
We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...
Persistent link: https://www.econbiz.de/10010380024