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 …

Trusting behavior has been shown to affect households' portfolio choice between risky and risk-free financial assets …. Combining these estimates with data on Spanish households' financial decisions from the Survey of Household Finances (EFF …

reference level of marriage expenditure for such families. Using the 2013 China Household Finance Survey data, we find that a 0 …

We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a … this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice …, compared to not receiving advice. Finally, we find a positive association between alternative measures of portfolio risk and …

category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from … households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach – termed a … risk, and is unique in recovering for, any given risky asset class, the shares that are reallocated to a safer asset …

This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth … accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor …

household savings rate and the U-shaped age-profile of savings …China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …

study household savings and expenditure adjustment from an unexpected, large-scale and rapidly evolving political shock that … uncertainty resulted in significant temporary increases in savings among urban households in China. Households responded mainly by … empirical studies of precautionary savings such as self-selection and life-cycle effects …

propensity to save of married couples, consistent with a rise in precautionary savings interpretation. An increase in the risk of …We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a … experience a significant increase in the expected risk of divorce (such as very religious families, or single individuals). Our …