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Household Portfolio Underdiversification and Probability Weighting : Evidence from the Field
Dimmock, Stephen G. - 2018
We explore the relation between probability weighting and household portfolio underdiversification in a representative … household survey, using custom-designed incentivized lotteries. On average, people display Inverse-S shaped probability …
Persistent link: https://www.econbiz.de/10012912514
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Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply
Chai, Jingjing - 2011
the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …
Persistent link: https://www.econbiz.de/10013123696
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Ambiguity Aversion and Household Portfolio Choice : Empirical Evidence
Dimmock, Stephen G. - 2013
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 …
Persistent link: https://www.econbiz.de/10013087877
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The Effect of Uncertain Labor Income and Social Security on Life-Cycle Portfolios
Maurer, Raimond - 2010
This paper examines how labor income volatility and social security benefits can influence lifecycle household …
Persistent link: https://www.econbiz.de/10013148650
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Target Date Funds and Portfolio Choice in 401(K) Plans
Mitchell, Olivia S.; Utkus, Stephen P. - 2021
Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal regulation sanctioned these as default investments in automatic enrollment plans. We show that adopters delegated pension investment decisions to fund managers selected by plan...
Persistent link: https://www.econbiz.de/10013313221