Household preferences for goods with a bundle of attributes may have complex substitution patterns when one attribute … is changed. For example, a household faced with an exogenous increase in the size of one television may choose to … economy of a kept vehicle affects a household's choice of a second vehicle. We find strong evidence of attribute substitution …

This paper uses a lifecycle model to study household finance in China, focusing on the high savings rate, the low stock … estimation of structural parameters, and examine their impacts on household finance patterns. Relative to the US, the distinctive …

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 …

wealth and household size, and to a lesser extent with education and proxies for financial experience. The index is strongly … positively correlated with the share of risky assets held by a household …

imply. Our results also suggest that a substantial part of the reduced form relationship between stock holding and household …