Household investors chase stock market returns. Surveys suggest that households intend to "ride the bubble" by buying …

correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household …

rises in wealth in the cross-section of households in the Survey of Consumer Finances. For a given household, the portfolio …

the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …

This paper re-examines the classic question of how a household should optimally allocate its portfolio between risky …

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 …

with information on the reallocation of resources within, from, and to the household sector in response to macroeconomic … events. The household sector is both a propagator of shocks to the economy, as wealth is redistributed across households with … of information on household exposures to macroeconomic risk factors - can potentially lead to better macroeconomic …

This paper studies household financial choices: why are these decisions dependent on the education level of the … household? A life cycle model is constructed to understand a rich set of facts about decisions of households with different …