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 …

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 …

participants. These patterns conceal strong household-level evidence of active rebalancing, which on average offsets about one half …

This paper investigates the efficiency of household investment decisions in a unique dataset containing the …

This paper explores the relationship between household marginal income tax rates, the set of assets that households own … surveys. The empirical findings suggest that a household's marginal tax rate has an important effect its asset allocation … decisions. The probability that a household owns tax-advantaged assets is strongly related to its tax rate on ordinary income …

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

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 …