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Fight or Flight? Portfolio Rebalancing by Individual Investors
Calvet, Laurent E. - 2013
participants. These patterns conceal strong household-level evidence of active rebalancing, which on average offsets about one half …
Persistent link: https://www.econbiz.de/10012753525
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Peer Advice on Financial Decisions : A Case of the Blind Leading the Blind?
Ambuehl, Sandro - 2018
Previous research shows that many people seek financial advice from non-experts, and that peer interactions influence financial decisions. We investigate whether such influences are beneficial, harmful, or simply haphazard. In our laboratory experiment, face-to-face communication with a randomly...
Persistent link: https://www.econbiz.de/10012911100
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Household Stock Market Beliefs and Learning
Kezdi, Gabor - 2011
imply. Our results also suggest that a substantial part of the reduced form relationship between stock holding and household …
Persistent link: https://www.econbiz.de/10013118132
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Household Saving Behavior : The Role of Financial Literacy, Information, and Financial Education Programs
Lusardi, Annamaria - 2008
Individuals are increasingly in charge of their own financial security after retirement. But how well-equipped are individuals to make saving decisions; do they possess adequate financial literacy, are they informed about the most important components of saving plans, do they even plan for...
Persistent link: https://www.econbiz.de/10012772702
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How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors
Hastings, Justine S. - 2011
Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. One is that people are financially illiterate since they lack understanding of simple economic concepts and cannot carry out computations such as computing compound interest, which could...
Persistent link: https://www.econbiz.de/10013130966
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Financial Knowledge and 401(K) Investment Performance
Clark, Robert L. - 2014
Using a unique new dataset linking administrative data on investment performance and financial knowledge, we examine whether investors who are more financially knowledgeable earn more on their retirement plan investments, compared to their less sophisticated counterparts. We find that...
Persistent link: https://www.econbiz.de/10013053837
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Why Do Household Portfolio Shares Rise in Wealth?
Wachter, Jessica A. - 2010
rises in wealth in the cross-section of households in the Survey of Consumer Finances. For a given household, the portfolio …
Persistent link: https://www.econbiz.de/10013138766
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Heterogeneity and Risk Sharing in Village Economies
Chiappori, Pierre-Andre - 2011
correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household …
Persistent link: https://www.econbiz.de/10013131495
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Optimal Portfolio Choice with Wage-Indexed Social Security
Li, Jialun - 2011
This paper re-examines the classic question of how a household should optimally allocate its portfolio between risky …
Persistent link: https://www.econbiz.de/10013125573
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Owner-Occupied Housing and the Composition of the Household Portfolio Over the Life-Cycle
Flavin, Marjorie - 2008
constraint') on the household's optimal holdings of financial assets. Since the ratio of housing to net worth declines as the … household accumulates wealth, the housing constraint induces a life-cycle pattern in the portfolio shares of stocks and bonds … to construct household level panel data on the real after-tax return to owner-occupied housing, as well as data on the …
Persistent link: https://www.econbiz.de/10012774907