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Twin Picks : Disentangling the Determinants of Risk-Taking in Household Portfolios
Calvet, Laurent E. - 2010
estate wealth and household size. As a consequence, the elasticity of the aggregate demand for risky assets to exogenous …
Persistent link: https://www.econbiz.de/10012462791
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Measuring the Financial Sophistication of Households
Calvet, Laurent E. - 2009
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 …
Persistent link: https://www.econbiz.de/10012463948
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Fight or Flight? Portfolio Rebalancing by Individual Investors
Calvet, Laurent E. - 2008
participants. These patterns conceal strong household-level evidence of active rebalancing, which on average offsets about one half …
Persistent link: https://www.econbiz.de/10012464470
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Down or Out : Assessing the Welfare Costs of Household Investment Mistakes
Calvet, Laurent E. - 2006
This paper investigates the efficiency of household investment decisions in a unique dataset containing the …
Persistent link: https://www.econbiz.de/10012466639
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The Cross-Section of Household Preferences
Calvet, Laurent E.; Campbell, John Y.; Gomes, Francisco J. - National Bureau of Economic Research - 2021
This paper estimates the cross-sectional distribution of Epstein-Zin preference parameters in a large administrative panel of Swedish households. We consider life-cycle model of saving and portfolio choice that incorporates risky labor income, safe and risky financial assets inside and outside...
Persistent link: https://www.econbiz.de/10012533337