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The Effects of Cryptocurrency Wealth on Household Consumption and Investment

Aiello, Darren; Baker, Scott; Balyuk, Tetyana; Di … - National Bureau of Economic Research - 2023

how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate …

Persistent link: https://www.econbiz.de/10014322832

Rationalizing Trading Frequency and Returns : Maybe Trading is Good for You

Bonaparte, Yosef - 2019

traders and instead attribute these findings to overconfidence. In contrast, we find that household financial choices …

Persistent link: https://www.econbiz.de/10012479787

Stock Market Expectations of Dutch Households

Hurd, Michael D. - 2010

Despite its importance for the analysis of life-cycle behavior, stock ownership by households is poorly understood. Among other approaches to the investigation of this puzzle, recent research has elicited the expectations of stock market returns by individuals. This paper reports findings from a...

Persistent link: https://www.econbiz.de/10012462193

Owner-Occupied Housing and the Composition of the Household Portfolio Over the Life-Cycle

Flavin, Marjorie - 1998

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/10012472429

Which Households Own Municipal Bonds? Evidence From Tax Returns

Feenberg, Daniel R. - 1991

This paper uses data from 1988 federal income tax returns, which asked taxpayers to report their tax-exempt interest income as an information item, to analyze the distribution of tax-exempt asset holdings. More than three quarters of the tax-exempt debt held by households was held by those with...

Persistent link: https://www.econbiz.de/10012475087

Riding the Bubble? Chasing Returns into Illiquid Assets

Yagan, Danny - 2014

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

Persistent link: https://www.econbiz.de/10012458307

Measuring Top Incomes Using Tax Record Data : A Cautionary Tale from Australia

Burkhauser, Richard V. - 2013

the share of income they hold. We provide a cautionary tale from Australia of how comprehensive tax reform legislation in …

Persistent link: https://www.econbiz.de/10012459540

Forecasting Crashes : Trading Volume, Past Returns and Conditional Skewness in Stock Prices

Chen, Joseph - 2000

This paper is an investigation into the determinants of asymmetries in stock returns. We develop a series of cross-sectional regression specifications which attempt to forecast skewness in the daily returns of individual stocks. Negative skewness is most pronounced in stocks that have...

Persistent link: https://www.econbiz.de/10012471074

Evaluating the Specification Errors of Asset Pricing Models

Hodrick, Robert J. - 2000

This paper examines the specification errors of several asset pricing models using the methodology of Hansen and Jagannathan (1997) and a common data set. The models are the CAPM, the Consumption CAPM, the Jagannathan and Wang (1996) conditional CAPM, the Campbell (1996) dynamic asset pricing...

Persistent link: https://www.econbiz.de/10012471106

Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk

Campbell, John Y. - 2000

This paper uses a disaggregated approach to study the volatility of common stocks at the market, industry, and firm levels. Over the period 1962-97 there has been a noticeable increase in firm-level volatility relative to market volatility. Accordingly correlations among individual stocks and...

Persistent link: https://www.econbiz.de/10012471179

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