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To own or not to own? : household portfolios, demographics and institutions in a cross-national perspective

Sierminska, Eva; Doorley, Karina - 2013

Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households’ participation decisions in assets are more responsive...

Persistent link: https://www.econbiz.de/10010231400

A head-to-head comparison of augmented wealth in Germany and the United States

Bönke, Timm; Grabka, Markus M.; Schröder, Carsten; … - 2017

and pension wealth - for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between … Germany, augmented wealth (US$651,000) is only 1.4 times higher. Further, the inclusion of pension wealth in household wealth …

Persistent link: https://www.econbiz.de/10011622210

Financial risk aversion and household asset diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...

Persistent link: https://www.econbiz.de/10009729666

Improving the coverage of the top-wealth population in the Socio-Economic Panel (SOEP)

Schröder, Carsten; Bartels, Charlotte; Göbler, Konstantin - 2020

the top end of the wealth distribution in Germany. The SOEP-P population has about 21 times higher net wealth on average …

Persistent link: https://www.econbiz.de/10012390086

Wealth and its distribution in Germany, 1895-2018

Albers, Thilo N. H.; Bartels, Charlotte; Schularick, Moritz - 2022

comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household …

Persistent link: https://www.econbiz.de/10013361274

Willingness to take risk : the role of risk conception and optimism

Dohmen, Thomas; Quercia, Simone; Willrodt, Jana - 2019 - This version: March 11, 2019

We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of...

Persistent link: https://www.econbiz.de/10011986900

Risk preference and entrepreneurial investment at the top of the wealth distribution

Fossen, Frank M.; König, Johannes; Schröder, Carsten - 2021

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel Study. The data include private wealth balance sheets,...

Persistent link: https://www.econbiz.de/10012430244