explainable by household characteristics as well as differences in risk aversion and a remainder. We employ the unexplained part …We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive … inside Europe we document substantial differences. Furthermore, average risk aversion is strongly correlated with the share …

and the 2010-2012 European sovereign crisis. This effect is attenuated for banks with lower credit risk, sounder capital …

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that … assets. Because households are subject to more background risk than previously considered, the estimated model implies a … substantially lower coefficient of risk aversion. We also find renewed support for rule-of-thumb investment strategies under the …

maturity races, information sensitivity, risk-intolerant debt and induced runs reinforce the liquidity risk externality …

depend on funding costs or default risk in a debit-card only world, this changes when they start to compete with credit cards …

Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show … own labour contributions vary by household characteristics (age, gender, profession) and by type of dwelling (house …