We explore asset holding diversification by Australian households, in particular, the household asset diversification … doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household …

We investigate the determinants of a household's decision on whether to invest in risky financial assets. Financial … measure income risk as the observed variation of household income over a five year period. We find that indeed higher income … risk reduces the propensity to invest in stocks. However, when controlling for household heterogeneity as well as …

hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …