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There are number of studies which favor the existence of gender bias in investment patterns. Most of the studies conclude that women invest more conservatively than men (Yao, R. & Hanna, S.D., 2005) and that the women are more risk averse (Julie R. Agnew, 2005). Some studies also contend that...
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We test the relation between ambiguity aversion and five household portfolio choice puzzles: non-participation in equities, low allocations to equity, home-bias, own-company stock ownership, and portfolio under-diversification. In a representative U.S. household survey, we measure ambiguity...
Persistent link: https://www.econbiz.de/10013007875
We test the relation between ambiguity aversion and five household portfolio choice puzzles: non-participation in equities, low allocations to equity, home-bias, own-company stock ownership, and portfolio under-diversification. In a representative U.S. household survey, we measure ambiguity...
Persistent link: https://www.econbiz.de/10012857183
This paper estimates establishment-level employment effects of investment grants in one of the German Federal States receiving the most support. We analyze general treatment effects, as well as the influence of heterogeneity in the characteristics and economic environment of the establishment on...
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Accounting estimates are measured with varying degrees of uncertainty, and financial statement disclosures provide investors with information about such uncertainty. In two experiments, I test investors' reactions to measurement uncertainty in accounting estimates. In the first experiment, I...
Persistent link: https://www.econbiz.de/10012974586
US public state pension deficits are very large, accounting for 18.5% of an average state's GDP and up to 50% in Illinois. In principle, households should respond to this heavy future burden by increasing current savings, particularly in safe assets, since pension deficits are countercyclical....
Persistent link: https://www.econbiz.de/10013213001