's own financial knowledge, confidence in the economy, and objective financial literacy on investment in risky financial … risk aversion, we find that objective financial literacy is positively related to investment in risky assets as well as …

From standard portfolio-choice theory it is well-understood that background risk, overwhelmingly due to wage risk, is … investment. We quantify the influence of wage risk on German investors’ financial portfolio shares and find that an increase of …

theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to …

substantially lower coefficient of risk aversion. We also find renewed support for rule-of-thumb investment strategies under the …

The asset management industry has marketed for years this idea of "disciplined investing" through Systematic Investment … prudent investment strategy that reduces risk avoiding market timing. But this idea has many opponents, that strongly support …

We investigate US households' direct investment in stocks, bonds and liquid accounts and their foreign counterparts, in … order to identify the different participation hurdles affecting asset investment domestically and overseas. To this end, we …, shopping around for the best investment opportunities all increase the probability to invest in foreign stocks. Furthermore, we …