We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a …

correlations of unobservables across different asset choices can lead to very misleading results. -- Foreign Assets ; 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 …

Household investment mistakes are an important concern for researchers and policymakers alike; portfolio …

household surveys, we find that in Italy - the country with highly asymmetric gender role prescriptions - women's risk …

called fractional multinomial logit model - which allows for joint estimation of shares while accounting for their fractional … average household's portfolio. These findings largely stay true even after we control for the potential confounding effects of …