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Labor income risk and the reluctance of households to invest in risky financial assets : a panel data analysis
Becker, Gideon; Dimpfl, Thomas - 2014
We investigate the determinants of a household's decision on whether to invest in risky financial assets. Financial … theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to … measure income risk as the observed variation of household income over a five year period. We find that indeed higher income …
Persistent link: https://www.econbiz.de/10010350417
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Household finance
Campbell, John Y. - In: The journal of finance : the journal of the American … 61 (2006) 4, pp. 1553-1604
Persistent link: https://www.econbiz.de/10003357781
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Household finance
Campbell, John Y. - 2006
Persistent link: https://www.econbiz.de/10003309345
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Labor income risk and households' risky asset holdings
Becker, Gideon; Dimpfl, Thomas - In: Studies in economics and finance 33 (2016) 2, pp. 262-280
Persistent link: https://www.econbiz.de/10011719146
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Financial literacy and household finances : a Bayesian two-part latent variable modeling approach
Feng, Xiangnan; Lu, Bin; Song, Xinyuan; Ma, Shuang - In: Journal of empirical finance 51 (2019), pp. 119-137
Persistent link: https://www.econbiz.de/10012169989
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Asset Market Participation and Portfolio Choice Over the Life-Cycle
Fagereng, Andreas - 2018
Using error-free data on life-cycle portfolio allocations of a large sample of Norwegian households, we document a double adjustment as households age: a rebalancing of the portfolio composition away from stocks as they approach retirement and stock market exit after retirement. When...
Persistent link: https://www.econbiz.de/10012936342
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Asset Market Participation and Portfolio Choice over the Life-Cycle
Fagereng, Andreas - 2013
We study the life cycle of portfolio allocation following for 15 years a large random sample of Norwegian households using error-free data on all components of households' investments drawn from the Tax Registry. Both, participation in the stock market and the portfolio share in stocks, have...
Persistent link: https://www.econbiz.de/10013078620
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Financial literacy and financial behavior : evidence from the emerging Asian middle class
Grohmann, Antonia - 2017 - This version: November, 2017
This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find...
Persistent link: https://www.econbiz.de/10011755401
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The disposition effect in boom and bust markets
Bernard, Sabine; Loos, Benjamin; Weber, Martin - 2021
The disposition effect is implicitly assumed to be constant over time. However, drivers of the disposition effect (preferences and beliefs) are rather countercyclical. We use individual investor trading data covering several boom and bust periods (2001-2015). We show that the disposition effect...
Persistent link: https://www.econbiz.de/10012426747
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Pockets of risk in the Belgian mortgage market : evidence from the Household Finance and Consumption Survey (HFCS)
Du Caju, Philip - 2017
data from the Household Finance and Consumption Survey (HFCS), to identify pockets of risk in the Belgian mortgage market …
Persistent link: https://www.econbiz.de/10011772130