We analyze whether the efficiency of households' asset mixes is driven by households' wealth as suggested by previous … asset mix is an appropriate advice for all households regardless of their wealth. Using the dataset of the Panel on …-specific portfolios to measure households' wealth available for financial investments, we find that more wealthy households do not have a …

rich to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both …

The present paper investigates the relationship between consumption, labour income and household wealth in Australia … that consumers view the recent surge in non-financial wealth as transitory and expect a correction …

this basis, the authors develop a simple, yet micro-founded portfolio selection model to explain the dynamics of wealth … inequality given empirical tax series in the US. The results emphasize that the level and the transition of speed of wealth … increase the degree of wealth concentration. …