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hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …
Persistent link: https://www.econbiz.de/10011387313
We study an investment experiment with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external...
Persistent link: https://www.econbiz.de/10012064672
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … theory is compatible with observed diversification patterns. Based on the German Socioeconomic Panel which provides unique … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …
Persistent link: https://www.econbiz.de/10009729666
This paper uses a new dataset and a specific feature of the French stock exchange to study the behavior of individual investors actively trading stocks. Consistent with prior literature, the trading activity of individual investors increases (decreases) following high (low) performance. I...
Persistent link: https://www.econbiz.de/10013037579
economic theory, wealth changes attributed to a dramatic event should not have a different effect than other wealth changes …
Persistent link: https://www.econbiz.de/10013040085
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a …
Persistent link: https://www.econbiz.de/10011594548
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … theory is compatible with observed diversification patterns. Based on the German Socioeconomic Panel which provides unique … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …
Persistent link: https://www.econbiz.de/10014216457
Since decades, only one fourth of German households invest in shares. One exception was during the three IPOs from 1996 to 2000 of the Deutsche Telekom, which gave Germans a taste to enter the stock market. However, the fall in the share price shortly after the second IPO, followed by corruption...
Persistent link: https://www.econbiz.de/10012586109
This paper explores the importance of the household's financial position for an individual's level of well … household's monetary financial position on overall life satisfaction and financial well-being, with the latter being measured by … indicate that the household's level of net wealth, assets and debt are important determinants of overall life satisfaction and …
Persistent link: https://www.econbiz.de/10010413777
pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement … household resources amongst each other in retirement. Finally, our data indicate that intracouple information sharing and …
Persistent link: https://www.econbiz.de/10012697947