We use data from the PSID to investigate how households' portfolio allocations change in response to wealth … consequence that when the level of liquid wealth changes, the proportion a household invests in risky assets should also change in … is not affected by wealth changes. Instead, one of the major drivers of households' portfolio allocation seems to be …

novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a … share of their wealth in their own businesses when they are more willing to take risks. These associations are stronger …

novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a … share of their wealth in their own businesses when they are more willing to take risks. These associations are stronger …