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Risky assets in Europe and the US : risk vulnerability, risk aversion and economic environment
Bekhtiar, Karim; Fessler, Pirmin; Lindner, Peter - 2019
We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive as well as the intensive margin of risky assets, European households differ substantially from US households; but also inside Europe we document substantial differences....
Persistent link: https://www.econbiz.de/10011997521
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How does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice?
von Gaudecker, Hans-Martin - 2013
; achieve reasonable investment outcomes. Compared to these groups, households with below-median financial literacy that trust …
Persistent link: https://www.econbiz.de/10013093580
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How Does Household Portfolio Diversification Vary with Financial Sophistication and Advice?
von Gaudecker, Hans-Martin - 2013
Economic theory suggests that households should invest their financial wealth in a combination of cash and a well-diversified equity portfolio. Yet, many households' equity investments are strongly concentrated in a few assets. Attempts to explain this discrepancy have included low levels of...
Persistent link: https://www.econbiz.de/10014184269
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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...
Persistent link: https://www.econbiz.de/10010350417
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Stock market participation puzzle in emerging economies : the case of lithuania
Mauricas, Žygimantas; Darškuvienė, Valdonė; … - In: Organizations and markets in emerging economies 8 (2017) 2, pp. 225-243
results indicates that lack of financial literacy, low risk tolerance and lack of trust in financial institutions are the …. Interestingly, lack of financial literacy, low risk tolerance, lack of trust in financial institutions and high stock market return … macro-prudential policy makers as increasing financial literacy of households and increasing trust in financial …
Persistent link: https://www.econbiz.de/10012193944
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Trust and the choice between housing and financial assets : evidence from Spanish households
Attar, Mayssun el; Poschke, Markus - 2010
. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households …' portfolios, real estate. In a simple model, we show how the effect of trust on expected investment returns affects portfolio … composition, including the share of real estate. Using data from the European Social Survey, we estimate individual-level trust as …
Persistent link: https://www.econbiz.de/10009153590
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Trust and the Choice between Housing and Financial Assets : Evidence from Spanish Households
El-Attar, Mayssun - 2010
. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households …' portfolios, real estate. In a simple model, we show how the effect of trust on expected investment returns affects portfolio … composition, including the share of real estate. Using data from the European Social Survey, we estimate individual-level trust as …
Persistent link: https://www.econbiz.de/10013136779
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Stockholding in Spain
Ampudia Fraile, Miguel - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 4, pp. 415-435
This paper explores the stock holdings of Spanish households. As found for other developed countries, the major part of Spanish households does not participate in the stock market. We analyse the impact that entry costs can have in this decision by looking at how wealth, education and a series...
Persistent link: https://www.econbiz.de/10010223413
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Sustainable financial literacy and preferences for sustainable investments among young adults
Varmaz, Armin; Riebe, Katharina; Hegner, Sabrina - In: Vierteljahrshefte zur Wirtschaftsforschung 90 (2021) 4, pp. 43-69
We use a choice experiment on equity fund investments to estimate the preferences of young adults for sustainable investments relative to conventional investment funds. Our results suggest that the traditional trade-off between investment fund risk and return is still valid in the selection of...
Persistent link: https://www.econbiz.de/10014234973
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Informative social interactions
Arrondel, Luc; Calvo Pardo, Héctor F.; Giannitsarou, … - 2019
informative social interactions enter households'stockholding decisions. Re- spondents report perceptions about their circle of …
Persistent link: https://www.econbiz.de/10012133173