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 …

We investigate the relationship between social interaction and household finances using data from the British Household … household finances and social interaction, rather than focusing one particular facet of household finances, such as the holding … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …

household contract choice: the attributes of the bank that makes the loan should play no role. If households rely on banks …-specific supply characteristics will play a role in the household's choice above any role they play through relative prices. Testing …

household contract choice: the attributes of the bank that makes the loan should play no role. If households rely on banks …-specific supply characteristics will play a role in the household's choice above any role they play through relative prices. Testing …

I show that household investment decisions depend on the manner in which information is displayed by exploiting a … that small changes in the manner in which past performance information is displayed can have large effects on household …

Economists conducting normative analyses of household financial decisions typically assume specific values of … parameters of the household utility function. We review 12 normative analyses and discuss justifications for the personal … assumptions about the personal discount rate in normative analyses of household financial decisions …

explainable by household characteristics as well as differences in risk aversion and a remainder. We employ the unexplained part …

correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. To answer this question we analyze the intra-household allocation of retirement savings between partners in … of household decision making can thus be rejected with respect to retirement savings. …