I exploit a natural experiment to show that household investment decisions depend on the manner in which information is …

We investigate the determinants of a household's decision on whether to invest in risky financial assets. Financial … measure income risk as the observed variation of household income over a five year period. We find that indeed higher income … risk reduces the propensity to invest in stocks. However, when controlling for household heterogeneity as well as …

We explore asset holding diversification by Australian households, in particular, the household asset diversification … doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household …

There is increasing interest in applying lessons learned from household finance to the design of regulation, both … within and across international borders. However, household financial decisions are complex, interdependent, and … literature on household finance, beginning with the theory and empirics of asset market participation and asset allocation over …