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Do intergenerational transfers offset capital market imperfections ? : evidence from a cross-section of Italian households

Guiso, Luigi - 1989

Persistent link: https://www.econbiz.de/10013452100

Labor income risk and households' risky asset holdings

Becker, Gideon; Dimpfl, Thomas - In: Studies in economics and finance 33 (2016) 2, pp. 262-280

Persistent link: https://www.econbiz.de/10011719146

Households' decision on capital market participation : what are the drivers? : a multi-factor contribution to the participation puzzle

Oehler, Andreas; Horn, Matthias - In: Financial services review : the journal of individual … 31 (2023) 4, pp. 283-305

Persistent link: https://www.econbiz.de/10014502293

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 household income over a five year period. We find that indeed higher income …

Persistent link: https://www.econbiz.de/10010350417

Best-estimates in bond markets with reinvestment risk

MacKay, Anne; Wüthrich, Mario V. - In: Risks : open access journal 3 (2015) 3, pp. 250-276

The concept of best-estimate, prescribed by regulators to value insurance liabilities for accounting and solvency purposes, has recently been discussed extensively in the industry and related academic literature. To differentiate hedgeable and non-hedgeable risks in a general case, recent...

Persistent link: https://www.econbiz.de/10011300314