population aging over the period 2000–14. While there is little doubt that household savings have decreased, the true trend … of risky assets in household portfolios increases with age and barely decreases even for retired households. The main … sources of increasing household wealth are the increasing wealth of the elderly and the increasing proportion of the wealthier …

This paper studies household financial choices: why are these decisions dependent on the education level of the … household? A life cycle model is constructed to understand a rich set of facts about decisions of households with different …

. I incorporate these findings and the fact that household portfolios are underdiversified into an otherwise standard life … creates a positive correlation between a household's position in the wealth distribution and its optimism about future returns …

across the European Union increases household equity ownership. We find a significant increase in the proportion of liquid … assets invested in equity, both when a household's own country adopts the regulation and when other countries adopt the …