Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - Centre of Excellence for Science and Innovation … - 2008
diversification). The second part of the paper focuses on a more sophisticated strategy of diversification and asks whether financial … theory is compatible with observed diversification patterns. Based on the German Socioeconomic Panel which provides unique … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …