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Cognitive abilities and portfolio choice
Christelis, Dimitris; Jappelli, Tullio; Padula, Mario - 2008
We study the relation between cognitive abilities and stockholding using the recent Survey of Health, Ageing and … abilities and stockholding is driven by information constraints, rather than by features of preferences or psychological traits. …
Persistent link: https://www.econbiz.de/10010303747
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Cognitive abilities and portfolio choice
Christelis, Dimitris; Jappelli, Tullio; Padula, Mario - Center for Financial Studies - 2008
We study the relation between cognitive abilities and stockholding using the recent Survey of Health, Ageing and … abilities and stockholding is driven by information constraints, rather than by features of preferences or psychological traits. …
Persistent link: https://www.econbiz.de/10010958649
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Cognitive Abilities and Portfolio Choice
Christelis, Dimitris; Jappelli, Tullio; Padula, Mario - Dipartimento di Economia, Università Ca' Foscari Venezia - 2008
We study the relation between cognitive abilities and stockholding using the recent Survey of Health, Ageing and … abilities and stockholding is driven by information constraints, rather than by features of preferences or psychological traits. …
Persistent link: https://www.econbiz.de/10009643870
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10010308561
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - Center for Financial Studies - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10010958490
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Investment in Financial Literacy and Saving Decisions
Jappelli, Tullio; Padula, Mario - Centro Studi di Economia e Finanza (CSEF) - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10008804720
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Investment in financial literacy, social security and portfolio choice
Jappelli, Tullio; Padula, Mario - 2013
We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...
Persistent link: https://www.econbiz.de/10010200795
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Awareness and stock market participation
Guiso, Luigi; Jappelli, Tullio - 2005
the stockholding puzzle and for estimating stock market participation costs. …
Persistent link: https://www.econbiz.de/10010298272
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Financial advisors: A case of babysitters?
Hackethal, Andreas; Haliassos, Michael; Jappelli, Tullio - 2009
We merge administrative information from a large German discount brokerage firm with regional data to examine if financial advisors improve portfolio performance. Our data track accounts of 32,751 randomly selected individual customers over 66 months and allow direct comparison of performance...
Persistent link: https://www.econbiz.de/10010303719
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Investment in financial literacy, social security and portfolio choice
Jappelli, Tullio; Padula, Mario - 2013
We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...
Persistent link: https://www.econbiz.de/10010326673