We use a long panel with information on expected and realized changes in household finances to study the process of …

This paper explores how the anticipated expenditure on children's college education affects household asset allocation … results show that if a household plans to send a child to college, the probability of holding risky assets increases by 1 … kinds of investment products, thereby promoting household investment diversification. …

studying household decision-making in various facets of economics and finance. We discuss studies that encompass the following …

Using micro household survey data from China, this study finds that women are less likely to participate in the stock … market than men. This gender pattern in market participation rates holds when we control for household features … study’s findings suggest the crucial role of gender and gender-related cultural norms in shaping household financial …