I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive … the income uncertainty channel …

Does economic policy uncertainty affect household stockholding? To answer this question we create a novel measure of … household exposure to economic policy uncertainty news by combining survey information on the hours a household spends in … reading newspapers and the frequency of such news in the popular press during a household's pre-interview period. After …

We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a … this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that … assets. Because households are subject to more background risk than previously considered, the estimated model implies a … substantially lower coefficient of risk aversion. We also find renewed support for rule-of-thumb investment strategies under the …

income risk affects equity ownership turnover. A portfolio choice model with an income process extracted from survey data … shows that idiosyncratic income shocks are more important for dynamic equity ownership decisions than aggregate stock market … risk. The model yields realistic estimates for the coefficient of relative risk aversion (= 3.09) and the discount factor …

Türkiye is compared with Euro area countries. First, we find that income and household characteristics are among the leading … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that …This paper analyzes the distribution of household portfolios in Türkiye using a fresh data set, the Central Bank of the …

explainable by household characteristics as well as differences in risk aversion and a remainder. We employ the unexplained part …We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive … inside Europe we document substantial differences. Furthermore, average risk aversion is strongly correlated with the share …