Showing 11 - 20 of 728,241
theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to … measure income risk as the observed variation of household income over a five year period. We find that indeed higher income … risk reduces the propensity to invest in stocks. However, when controlling for household heterogeneity as well as …
Persistent link: https://www.econbiz.de/10010350417
Persistent link: https://www.econbiz.de/10015049105
Deriving an optimal asset allocation for institutional investors hinges crucially on the quality of inputs used in the optimization. If the mean vector and the covariance matrix are known with certainty, the classical mean-variance optimization of Markowitz (1952) produces optimal portfolios....
Persistent link: https://www.econbiz.de/10012042184
Persistent link: https://www.econbiz.de/10010531305
Persistent link: https://www.econbiz.de/10001737807
Persistent link: https://www.econbiz.de/10013493619
Persistent link: https://www.econbiz.de/10011416515
Persistent link: https://www.econbiz.de/10010506803
Persistent link: https://www.econbiz.de/10011618182
Persistent link: https://www.econbiz.de/10001630061