by looking at how wealth, education and a series of other characteristics affect the probability of households owning …

Frequent shifting of household portfolio composition may erode wealth due to poor market timing and transaction costs …. If household preferences are stable, the optimal wealth maximizing strategy is periodically rebalancing to maintain a … relatively constant ratio of investment assets to wealth from year to year. However, some households may fail to rebalance, or …

Frequent shifting of household portfolio composition may erode wealth due to poor market timing and transaction costs …. If household preferences are stable, the optimal wealth maximizing strategy is periodically rebalancing to maintain a … relatively constant ratio or investment assets to wealth from year to year. However, some households may fail to rebalance, or …

This paper examines the association between stock market return expectations and financial wealth holdings of older … of positive stock market return were positively associated with greater financial wealth holdings among households. Our … financial wealth holdings of households. African Americans, Hispanics, and other races were negatively associated with the …

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 … Republic of Türkiye - Household Finance and Consumption Survey. The empirical analysis concentrates on the motives behind …

The last 30 years saw substantial increases in wealth inequality and in stock market participation, smaller increases … increasing wealth inequality because stockholders, who tend to be wealthy, benefit most from a bull market. Crucially, these … counterintuitively) expected to lower rather than raise wealth inequality, again through precautionary savings; increased stock market …

financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …