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Household Risk Taking after the Financial Crisis
Necker, Sarah - 2014
This study investigates whether and how the crisis in 2008/2009 affects households' risk attitudes, subjective risk and return expectations, and planned financial risk taking using the German SAVE study. Households' wealth change from end-2007 to end-2009 is not found to have an effect. However,...
Persistent link: https://www.econbiz.de/10013040085
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Locus of control and investment in risky assets
Salamanca, Nicolás; Grip, Andries de; Fouarge, Didier; … - 2016
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a …
Persistent link: https://www.econbiz.de/10011594548
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Who are the Bitcoin investors? : evidence from indirect cryptocurrency investments
Lammer, Dominique Marcel; Hanspal, Tobin; Hackethal, Andreas - 2020
Cryptocurrencies have received growing attention from individuals, the media, and regulators. However, little is known about the investors whom these financial instruments attract. Using administrative data, we describe the investment behavior of individuals who invest in cryptocurrencies with...
Persistent link: https://www.econbiz.de/10012217445
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Investing at home and abroad : different costs, different people
Christelis, Dimitris; Georgarakos, Dimitris - 2009
correlations of unobservables across different asset choices can lead to very misleading results. -- Foreign Assets ; Household …
Persistent link: https://www.econbiz.de/10003947444
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Labor income risk and the reluctance of households to invest in risky financial assets : a panel data analysis
Becker, Gideon; Dimpfl, Thomas - 2014
We investigate the determinants of a household's decision on whether to invest in risky financial assets. Financial … 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
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How does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice?
von Gaudecker, Hans-Martin - 2013
Household investment mistakes are an important concern for researchers and policymakers alike; portfolio …
Persistent link: https://www.econbiz.de/10013093580
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Consuming dividends
Bräuer, Konstantin; Hackethal, Andreas; Hanspal, Tobin - 2020 - Current version: May 2020
This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on financial behavior. We find that private...
Persistent link: https://www.econbiz.de/10012223798
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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …. -- Household finances ; diversification ; financial portfolio …
Persistent link: https://www.econbiz.de/10009729666
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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2009
hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …
Persistent link: https://www.econbiz.de/10011387313
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The case of Deutsche Telekom : how stock market crashes can persistantly affect household investment decisions
Kim, Chi Hyun; Kriwoluzky, Alexander - In: DIW weekly report : economy, politics, science : a … 11 (2021) 25, pp. 177-183
Since decades, only one fourth of German households invest in shares. One exception was during the three IPOs from 1996 to 2000 of the Deutsche Telekom, which gave Germans a taste to enter the stock market. However, the fall in the share price shortly after the second IPO, followed by corruption...
Persistent link: https://www.econbiz.de/10012586109