demand is lower for owner-occupied housing, bank deposits, and bonds. -- Household asset allocation ; portfolio choice ; two …

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 …

equity. Using US household data for the period 1996 to 2006, we find that household demand for real estate is relatively high …

behavior are found across cultural groups, controlling for household characteristics. Financial behavior tends to converge with …

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 …

-period life cycle model, where the household decides on optimal consumption and investment in a portfolio with one risk-free and … one risky asset. The optimal solution depends primarily on the household's choice of the present value of the consumption … is set below the present value of endowment income, then the household behaves in such a way to avoid relative losses in …