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This paper explores the stock holdings of Spanish households. As found for other developed countries, the major part of Spanish households does not participate in the stock market. We analyse the impact that entry costs can have in this decision by looking at how wealth, education and a series...
Persistent link: https://www.econbiz.de/10010223413
hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …
Persistent link: https://www.econbiz.de/10011387313
Numerous behavioral factors have been identified as having an impact on household stockholding decisions. Given there … offspring gender does influence household stock market participation. Specifically, I find that having only female offspring can … significantly increase the probability of stockholding. Given stockholding can have large effects on household wealth levels and …
Persistent link: https://www.econbiz.de/10013070996
household asset portfolios using Wave 6 of the HILDA Survey. Household assets are categorised as home and other property … household portfolios have very low levels of asset diversification and that the factors analysed exert a major impact …. Importantly, the behaviour observed in household portfolios appears to bear little relation to the central predictions of classic …
Persistent link: https://www.econbiz.de/10013158796
We study the diversification properties of equity portfolios using data on all Norwegian households with equity investments. While households typically have undiversified equity portfolios, diversification is increasing in wealth
Persistent link: https://www.econbiz.de/10012959326
We study the effect of political corruption on household financial well-being using microdata from the United States … costs of corruption on household societal wealth, and predominantly by the non-pecuniary effect on households' trust and … perceptions of institutional quality. Our findings suggest that political corruption largely impedes household financial …
Persistent link: https://www.econbiz.de/10012889688
financial behavior. To date, personal cultural values have only been indirectly measured through religion and trust. But these … household financial decision-making. Our study shows that cultural values can be brought from a generalized national level to … the individual level in order to improve our understanding of household financial decision making …
Persistent link: https://www.econbiz.de/10013008596
household contract choice: the attributes of the bank that makes the loan should play no role. If households rely on banks …-specific supply characteristics will play a role in the household's choice above any role they play through relative prices. Testing …
Persistent link: https://www.econbiz.de/10013010881
We study the effect of subjective mortality beliefs on life-cycle behavior. With new survey evidence, we document that survival is underestimated by the young and overestimated by the old. We calibrate a canonical life-cycle model to elicited beliefs. Relative to calibrations using actuarial...
Persistent link: https://www.econbiz.de/10012855967
Using micro household survey data from China, this study finds that women are less likely to participate in the stock … market than men. This gender pattern in market participation rates holds when we control for household features … study’s findings suggest the crucial role of gender and gender-related cultural norms in shaping household financial …
Persistent link: https://www.econbiz.de/10013238583