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 …

, earn higher portfolio returns, and ultimately accumulate higher levels of wealth later in life. Underlying these effects …' life-cycle wealth profiles. …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

Data from the Italian Survey of Households Income and Wealth (SHIW) are used to study portfolio allocations change in … response to fluctuations in wealth. In particular I test for the prediction of models with habit formation that changes in … liquid wealth will affect households' risk aversion and risky asset investment. After controlling for the decision to enter …

the portfolio share invested in risky assets is an increasing and concave function of financial wealth, leading to …

This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine … financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …

investments. While households typically have undiversified equity portfolios, diversification is increasing in wealth …

the portfolio share invested in risky assets is an increasing and concave function of financial wealth, leading to …