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 …

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 …

Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income …

Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income …

attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth disparities not only through education and higher earnings, but also through their impact on the ability to process …

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

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 …

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

of intelligence (IQ), results in frequent investor trading and subsequent investor wealth erosion across time. Using the … National Longitudinal Survey (NLSY79), change in wealth and asset allocation across time is modeled as a function of various … individual wealth creation across time …

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. …