Results 1 - 10
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2,408
Down or out: Assessing the welfare costs of household investment mistakes
- Journal of Political Economy
, 2007
"... This paper investigates the efficiency of household investment decisions in a unique dataset containing the disaggregated wealth and income of the entire population of Sweden. The analysis focuses on two main sources of inefficiency in the financial portfolio: underdiversification of risky assets (“ ..."
Abstract
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Cited by 171 (25 self)
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This paper investigates the efficiency of household investment decisions in a unique dataset containing the disaggregated wealth and income of the entire population of Sweden. The analysis focuses on two main sources of inefficiency in the financial portfolio: underdiversification of risky assets
Migration and household investment in rural China
- China Economic Review
, 2008
"... research. We also appreciate the research assistance of Qiuqiong Huang and Yigang Zhang. The authors acknowledge ..."
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Cited by 13 (0 self)
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research. We also appreciate the research assistance of Qiuqiong Huang and Yigang Zhang. The authors acknowledge
Household Investment-The Horizon Effect
"... ABSTRACT Individuals tend to simplify a complex portfolio decision problem into several manageable dimensions, each of which can frame their perception of risk. We check this view by studying the effect of investment horizons on households' portfolio decisions. Using the Survey of Consumer Fin ..."
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ABSTRACT Individuals tend to simplify a complex portfolio decision problem into several manageable dimensions, each of which can frame their perception of risk. We check this view by studying the effect of investment horizons on households' portfolio decisions. Using the Survey of Consumer
Household Investment through Migration in Rural China
, 2003
"... In this paper, we strive to better understand how household investment is affected by participation in migration in rural China. After we describe investment patterns across different regions of rural China, we use a theoretical model to describe a relationship between migration and investment and t ..."
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Cited by 6 (0 self)
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In this paper, we strive to better understand how household investment is affected by participation in migration in rural China. After we describe investment patterns across different regions of rural China, we use a theoretical model to describe a relationship between migration and investment
Trading is hazardous to your wealth: The common stock investment performance of individual investors
- JOURNAL OF FINANCE
, 2000
"... Individual investors who hold common stocks directly pay a tremendous performance penalty for active trading. Of 66,465 households with accounts at a large discount broker during 1991 to 1996, those that trade most earn an annual return of 11.4 percent, while the market returns 17.9 percent. The ave ..."
Abstract
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Cited by 494 (27 self)
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. The average household earns an annual return of 16.4 percent, tilts its common stock investment toward high-beta, small, value stocks, and turns over 75 percent of its portfolio annually. Overconfidence can explain high trading levels and the resulting poor performance of individual investors. Our central
Productivity of Household Investment in Health: The case of Colombia
, 1998
"... The purpose of this study is to understand how public and private investments in health in Colombia are related to future earnings of individuals. The returns to good health of individuals and the determinants of the health production function are analyzed. The magnitude of the returns to having goo ..."
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Cited by 5 (0 self)
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The purpose of this study is to understand how public and private investments in health in Colombia are related to future earnings of individuals. The returns to good health of individuals and the determinants of the health production function are analyzed. The magnitude of the returns to having
Costly search and mutual fund flows
- Journal of Finance
, 1998
"... This paper studies the flows of funds into and out of equity mutual funds. Consumers base their fund purchase decisions on prior performance information, but do so asymmetrically, investing disproportionately more in funds that performed very well the prior period. Search costs seem to be an importa ..."
Abstract
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Cited by 523 (5 self)
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This paper studies the flows of funds into and out of equity mutual funds. Consumers base their fund purchase decisions on prior performance information, but do so asymmetrically, investing disproportionately more in funds that performed very well the prior period. Search costs seem
Household investment decisions and offspring gender: parental accounting
"... Numerous behavioural factors have been identified as having an impact on household stockholding decisions. Given there is both theoretical and empirical evidence to support the premise that offspring gender can influence specific types of parental preferences, I test the theory that offspring gende ..."
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gender has an effect on parental investment decision-making. I find that 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
FA Model of Household Investment in Financial Assets
"... The theory of consumer behavior, generally considered to include household behavior, is elaborately presented in a static, strictly con-suming framework in most economic texts. Various more sophisticated aspects of household behavior have been given specialized attention in ..."
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The theory of consumer behavior, generally considered to include household behavior, is elaborately presented in a static, strictly con-suming framework in most economic texts. Various more sophisticated aspects of household behavior have been given specialized attention in
Suitability Checks and Household Investments in Structured Products*
, 2013
"... The suitability of complex financial products for household investors is an important issue in light of consumer financial protection. The U.S. Dodd-Frank Act, for instance, mandates that distributors check suitability when selling structured products to retail investors. However, little empirical e ..."
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The suitability of complex financial products for household investors is an important issue in light of consumer financial protection. The U.S. Dodd-Frank Act, for instance, mandates that distributors check suitability when selling structured products to retail investors. However, little empirical
Results 1 - 10
of
2,408