Uncertainty and household portfolio choice : Evidence from South Korea
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DOI: 10.1016/j.econlet.2019.03.009
Abstract: Abstract We examine the effect of policy uncertainty on household portfolio choice using the Korea Labor and Income Panel Study (KLIPS). Policy uncertainty significantly reduces the amount of risky assets in a household’s portfolio on… read more here.
Keywords: household portfolio; portfolio choice; uncertainty; policy uncertainty ... See more keywords
Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field
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DOI: 10.1093/rfs/hhaa131
Abstract: We test whether probability weighting affects household portfolio choice in a representative survey. On average, people display inverse-S-shaped probability weighting, overweighting low probability events. As theory predicts, probability weighting is positively associated with portfolio underdiversification… read more here.
Keywords: household portfolio; portfolio underdiversification; probability; probability weighting ... See more keywords
Social Endowment Insurance and Inequality of the Household Portfolio Choice: The Moderating Effect of Financial Literacy
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DOI: 10.1177/21582440231152399
Abstract: China implements different social endowment insurance policies between urban and rural areas which may cause differences in investment decisions of urban and rural households. Based on the 2013 to 2017 China Household Finance Survey (CHFS)… read more here.
Keywords: endowment insurance; household portfolio; social endowment;