scholarly journals Assessing the relationship between health and household portfolio allocation

2021 ◽  
Author(s):  
Stephen Wu
Keyword(s):  
Portfolio Allocation ◽  
Household Portfolio ◽  
The Relationship

Household portfolio allocation, uncertainty, and risk

2021 ◽  
Author(s):  
Sarah Brown ◽  
Daniel Gray ◽  
Mark N. Harris ◽  
Christopher Spencer
Keyword(s):  
Portfolio Allocation ◽  
Household Portfolio

Japanese Household Portfolio Allocation Behavior

1988 ◽  
Vol 70 (1) ◽  
pp. 135 ◽  
Author(s):  
Marcus Noland
Keyword(s):  
Portfolio Allocation ◽  
Household Portfolio

Saving Accounts versus Stocks and Bonds in Household Portfolio Allocation

1997 ◽  
Vol 99 (1) ◽  
pp. 81-97 ◽  
Author(s):  
Stefan Hochguertel ◽  
Rob Alessie ◽  
Arthur Van Soest
Keyword(s):  
Portfolio Allocation ◽  
Household Portfolio

scholarly journals Social Security and Household Portfolio Allocation

10.3386/w1361 ◽  
1984 ◽  
Author(s):  
R. Glenn Hubbard
Keyword(s):  
Social Security ◽  
Portfolio Allocation ◽  
Household Portfolio

scholarly journals Household Portfolio Allocation over the Life Cycle

2013 ◽  
pp. 65-104 ◽  
Author(s):  
James M. Poterba ◽  
Andrew A. Samwick
Keyword(s):  
Life Cycle ◽  
Portfolio Allocation ◽  
Household Portfolio

Buy Now and Pay (Dearly) Later: Unraveling Consumer Financial Spinning

2021 ◽  
Vol 9 (4) ◽  
pp. 55
Author(s):  
Olivier Mesly
Keyword(s):  
Asset Pricing ◽  
Expected Returns ◽  
Capital Asset Pricing ◽  
Capital Asset ◽  
Pricing Models ◽  
Psychological Conditions ◽  
Asset Pricing Models ◽  
Household Portfolio ◽  
The Relationship ◽  
Modeling Principles

In this challenging and innovative article, we propose a framework for the consumer behavior named “consumer financial spinning”. It occurs when borrowers-consumers of products with high financial stakes accumulate unsustainable debt and disconnect from their initial financial hierarchy of needs, wealth-related goals, and preferences over their household portfolio of assets. Three behaviors characterize daredevil consumers as they spin their wheel of misfortune, which together form a dark financial triangle: overconfidence, use of rationed rationality, and deceitfulness. We provokingly adapt some of the tenets of the Markowitz and Capital Asset Pricing models in the context of the predatory paradigm that consumer financial spinning entails and use modeling principles from the data percolation methodology. We partially test the proposed framework and show under what realistic conditions the relationship between expected returns and risk may depart from linearity. Our analysis and results appear timely and important because a better understanding of the psychological conditions that fuel intense speculation may restrain market frictions, which historically have kept reappearing and are likely to reoccur on a regular basis.

scholarly journals Overconfidence, Financial Advice Seeking and Household Portfolio Under-Diversification

2021 ◽  
Vol 14 (11) ◽  
pp. 553
Author(s):  
Stijn P. M. Broekema ◽  
Marc M. Kramer
Keyword(s):  
Financial Literacy ◽  
Efficient Frontier ◽  
Household Survey ◽  
Policy Makers ◽  
Financial Advice ◽  
Household Portfolio ◽  
Financial Decision ◽  
The Difference ◽  
The Relationship

This paper examines the relationship between overconfidence and losses from under-diversification among Dutch investors. We find that a lack of proper portfolio diversification is positively associated with overconfidence. Part of this relationship is mediated through the lower propensity of overconfident individuals to hire a professional financial adviser. We use data from the 2005 wave of the DNB Dutch Household Survey that provides us with detailed portfolio data of 257 investors. We proxy for overconfidence by exploiting the difference between measured and self-assessed financial literacy, and use this proxy in a regression model (with and without mediation) to explain the difference between the actual households return and the return that could have been obtained by selecting a portfolio on the efficient frontier with equivalent risk. Our results contribute to the current discussion among policy makers on the role of financial advice and self-perceptions in household financial decision-making.

The Dividend Clientele Hypothesis: Evidence from the 2003 Tax Act

2014 ◽  
Vol 6 (1) ◽  
pp. 114-136 ◽  
Author(s):  
Laura Kawano
Keyword(s):  
Capital Gains ◽  
Tax Rates ◽  
Capital Gains Tax ◽  
Tax Rate ◽  
Consumer Finances ◽  
Household Portfolio ◽  
Using Data ◽  
The Relationship ◽  
Dividend Tax

This paper provides evidence that dividend and capital gains tax rates importantly influence household portfolio choices. Using data from the Surveys of Consumer Finances around the 2003 dividend tax reductions, I estimate the relationship between taxes and household portfolio dividend yields. I find that a one percentage point decrease in the dividend tax rate relative to the long-term capital gains tax rate causes household portfolio dividend yields to increase by 0.04 percentage points. The results suggest that high income households significantly increased their portfolio dividend yields in response to the 2003 dividend tax rate reductions. (JEL D14, G11, G35, H24)

scholarly journals Household Portfolio Allocation Over the Life Cycle

10.3386/w6185 ◽  
1997 ◽  
Author(s):  
James Poterba ◽  
Andrew Samwick
Keyword(s):  
Life Cycle ◽  
Portfolio Allocation ◽  
Household Portfolio

Interstellar gas in the central region of the Galaxy

1967 ◽  
Vol 31 ◽  
pp. 239-251 ◽  
Author(s):  
F. J. Kerr
Keyword(s):  
Central Region ◽  
Galactic Plane ◽  
Neutral Hydrogen ◽  
Continuum Emission ◽  
Galactic Centre ◽  
Interstellar Gas ◽  
Hydrogen Recombination ◽  
The Galaxy ◽  
Centre Region ◽  
The Relationship

A review is given of information on the galactic-centre region obtained from recent observations of the 21-cm line from neutral hydrogen, the 18-cm group of OH lines, a hydrogen recombination line at 6 cm wavelength, and the continuum emission from ionized hydrogen.Both inward and outward motions are important in this region, in addition to rotation. Several types of observation indicate the presence of material in features inclined to the galactic plane. The relationship between the H and OH concentrations is not yet clear, but a rough picture of the central region can be proposed.

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