Essays about: "Household portfolio choice"

Showing result 1 - 5 of 7 essays containing the words Household portfolio choice.

  1. 1. The Effect of House Price Risk on Homeowners' Portfolio Choice

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Yuhuang Sun; [2020]
    Keywords : Household finance; House price risk; Limited stock market participation; Hedging motive;

    Abstract : Using the 2017 wave of China Household Finance Survey (CHFS), this paper studies how house price risk affects homeowners' stock market participation and share of liquid financial wealth invested in stocks conditional on not moving. Exploiting the subsample of homeowners whose tenure choices are exogenous due to the institutional changes during the Chinese housing market privatization, this study finds that the correlation between housing return and stock return has a crowding-out effect on both stock market participation and stock shares among participants. READ MORE

  3. 2. The Relationship between Credit Constraints and Household Risky Assets : The Case of China

    University essay from Högskolan i Jönköping/Internationella Handelshögskolan

    Author : Shen Wen; Wu Simin; [2017]
    Keywords : Credit Constraints; Life-cycle Theory; Household Portfolio Choice; Household Risky Assets.;

    Abstract : The purpose of this empirical research is to evaluate the relationship between credit constraints and household risky assets in China. The life-cycle hypothesis theory and household portfolio choice theory is the basis of the research. READ MORE

  4. 3. Risky Asset Holding and Labour Income Risk: Evidence from Italian Households

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Haiyue Dong; Junjie Jiang; [2016]
    Keywords : Business and Economics;

    Abstract : Household portfolio choice problem has been in debate for a long time, and it be- comes more relevant nowadays. Substantial works have been done to understand the relationship between labour income risk and risky asset holding, despite that inconsistent empirical relationships are revealed. READ MORE

  5. 4. Heterogeneity of U.S. Household Labor Income: Evidence from Stock Market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Zhixue Su; [2014]
    Keywords : Labor Income Process; Heterogeneity; Optimal Portfolio Choice; Beta Decile Index Portfolio; Sector Index Portfolio;

    Abstract : The thesis is aimed to have a deeper understanding of heterogeneity of household labor income process across different educational levels and industrial categories. I utilize a fixed-effect model and risk decomposition methodology to analyze the differences of risk profile of labor income innovations and the correlation between labor income process and stock portfolio returns. READ MORE

  6. 5. Health Effects on the Households’ Stockholding Decisions

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Iryna Volkova; Tatjana Parfjonova; [2012]
    Keywords : Household portfolio choice; household stock market participation; health effects; background risk; Business and Economics;

    Abstract : This study investigates the relationship between health and households’ decisions whether to participate in the stock market or not. We construct a set of health variables and out of these, we choose the most important health factors, such as self-assessed health, mobility limitations and mental health. READ MORE