Household finance [Research Reviews]
Since its emergence in the 1980s, the subject of Household Finance has rapidly grown into a critical area of economic focus. Research, policy and practitioner interest has increased as household portfolios have become more complicated in response to financial innovation and new challenges in retirem...
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar Pub. Ltd
2015
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| Online Access: | |
| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | Since its emergence in the 1980s, the subject of Household Finance has rapidly grown into a critical area of economic focus. Research, policy and practitioner interest has increased as household portfolios have become more complicated in response to financial innovation and new challenges in retirement financing. Whilst the earliest research was initially focussed on the limited tendency to hold stocks and diversify risk, recent work has developed into a broader exploration of the challenges posed by limited financial literacy, cognition, behavioural biases and cultural predispositions, and the ways to overcome them through financial education, advice, institutional reform and regulation. Including an original introduction by the editor, Household Finance brings together the most essential papers on the subject together in a comprehensive three-volume collection, and will be an invaluable resource for researchers - including practitioners with an interest in research - and students alike William R.M. Perraudin and Bent E. Sørensen (2000), 'The Demand for Risky Assets: Sample Selection and Household Portfolios' -- John Heaton and Deborah Lucas (2000), 'Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk' -- Luis M. Viceira (2001), 'Optimal Portfolio Choice for Long-Horizon Investors with Nontradable Labor Income' -- Michael Haliassos and Alexander Michaelides (2003), 'Portfolio Choice and Liquidity Constraints' -- Annette Vissing-Jorgensen (2003), 'Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions' -- Harvey S. Rosen and Stephen Wu (2004), 'Portfolio Choice and Health Status' -- João F. Cocco, Francisco J. Gomes and Pascal J. Maenhout (2005), 'Consumption and Portfolio Choice Over the Life Cycle' -- Francisco Gomes and Alexander Michaelides (2005), 'Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence' -- John Y. Campbell (2006), 'Household Finance' -- Lauren E. Willis (2011), 'The Financial Education Fallacy' -- Esther Duflo and Emmanuel Saez (2002), 'Participation and Investment Decisions in a Retirement Plan: The Influence of Colleagues' Choices' -- Harrison Hong, Jeffrey D. Kubik and Jeremy C. Stein (2004), 'Social Interaction and Stock-Market Participation' -- Markku Kaustia and Samuli Knüpfer (2012), 'Peer Performance and Stock Market Entry' -- Dimitris Georgarakos, Michael Haliassos and Giacomo Pasini (2014), 'Household Debt and Social Interactions' -- Roman Inderst and Marco Ottaviani (2009), 'Misselling through Agents' -- Daniel Bergstresser, John M.R. Chalmers and Peter Tufano (2009), 'Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry' -- John Y. Campbell, Howell E. Jackson, Brigitte C. Madrian and Peter Tufano (2011), 'Consumer Financial Protection' -- Andreas Hackethal, Michael Haliassos and Tullio Jappelli (2012), 'Financial Advisors: A Case of Babysitters?' -- James J. Choi, David Laibson and Brigitte C. Madrian (2011), '$100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans' -- Maarten van Rooij, Annamaria Lusardi and Rob Alessie (2011), 'Financial Literacy and Stock Market Participation' -- Mark Grinblatt, Matti Keloharju and Juhani Linnainmaa (2011), 'IQ and Stock Market Participation' Steven J. Davis, Felix Kubler and Paul Willen (2006), 'Borrowing Costs and the Demand for Equity Over the Life Cycle' -- Nicholas Barberis, Ming Huang and Richard H. Thaler (2006), 'Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing' Maria Concetta Chiuri and Tullio Jappelli (2003), 'Financial Market Imperfections and Home Ownership: A Comparative Study' -- John Y. Campbell and João F. Cocco (2003), 'Household Risk Management and Optimal Mortgage Choice' -- João F. Cocco (2004), 'Portfolio Choice in the Presence of Housing' -- Rui Yao and Harold H. Zhang (2005), 'Optimal Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints' -- Todd Sinai and Nicholas S. Souleles (2005), 'Owner-Occupied Housing as a Hedge Against Rent Risk' -- Raj Chetty and Adam Szeidl (2007), 'Consumption Commitments and Risk Preferences' -- Atif Mian and Amir Sufi (2009), 'The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis' -- Ronel Elul, Nicholas S. Souleles, Souphala Chomsisengphet, Dennis Glennon and Robert Hunt (2010), 'What Triggers Mortgage Defaults' -- Luigi Guiso, Paola Sapienza and Luigi Zingales (2013), 'The Determinants of Attitudes Toward Strategic Default on Mortgages' -- Atif Mian and Amir Sufi (2011), 'House Prices, Home Equity-Based Borrowing and the US Household Leverage Crisis' -- David B. Gross and Nicholas S. Souleles (2002), 'Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data' -- David B. Gross and Nicholas S. Souleles (2002), 'An Empirical Analysis of Personal Bankruptcy and Delinquency' -- Scott Fay, Erik Hurst and Michelle J. White (2002), 'The Household Bankruptcy Decision' -- David Laibson, Andrea Repetto and Jeremy Tobacman (2001), 'A Debt Puzzle' -- Carol C. Bertaut, Michael Haliassos and Michael Reiter (2008), 'Credit Card Debt Puzzles and Debt Revolvers for Self-Control' -- Stephan Meier and Charles Sprenger (2010), 'Present-Biased Preferences and Credit Card Borrowing' -- Irina A. Telyukova (2013), 'Household Need for Liquidity and the Credit Card Debt Puzzle' Valery Polkovnichenko (2005), 'Household Portfolio Diversification: A Case for Rank-Dependent Preferences' -- Stijn van Nieuwerburgh and Laura Veldkamp (2010), 'Information Acquisition and Under-Diversification' -- Joshua D. Coval and Tobias J. Moskowitz (1999), 'Home Bias at Home: Local Equity Preference in Domestic Portfolios' -- Gur Huberman (2001), 'Familiarity Breeds Investment' -- Luigi Guiso and Tullio Jappelli (2005), 'Awareness and Stock Market Participation' -- Annamaria Lusardi and Olivia S. Mitchell (2007), 'Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth' -- Laurent E. Calvet, John Y. Campbell and Paolo Sodini (2007), 'Down or Out: Assessing the Welfare Costs of Household Investment Mistakes' -- Laurent E. Calvet, John Y. Campbell and Paolo Sodini (2009), 'Measuring the Financial Sophistication of Households' -- Dimitris Christelis, Tullio Jappelli and Mario Padula (2010), 'Cognitive Abilities and Portfolio Choice' -- Laurent E. Calvet, John Y. Campbell and Paolo Sodini (2009), 'Fight or Flight? Portfolio Rebalancing by Individual Investors' -- Mark Grinblatt and Matti Keloharju (2009), 'Sensation Seeking, Overconfidence, and Trading Activity' -- Yannis Bilias, Dimitris Georgarakos and Michael Haliassos (2010), 'Portfolio Inertia and Stock Market Fluctuations' -- George M. Korniotis and Alok Kumar (2011), 'Do Older Investors Make Better Investment Decisions?' Roman Inderst and Marco Ottaviani (2012), 'Financial Advice' -- Utpal Bhattacharya, Andreas Hackethal, Simon Kaesler, Benjamin Loos and Steffen Meyer (2012), 'Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study' -- Luigi Guiso, Paola Sapienza and Luigi Zingales (2006), 'Does Culture Affect Economic Outcomes?' -- Luigi Guiso, Paola Sapienza and Luigi Zingales (2008), 'Trusting the Stock Market' -- Una Okonkwo Osili and Anna L. Paulson (2008), 'Institutions and Financial Development: Evidence from International Migrants in the United States' -- Amir Barnea, Henrik Cronqvist and Stephan Siegel (2010), 'Nature or Nurture: What Determines Investor Behavior?' -- Laurent E. Calvet and Paolo Sodini (2014), 'Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios' -- Sanford J. Grossman and Guy Laroque (1990), 'Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods' -- Brad M. Barber and Terrance Odean (2000), 'Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors' -- Brad M. Barber and Terrance Odean (2001), 'Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment' -- Brigitte C. Madrian and Dennis F. Shea (2001), 'The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior' -- Mark Grinblatt and Matti Keloharju (2001), 'What Makes Investors Trade?' -- Christian Gollier and Richard J. Zeckhauser (2002), 'Horizon Length and Portfolio Risk' -- Julie Agnew, Pierluigi Balduzzi and Annika Sundén (2003), 'Portfolio Choice and Trading in a Large 401(k) Plan' -- Rob Alessie, Stefan Hochguertel and Arthur van Soest (2004), 'Ownership of Stocks and Mutual Funds: A Panel Data Analysis' -- Markus K. Brunnermeier and Stefan Nagel (2008), 'Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation' -- Michael C. Fratantoni (2001), 'Homeownership, Committed Expenditure Risk, and the Stockholding Puzzle' -- Marjorie Flavin and Takashi Yamashita (2002), 'Owner-Occupied Housing and the Composition of the Household Portfolio' Mark Grinblatt, Matti Keloharju and Juhani T. Linnainmaa (2012), 'IQ, Trading Behavior, and Performance' -- Andrew B. Abel, Janice C. Eberly and Stavros Panageas (2013), 'Optimal Inattention to the Stock Market with Information Costs and Transactions Costs' -- Robert B. Barsky, F. Thomas Juster, Miles S. Kimball and Matthew D. Shapiro (1997), 'Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study' -- Luigi Guiso and Monica Paiella (2008), 'Risk Aversion, Wealth, and Background Risk' -- Thomas Dohmen, Armin Falk, David Huffman and Uwe Sunde (2010), 'Are Risk Aversion and Impatience Related to Cognitive Ability?' -- Morgan Kelly (1995), 'All Their Eggs in One Basket: Portfolio Diversification of US Households' -- Shlomo Benartzi and Richard H. Thaler (2001), 'Naive Diversification Strategies in Defined Contribution Saving Plans' -- Karen E. Dynan, Jonathan Skinner and Stephen P. Zeldes (2004), 'Do the Rich Save More?' -- Nikolai Roussanov (2010), 'Diversification and Its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status' -- Jessica A. Wachter and Motohiro Yogo (2010), 'Why Do Household Portfolio Shares Rise in Wealth?' -- Daniel Bergstresser and James Poterba (2004), 'Asset Allocation and Asset Location: Household Evidence from the Survey of Consumer Finances' -- John Y. Campbell, Yeung Lewis Chan and Luis M. Viceira (2003), 'A Multivariate Model of Strategic Asset Allocation' -- Robert M. Dammon, Chester S. Spatt and Harold H. Zhang (2004), 'Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing' -- Francisco Gomes, Alexander Michaelides and Valery Polkovnichenko (2009), 'Optimal Savings with Taxable and Tax-Deferred Accounts' -- Recommended readings (Machine generated): Luigi Guiso, Michael Haliassos and Tullio Jappelli (2003), 'Household Stockholding in Europe: Where Do We Stand and Where Do We Go?' -- Dimitris Christelis, Dimitris Georgarakos and Michael Haliassos (2013), 'Differences in Portfolios Across Countries: Economic Environment Versus Household Characteristics' -- European Central Bank (2013), 'The Eurosystem Household Finance and Consumption Survey: Results from the First Wave' -- Irwin Friend and Marshall E. Blume (1975), 'The Demand for Risky Assets' -- N. Gregory Mankiw and Stephen P. Zeldes (1991), 'The Consumption of Stockholders and Nonstockholders' -- Zvi Bodie, Robert C. Merton and William F. Samuelson (1992), 'Labor Supply Flexibility and Portfolio Choice in a Life Cycle Model' -- Michael Haliassos and Carol C. Bertaut (1995), 'Why Do So Few Hold Stocks?' -- Luigi Guiso, Tullio Jappelli and Daniele Terlizzese (1996), 'Income Risk, Borrowing Constraints, and Portfolio Choice' -- |
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| Physical Description: | 1 v |
| ISBN: | 9781784716127 |