Household portfolios
Theoretical and empirical analysis of the structure of household portfolios.Until recently, researchers in economics and finance paid relatively little attention to household portfolios. Reasons included the tendency of most households to hold simple portfolios, the inability of the dominant asset p...
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| Format: | eBook |
| Language: | English |
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Cambridge, Mass.
MIT Press
2002
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| Collection: | MIT Press eBook Archive - Collection details see MPG.ReNa |
| Summary: | Theoretical and empirical analysis of the structure of household portfolios.Until recently, researchers in economics and finance paid relatively little attention to household portfolios. Reasons included the tendency of most households to hold simple portfolios, the inability of the dominant asset pricing models to account for household portfolio incompleteness, and the lack of detailed databases on household portfolios in many countries until the late 1980s or 1990s. Now, however, the analysis of household portfolios is emerging as a field of vigorous study.The eleven chapters in this collection provide an overview of current theoretical knowledge about the structure of household portfolios and compare predictions with empirical findings. The book describes the state-of-the-art tools of analytical, computational, and econometric investigation, as well as some of the key policy questions. It provides an original comparative analysis of household portfolios in countries for which detailed household-level data are available (the United States, the United Kingdom, Italy, Germany, and the Netherlands). Finally, it uses microdata for an in-depth study of the portfolio composition of population groups of special policy interest, such as the young, the elderly, and the rich |
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| Item Description: | Papers presented at the Conference on Household Portfolios, held in Florence, Italy, Dec. 17-18, 1999 |
| Physical Description: | xii, 496 pages illustrations |
| ISBN: | 0262274515 9780585436852 9780262274517 0585436851 |