Household Portfolios

Author/creator Guiso, Luigi Author
Other author Haliassos, Michael Author
Other author Jappelli, Tullio Author
Format Electronic
Publication InfoCambridge : MIT Press
Description508 p.
Supplemental ContentFull text available from eBooks on EBSCOhost
Supplemental ContentFull text available from MIT Press Direct to Open Backfile HSS Monographs

Summary Annotation 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.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9780262292054
ISBN026229205X (E-Book) Active Record
Standard identifier# 9780262292054
Stock number00015994

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Electronic Resources ✔ Available