Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/17162
Full metadata record
DC FieldValueLanguage
dc.contributor.authorWilkins, Ren
dc.contributor.authorCardak, Ben
dc.date.accessioned2019-04-13T03:32:56Zen
dc.date.accessioned2011-05-12T01:11:14Zen
dc.date.available2011-05-12T01:11:14Zen
dc.date.issued2008-02en
dc.identifier.isbnISSN 1328-4991 (Print) ISSN 1447-5863 (Online) ISBN 978-0-7340-3270-6en
dc.identifier.urihttps://hdl.handle.net/10620/17162en
dc.identifier.urihttp://hdl.handle.net/10620/3296en
dc.description.abstractWe study the portfolio allocation decisions of Australian households using the relatively new Household Income and Labour Dynamics in Australia (HILDA) survey. We focus on household allocations to risky financial assets. Our empirical analysis considers a range of hypothesised determinants of these allocations. We find background risk factors posed by labour income uncertainty and health risk are important. Credit constraints and observed risk preferences play the expected role. A positive age gradient is identified for risky asset holdings and homeownership is associated with greater risky asset holdings. A unifying theme for many of our empirical findings is the important role played by financial awareness and knowledge in determining risky asset holdings. Many non-stockholding households appear to lack the experience and financial literacy that might enable them to benefit from direct investment in stocks.en
dc.subject.classificationFinanceen
dc.subject.classificationFinance -- Assetsen
dc.titleThe Determinants of Household Risky Asset Holdings: Background Risk and Other Factorsen
dc.typeReports and technical papersen
dc.identifier.urlhttp://www.melbourneinstitute.com/hildaen
dc.identifier.surveyHILDAen
dc.description.urlhttp://www.melbourneinstitute.com/hildaen
dc.description.institutionMelbourne Institute of Applied Economic and Social Researchen
dc.title.reportMelbourne Institute of Applied Economic and Social Research Working Paper Seriesen
dc.identifier.rishttp://flosse.dss.gov.au//ris.php?id=3554en
dc.description.pages37en
local.identifier.id3554en
dc.identifier.edition2/08en
dc.identifier.edition2-Augen
dc.subject.dssIncome, wealth and financesen
dc.subject.flosseIncome, wealth and financesen
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.openairetypeReports and technical papers-
item.fulltextNo Fulltext-
Appears in Collections:Reports
Show simple item record

Page view(s)

1,892
checked on Mar 29, 2024
Google icon

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.