Behavior of Household Portfolios in France: The Role of Housing
Abstract
The two-dimensional aspects of dwellings occupied by their owner, consumption and investment, make the analysis of households' portfolio choice and the analysis of housing purchases more difficult. But it seems difficult to analyze portfolio decisions without taking account of owner-occupied housing that has an important effect on wealth composition over the life cycle. In this paper we estimated a portfolio choice model where the different dwellings are defined as assets and we showed that we cannot separate investment decisions from housing consumption. Especially, risky assets demand should be greatly influenced by attitudes toward home property. Copyright 2001 by The International Association for Research in Income and Wealth.Download Info
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Bibliographic Info
Article provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.
Volume (Year): 47 (2001)
Issue (Month): 4 (December)
Pages: 489-514
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Patricia Sourdin, 2005. "Pension Contribution as a Commitment Device: Evidence of Sophistication among Time-inconsistent Households," School of Economics Working Papers 2005-17, University of Adelaide, School of Economics.
- Patricia Sourdin, 2005. "Pension Contributions as a Commitment device: evidence of sophistication among time-inconsistent households," Public Economics 0512009, EconWPA.
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