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Down or out: assessing the welfare costs of household investment mistakes

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  • Calvet, Laurent
  • Campbell, John Y.
  • Sodini, Paolo

Abstract

This paper investigates the efficiency of household investment decisions in a unique dataset containing the disaggregated wealth and income of the entire population of Sweeden.

Suggested Citation

  • Calvet, Laurent & Campbell, John Y. & Sodini, Paolo, 2006. "Down or out: assessing the welfare costs of household investment mistakes," HEC Research Papers Series 832, HEC Paris.
    • Handle: RePEc:ebg:heccah:0832
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    More about this item

    Keywords

    asset allocation; diversification; familiarity; participation;
    All these keywords.

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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