Wealth and Portfolio Composition
Abstract
This paper provides basic statistics on household total wealth, financial assets, and financial assets composition of the elderly as key indicators of the well-being and quality of life of the elderly. Median total wealth varies much less than median financial wealth across countries. As for financial asset ownership, the chapter focuses on bonds, stocks, mutual funds and life-insurance policies and documents the polarization between Nordic and Mediterranean countries. The elderly tend to invest more in stocks and to have a more diversified portfolio in Northern and Central Europe than in the South. The chapter also offers insights about the relation between financial risk exposure and age and the time that the elderly spend managing their financial assets.Download Info
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Paper provided by Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy in its series CSEF Working Papers with number 132.Length:
Date of creation: 01 Mar 2005
Date of revision:
Publication status: Published in Health, Ageing and Retirement in Europe - First Results from the Survey of Health, Assets and Retirement in Europe, edited by A. Börsch-Supan, A. Brugiavini, H. Jürges, J. Mackenbach, J. Siegrist, and G. Weber. Mannheim: Mannheim Research Institute for the Economics of Aging, April 2005
Handle: RePEc:sef:csefwp:132
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Keywords:This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-03-20 (All new papers)
- NEP-EEC-2005-03-20 (European Economics)
- NEP-FIN-2005-03-20 (Finance)
References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Dimitrios Christelis & Tullio Jappelli & Mario Padula, 2006.
"Cognitive Abilities and Portfolio Choice,"
CSEF Working Papers
157, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Christelis, Dimitris & Jappelli, Tullio & Padula, Mario, 2010. "Cognitive abilities and portfolio choice," European Economic Review, Elsevier, vol. 54(1), pages 18-38, January.
- Christelis, Dimitris & Jappelli, Tullio & Padula, Mario, 2006. "Cognitive Abilities and Portfolio Choice," CEPR Discussion Papers 5735, C.E.P.R. Discussion Papers.
- Dimitris Christelis & Tullio Jappelli & Mario Padula, 2008. "Cognitive Abilities and Portfolio Choice," Working Papers 2008_19, Department of Economics, University of Venice "Ca' Foscari".
- Klevmarken, N. Anders, 2006. "The Distribution of Wealth in Sweden: Trends and Driving factors," Working Paper Series 2006:4, Uppsala University, Department of Economics.
- Sieds, 2009. "Complete Volume LXIII nn.3-4 2009," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - Italian Review of Economics, Demography and Statistics, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 0(3-4), pages 1-224.
- André Masson & Daniel Verger & Luc Arrondel, 2008.
"Le patrimoine en France : état des lieux, historique et perspectives,"
Économie et Statistique,
Programme National Persée, vol. 417(1), pages 3-25.
- Arrondel, Luc & Masson, André & Verger, Daniel, 2009. "Le patrimoine en France : état des lieux, historique et perspectives," Open Access publications from Université Paris-Dauphine urn:hdl:123456789/5056, Université Paris-Dauphine.
- Skopek, Nora & Buchholz, Sandra & Blossfeld, Hans-Peter, 2011. "Wealth inequality in Europe and the delusive egalitarianism of Scandinavian countries," MPRA Paper 35307, University Library of Munich, Germany.
- Christine Lai, 2008. "How Retired Households and Households Approaching Retirement Handle Their Equity Investments in the United States," Journal of Family and Economic Issues, Springer, vol. 29(4), pages 601-622, December.
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