Does Household Finance Matter? Small Financial Errors with Large Social Costs
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Harjoat S. Bhamra & Raman Uppal, 2019. "Does Household Finance Matter? Small Financial Errors with Large Social Costs," American Economic Review, American Economic Association, vol. 109(3), pages 1116-1154, March.
References listed on IDEAS
- Constantinides, George M & Duffie, Darrell, 1996. "Asset Pricing with Heterogeneous Consumers," Journal of Political Economy, University of Chicago Press, vol. 104(2), pages 219-240, April.
- Back, Kerry, 2010. "Asset Pricing and Portfolio Choice Theory," OUP Catalogue, Oxford University Press, number 9780195380613.
- Richard H. Thaler & Shlomo Benartzi, 2004.
"Save More Tomorrow (TM): Using Behavioral Economics to Increase Employee Saving,"
Journal of Political Economy,
University of Chicago Press, vol. 112(S1), pages 164-187, February.
- Shlomo Benartzi & Richard Thaler, 2004. "Save more tomorrow: Using behavioral economics to increase employee saving," Natural Field Experiments 00337, The Field Experiments Website.
- Nataliya Barasinska & Dorothea Schäfer & Andreas Stephan, 2008.
"Financial Risk Aversion and Household Asset Diversification,"
Discussion Papers of DIW Berlin
807, DIW Berlin, German Institute for Economic Research.
- Nataliya Barasinska & Dorothea Schäfer & Andreas Stephan, 2009. "Financial Risk Aversion and Household Asset Diversification," Working Paper / FINESS 6.1A, DIW Berlin, German Institute for Economic Research.
- Nataliya Barasinska & Dorothea Schäfer & Andreas Stephan, 2008. "Financial Risk Aversion and Household Asset Diversification," SOEPpapers on Multidisciplinary Panel Data Research 117, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Barasinska, Nataliya & Schäfer, Dorothea & Stephan, Andreas, 2008. "Financial Risk Aversion and Household Asset Diversification," Working Paper Series in Economics and Institutions of Innovation 137, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
- Robert Ready & Mariano Croce & Federico Gavazzoni & Riccardo Colacito, 2016.
"Currency Risk Factors in a Recursive Multi-Country Economy,"
2016 Meeting Papers
297, Society for Economic Dynamics.
- Colacito, Riccardo & Croce, Mariano Massimiliano & Gavazzoni, Federico & Ready, Robert, 2018. "Currency Risk Factors in a Recursive Multicountry Economy," CEPR Discussion Papers 12610, C.E.P.R. Discussion Papers.
- Dimmock, Stephen G. & Kouwenberg, Roy & Mitchell, Olivia S. & Peijnenburg, Kim, 2016. "Ambiguity aversion and household portfolio choice puzzles: Empirical evidence," Journal of Financial Economics, Elsevier, vol. 119(3), pages 559-577.
- Epstein, Larry G & Zin, Stanley E, 1989.
"Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework,"
Econometric Society, vol. 57(4), pages 937-969, July.
- Larry G. Epstein & Stanley E. Zin, 1987. "Substitution, Risk Aversion and the Temporal Behaviour of Consumption and Asset Returns I: A Theoretical Framework," Working Paper 699, Economics Department, Queen's University.
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Fong, Joelle H. & Koh, Benedict SK. & Mitchell, Olivia S. & Rohwedder, Susann, 2019. "Financial literacy and suboptimal financial decisions at older ages," CFS Working Paper Series 630, Center for Financial Studies (CFS).
More about this item
Keywordsfamiliarity bias; growth; Portfolio choice; social welfare; underdiversification;
- E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-DGE-2017-12-03 (Dynamic General Equilibrium)
- NEP-FDG-2017-12-03 (Financial Development & Growth)
- NEP-FLE-2017-12-03 (Financial Literacy & Education)
- NEP-MAC-2017-12-03 (Macroeconomics)
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:12414. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.