Financial Advice and Household Financial Portfolios
Copyright policy )Financial Advice and Household Financial Portfolios
We explore the demand for financial advice and the role of such advice in shaping household financial portfolios. Since taking financial advice may not be randomly allocated among households, understanding the drivers behind receiving financial advice is important before exploring the role of financial advice in shaping the composition of household portfolios. A number of specification tests are undertaken, including exploring the sensitivity of the results to selection as well matching estimation techniques. The analysis reveals that financial advice is inversely (positively) associated with the share of wealth held in real estate (bonds and stocks).
- University of Verona Italy
- University of Sheffield (Dept. Computer Science) United Kingdom
- University of Sheffield United Kingdom
- White Rose Consortium: University of Leeds; University of Sheffield; University of York United Kingdom
- Bonn Germany
Household Financial Portfolios, ddc:330, financial risk, financial advice, household financial portfolios, Financial Risk, D81, G11, D14, Financial Advice, Household Financial Portfolios, financial and real wealth, Financial Advice
Household Financial Portfolios, ddc:330, financial risk, financial advice, household financial portfolios, Financial Risk, D81, G11, D14, Financial Advice, Household Financial Portfolios, financial and real wealth, Financial Advice
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).4 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!