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A note on representativeness and household finance

Author

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  • Dierkes, Maik
  • Klos, Alexander
  • Langer, Thomas

Abstract

Previous research has shown that social households have a higher probability of owning risky assets. Using a representative sample of the German population, we demonstrate that the sociability effect is much stronger among people younger than 50.

Suggested Citation

  • Dierkes, Maik & Klos, Alexander & Langer, Thomas, 2011. "A note on representativeness and household finance," Economics Letters, Elsevier, vol. 113(1), pages 62-64, October.
    • Handle: RePEc:eee:ecolet:v:113:y:2011:i:1:p:62-64
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    References listed on IDEAS

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    1. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2011. "Individual Risk Attitudes: Measurement, Determinants, And Behavioral Consequences," Journal of the European Economic Association, European Economic Association, vol. 9(3), pages 522-550, June.
    2. Jeffrey R. Brown & Zoran Ivković & Paul A. Smith & Scott Weisbenner, 2008. "Neighbors Matter: Causal Community Effects and Stock Market Participation," Journal of Finance, American Finance Association, vol. 63(3), pages 1509-1531, June.
    3. repec:bla:jfinan:v:59:y:2004:i:1:p:137-163 is not listed on IDEAS
    4. Steven D. Levitt & John A. List, 2007. "What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 153-174, Spring.
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    Cited by:

    1. Becker, Gideon, 2014. "The portfolio structure of German households: A multinomial fractional response approach with unobserved heterogeneity," University of Tübingen Working Papers in Business and Economics 74, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    2. Becker, Gideon & Dimpfl, Thomas, 2014. "Labor income risk and the reluctance of fouseholds to invest in risky financial assets: A panel data analysis," University of Tübingen Working Papers in Business and Economics 72, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    3. Luik, Marc-André & Berlemann, Michael, 2014. "Institutional Reform and Depositors’ Portfolio Choice: Evidence from Censored Quantile Regressions," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100291, Verein für Socialpolitik / German Economic Association.

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