Social Endowment Insurance and Inequality of the Household Portfolio Choice: The Moderating Effect of Financial Literacy
Author
Abstract
Suggested Citation
DOI: 10.1177/21582440231152399
Download full text from publisher
References listed on IDEAS
- Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde, 2010.
"Are Risk Aversion and Impatience Related to Cognitive Ability?,"
American Economic Review, American Economic Association, vol. 100(3), pages 1238-1260, June.
- Dohmen, Thomas & Falk, Armin & Huffman, David B. & Sunde, Uwe, 2007. "Are Risk Aversion and Impatience Related to Cognitive Ability?," IZA Discussion Papers 2735, Institute of Labor Economics (IZA).
- Dohmen, Thomas J. & Falk, Armin & Huffman, David & Sunde, Uwe, 2010. "Are risk aversion and impatience related to cognitive ability?," Munich Reprints in Economics 20063, University of Munich, Department of Economics.
- Dohmen, T.J. & Falk, A. & Huffman, D. & Sunde, U., 2009. "Are risk aversion and impatience related to cognitive ability?," Research Memorandum 040, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Dohmen, T.J. & Falk, A. & Huffman, D. & Sunde, U., 2009. "Are risk aversion and impatience related to cognitive ability?," ROA Research Memorandum 007, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde, 2009. "Are Risk Aversion and Impatience Related to Cognitive Ability?," CESifo Working Paper Series 2620, CESifo.
- Falk, Armin & Dohmen, Thomas J & Sunde, Uwe & Huffman, David, 2007. "Are Risk Aversion and Impatience Related to Cognitive Ability?," CEPR Discussion Papers 6398, C.E.P.R. Discussion Papers.
- Falk, Armin & Dohmen, Thomas J & Sunde, Uwe & Huffman, David, 2008. "Are Risk Aversion and Impatience Related to Cognitive Ability?," CEPR Discussion Papers 6852, C.E.P.R. Discussion Papers.
- Cardak, Buly A. & Wilkins, Roger, 2009.
"The determinants of household risky asset holdings: Australian evidence on background risk and other factors,"
Journal of Banking & Finance, Elsevier, vol. 33(5), pages 850-860, May.
- Buly A Cardak & Roger K. Wilkins, 2008. "The Determinants of Household Risky Asset Holdings: Australian Evidence on Background Risk and Other Factors#," Working Papers 2008.05, School of Economics, La Trobe University.
- Buly A Cardak & Roger K. Wilkins, 2008. "The Determinants of Household Risky Asset Holdings: Australian Evidence on Background Risk and Other Factors#," Working Papers 2008.05, School of Economics, La Trobe University.
- Jere R. Behrman & Olivia S. Mitchell & Cindy K. Soo & David Bravo, 2012. "How Financial Literacy Affects Household Wealth Accumulation," American Economic Review, American Economic Association, vol. 102(3), pages 300-304, May.
- Lanying Sun & Changhao Su & Xinghui Xian, 2020. "Assessing the Sustainability of China’s Basic Pension Funding for Urban and Rural Residents," Sustainability, MDPI, vol. 12(7), pages 1-17, April.
- Christelis, Dimitris & Jappelli, Tullio & Padula, Mario, 2010.
"Cognitive abilities and portfolio choice,"
European Economic Review, Elsevier, vol. 54(1), pages 18-38, January.
- Jappelli, Tullio & Padula, Mario, 2006. "Cognitive Abilities and Portfolio Choice," CEPR Discussion Papers 5735, C.E.P.R. Discussion Papers.
- 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, 2008. "Cognitive abilities and portfolio choice," CFS Working Paper Series 2008/35, Center for Financial Studies (CFS).
- Dimitris Christelis & Tullio Jappelli & Mario Padula, 2008. "Cognitive Abilities and Portfolio Choice," Working Papers 2008_19, Department of Economics, University of Venice "Ca' Foscari".
- Terry Sicular & Yue Ximing & Björn Gustafsson & Li Shi, 2007.
"The Urban–Rural Income Gap And Inequality In China,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 53(1), pages 93-126, March.
- Terry Sicular & Ximing Yue & Björn Gustafsson & Shi Li, 2006. "The Urban-Rural Income Gap and Inequality in China," WIDER Working Paper Series RP2006-135, World Institute for Development Economic Research (UNU-WIDER).
- Luigi Guiso & Monica Paiella, 2008.
"Risk Aversion, Wealth, and Background Risk,"
Journal of the European Economic Association, MIT Press, vol. 6(6), pages 1109-1150, December.
- Guiso, Luigi & Pagel, Michaela, 2001. "Risk Aversion, Wealth and Background Risk," CEPR Discussion Papers 2728, C.E.P.R. Discussion Papers.
- Monica Paiella & Luigi Guiso, 2004. "Risk Aversion, Wealth and Background Risk," 2004 Meeting Papers 525, Society for Economic Dynamics.
- Luigi Guiso & Monica Paiella, 2007. "Risk Aversion, Wealth, and Background Risk," Economics Working Papers ECO2007/47, European University Institute.
- Luigi Guiso & Monica Paiella, 2003. "Risk Aversion, Wealth and Background Risk," Temi di discussione (Economic working papers) 483, Bank of Italy, Economic Research and International Relations Area.
- Chamon, Marcos & Liu, Kai & Prasad, Eswar, 2013.
"Income uncertainty and household savings in China,"
Journal of Development Economics, Elsevier, vol. 105(C), pages 164-177.
- Chamon, Marcos & Liu, Kai & Prasad, Eswar, 2010. "Income Uncertainty and Household Savings in China," IZA Discussion Papers 5331, Institute of Labor Economics (IZA).
- Kai Liu & Mr. Marcos d Chamon & Mr. Eswar S Prasad, 2010. "Income Uncertainty and Household Savings in China," IMF Working Papers 2010/289, International Monetary Fund.
- Marcos Chamon & Kai Liu & Eswar S. Prasad, 2010. "Income Uncertainty and Household Savings in China," NBER Working Papers 16565, National Bureau of Economic Research, Inc.
- Tin, Jan, 1998. "Household demand for financial assets: A life-cycle analysis," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(4), pages 875-897.
- Annamaria Lusardi & Olivia S. Mitchell, 2005.
"Financial Literacy and Planning: Implications for Retirement Wellbeing,"
CeRP Working Papers
46, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamarie Lusardi & Olivia S. Mitchell, 2005. "Financial Literacy and Planning: Implications for Retirement Wellbeing," Working Papers wp108, University of Michigan, Michigan Retirement Research Center.
- Annamaria Lusardi & Olivia S. Mitchell, 2011. "Financial Literacy and Planning: Implications for Retirement Wellbeing," NBER Working Papers 17078, National Bureau of Economic Research, Inc.
- Atella, Vincenzo & Brunetti, Marianna & Maestas, Nicole, 2012.
"Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE,"
Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1320-1335.
- Vincenzo Atella & Marianna Brunetti & Nicole Maestas, 2011. "Household Portfolio Choices, Health status and Health Care Systems A Cross-Country Analysis Based on SHARE," CEIS Research Paper 183, Tor Vergata University, CEIS, revised 21 Jan 2011.
- Adeline Delavande & Susann Rohwedder, 2011.
"Individuals' uncertainty about future social security benefits and portfolio choice,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 26(3), pages 498-519, April.
- Adeline Delavande & Susann Rohwedder, 2010. "Individuals' Uncertainty about Future Social Security Benefits and Portfolio Choice," Working Papers WR-782, RAND Corporation.
- Peter Adams & Michael D. Hurd & Daniel L. McFadden & Angela Merrill & Tiago Ribeiro, 2004.
"Healthy, Wealthy, and Wise? Tests for Direct Causal Paths between Health and Socioeconomic Status,"
NBER Chapters, in: Perspectives on the Economics of Aging, pages 415-526,
National Bureau of Economic Research, Inc.
- Adams, Peter & Hurd, Michael D. & McFadden, Daniel & Merrill, Angela & Ribeiro, Tiago, 2003. "Healthy, wealthy, and wise? Tests for direct causal paths between health and socioeconomic status," Journal of Econometrics, Elsevier, vol. 112(1), pages 3-56, January.
- Bucciol, Alessandro & Zarri, Luca, 2017. "Do personality traits influence investors’ portfolios?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 1-12.
- Sam Allgood & William B. Walstad, 2016. "The Effects Of Perceived And Actual Financial Literacy On Financial Behaviors," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 675-697, January.
- Gormley, Todd & Liu, Hong & Zhou, Guofu, 2010. "Limited participation and consumption-saving puzzles: A simple explanation and the role of insurance," Journal of Financial Economics, Elsevier, vol. 96(2), pages 331-344, May.
- Berkowitz, Michael K. & Qiu, Jiaping, 2006. "A further look at household portfolio choice and health status," Journal of Banking & Finance, Elsevier, vol. 30(4), pages 1201-1217, April.
- Lu, Xiaomeng & Zhang, Yong & Zhang, Yixing & Wang, Lin, 2020. "Can investment advisors promote rational investment? Evidence from micro-data in China," Economic Modelling, Elsevier, vol. 86(C), pages 251-263.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Angrisani, Marco & Atella, Vincenzo & Brunetti, Marianna, 2018.
"Public health insurance and household portfolio Choices: Unravelling financial “Side Effects” of Medicare,"
Journal of Banking & Finance, Elsevier, vol. 93(C), pages 198-212.
- Marco Angrisani & Vincenzo Atella & Marianna Brunetti, 2016. "Public Health Insurance and Household Portfolio Choices: Unraveling Financial “Side Effects” of Medicare," CEIS Research Paper 382, Tor Vergata University, CEIS, revised 07 Feb 2017.
- Yinan Yang & Qian Wang, 2018. "Insurance Inclusion, Time Preference And Stock Investment Of The Chinese Households," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(01), pages 27-44, March.
- Schäfer, Dorothea & Stephan, Andreas & Weser, Henriette, 2023. "Crisis stress for the diversity of financial portfolios — evidence from European households," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 330-347.
- Dorothea Schäfer & Michael Stöckel & Henriette Weser, 2020. "Crisis Impact on the Diversity of Financial Portfolios: Evidence from European Citizens," Discussion Papers of DIW Berlin 1899, DIW Berlin, German Institute for Economic Research.
- Vu, Thi-Hong-Phuong & Li, Chu-Shiu & Liu, Chwen-Chi, 2021. "Effects of the financial crisis on household financial risky assets holdings: Empirical evidence from Europe," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 342-358.
- Atella, Vincenzo & Brunetti, Marianna & Maestas, Nicole, 2012.
"Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE,"
Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1320-1335.
- Vincenzo Atella & Marianna Brunetti & Nicole Maestas, 2011. "Household Portfolio Choices, Health status and Health Care Systems A Cross-Country Analysis Based on SHARE," CEIS Research Paper 183, Tor Vergata University, CEIS, revised 21 Jan 2011.
- Niu, Geng & Wang, Qi & Li, Han & Zhou, Yang, 2020. "Number of brothers, risk sharing, and stock market participation," Journal of Banking & Finance, Elsevier, vol. 113(C).
- James Banks & Elena Bassoli & Irene Mammi, 2019. "Changing Risk Preferences at Older Ages," Working Papers 2019:01, Department of Economics, University of Venice "Ca' Foscari".
- Wang, Hongyang & Zhang, Dayong & Guariglia, Alessandra & Fan, Gang-Zhi, 2021. "‘Growing out of the growing pain’: Financial literacy and life insurance demand in China," Pacific-Basin Finance Journal, Elsevier, vol. 66(C).
- Zou, Jing & Deng, Xiaojun, 2019. "Financial literacy, housing value and household financial market participation: Evidence from urban China," China Economic Review, Elsevier, vol. 55(C), pages 52-66.
- Banks, James & Bassoli, Elena & Mammi, Irene, 2020. "Changing attitudes to risk at older ages: The role of health and other life events," Journal of Economic Psychology, Elsevier, vol. 79(C).
- Li, Jianjun & Li, Qize & Wei, Xu, 2020. "Financial literacy, household portfolio choice and investment return," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
- Kronenberg, C. & van Kippersluis, H. & Rohde, K.I.M., 2014. "What drives the association between health and portfolio choice?," Health, Econometrics and Data Group (HEDG) Working Papers 14/27, HEDG, c/o Department of Economics, University of York.
- Cupák, Andrej & Fessler, Pirmin & Hsu, Joanne W. & Paradowski, Piotr R., 2022. "Investor confidence and high financial literacy jointly shape investments in risky assets," Economic Modelling, Elsevier, vol. 116(C).
- Maarten C.J. van Rooij & Annamaria Lusardi & Rob J.M. Alessie, 2012.
"Financial Literacy, Retirement Planning and Household Wealth,"
Economic Journal, Royal Economic Society, vol. 122(560), pages 449-478, May.
- Maarten van Rooij & Annamaria Lusardi & Rob J. Alessie, 2011. "Financial Literacy, Retirement Planning, and Household Wealth," NBER Working Papers 17339, National Bureau of Economic Research, Inc.
- Maarten van Rooij & Annamaria Lusardi & Rob Alessie, 2011. "Financial Literacy, Retirement Planning, and Household Wealth," DNB Working Papers 313, Netherlands Central Bank, Research Department.
- Maarten van Rooij & Annamaria Lusardi & Rob Alessie, 2011. "Financial Literacy, Retirement Planning, and Household Wealth," CeRP Working Papers 119, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- van Rooij, Maarten & Lusardi, Annamaria & Alessie, Rob J. M., 2011. "Financial literacy, retirement planning, and household wealth," CFS Working Paper Series 2011/21, Center for Financial Studies (CFS).
- Inmaculada Aguiar-Díaz & María Victoria Ruiz-Mallorqui, 2022. "Private Health Insurance and Financial Risk Taking in Spain—The Moderating Effect of Subjective Risk Tolerance," IJERPH, MDPI, vol. 19(23), pages 1-13, December.
- Oscar A. Stolper & Andreas Walter, 2017. "Financial literacy, financial advice, and financial behavior," Journal of Business Economics, Springer, vol. 87(5), pages 581-643, July.
- María José Roa & Ignacio Garrón & Jonathan Barboza, 2019. "Financial Decisions and Financial Capabilities in the Andean Region," Journal of Consumer Affairs, Wiley Blackwell, vol. 53(2), pages 296-323, June.
- Tsun‐Feng Chiang, 2021. "Financial capability and investment management of Chinese households: An application of hybrid item response theory," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(4), pages 1442-1463, December.
- Neubert, Milena & Bannier, Christina E., 2016.
"Actual and perceived financial sophistication and wealth accumulation: The role of education and gender,"
VfS Annual Conference 2016 (Augsburg): Demographic Change
145593, Verein für Socialpolitik / German Economic Association.
- Bannier, Christina E. & Neubert, Milena, 2016. "Actual and perceived financial sophistication and wealth accumulation: The role of education and gender," CFS Working Paper Series 528, Center for Financial Studies (CFS).
- Christina E. Bannier & Milena Neubert, 2016. "Actual and perceived financial sophistication and wealth accumulation: The role of education and gender," Working Papers 1605, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
More about this item
Keywords
social endowment insurance; financial literacy; household portfolio; inequality;All these keywords.
Statistics
Access and download statisticsCorrections
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:sae:sagope:v:13:y:2023:i:1:p:21582440231152399. 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 CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.