Labor income risk and the reluctance of fouseholds to invest in risky financial assets: A panel data analysis
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More about this item
Keywords
household finance; risky asset market participation; labor income risk; behavioral finance; unobserved heterogeneity;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
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