Paolo Sodini

Stockholm School of Economics - Department of Finance

Associate Professor of Finance

Sveavagen 65, Box 6501

SE-113 83 Stockholm

Sweden

http://www.hhs.se/secfi/People/Faculty/Finpso/finp

Swedish House of Finance

Drottninggatan 98

111 60 Stockholm

Sweden

  • Stockholm School of Economics - Department of Finance

    • Email
    • Tel: 46 8 7369165
    • Fax: 46 8 312327

  • Swedish House of Finance

SCHOLARLY PAPERS

15

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Top 11,262

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9,034

TOTAL CITATIONS
Rank 793

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Top 793

in Total Papers Citations

599

Scholarly Papers (15)

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1.

Rich Pickings? Risk, Return, and Skill in Household Wealth

Downloads 1,634 (24,296)
Citation 75

Rich Pickings? Risk, Return, and Skill in Household Wealth

HEC Paris Research Paper No. FIN-2016-1126, Swedish House of Finance Research Paper No. 16-03
Number of pages: 65 Posted: 21 Dec 2015 Last Revised: 20 Jan 2019
Laurent Bach, Laurent E. Calvet and Paolo Sodini
ESSEC Business School - Finance Department, SKEMA Business School and Stockholm School of Economics - Department of Finance
Downloads 1,628 (24,011)
Citation 75

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Household finance, inequality, risk-taking, factor-based investing, leverage, real estate, private equity, cost of debt.

Rich Pickings? Risk, Return, and Skill in the Portfolios of the Wealthy

CEPR Discussion Paper No. DP11734
Number of pages: 63 Posted: 03 Jan 2017
Laurent Bach, Laurent E. Calvet and Paolo Sodini
ESSEC Business School - Finance Department, SKEMA Business School and Stockholm School of Economics - Department of Finance
Downloads 6 (1,365,478)
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cost of debt, factor-based investing, household finance, inequality, leverage, private equity, real estate, risk-taking

2.

Identifying the Benefits from Home Ownership: A Swedish Experiment

Downloads 1,144 (41,228)
Citation 7

Identifying the Benefits from Home Ownership: A Swedish Experiment

Swedish House of Finance Research Paper No. 16-11, Paris December 2016 Finance Meeting EUROFIDAI - AFFI
Number of pages: 122 Posted: 29 May 2016 Last Revised: 14 Jul 2021
Paolo Sodini, Stijn Van Nieuwerburgh, Roine Vestman and Ulf von Lilienfeld‐Toal
Stockholm School of Economics - Department of Finance, Columbia University Graduate School of Business, Stockholm University - Department of Economics and Universite du Luxembourg
Downloads 1,049 (45,841)
Citation 5

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home ownership, housing wealth, marginal propensity to consume out of housing wealth, privatization of social housing

Identifying the Benefits from Homeownership: A Swedish Experiment

NBER Working Paper No. w22882
Number of pages: 123 Posted: 05 Dec 2016 Last Revised: 10 Jul 2023
Paolo Sodini, Stijn Van Nieuwerburgh, Roine Vestman and Ulf von Lilienfeld-Toal
Stockholm School of Economics - Department of Finance, Columbia University Graduate School of Business, Stockholm University - Department of Economics and Luxembourg School of Finance
Downloads 93 (613,778)

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Identifying the Benefits from Home Ownership: A Swedish Experiment

CEPR Discussion Paper No. DP11656
Number of pages: 85 Posted: 29 Nov 2016
Paolo Sodini, Stijn Van Nieuwerburgh, Roine Vestman and Ulf von Lilienfeld-Toal
Stockholm School of Economics - Department of Finance, Columbia University Graduate School of Business, Stockholm University - Department of Economics and Luxembourg School of Finance
Downloads 2 (1,391,486)
Citation 2
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collateral effect, home ownership, housing wealth, mobility, MPC

3.

Who Are the Value and Growth Investors?

Journal of Finance, Forthcoming, Paris December 2014 Finance Meeting EUROFIDAI - AFFI Paper, HEC Paris Research Paper No. FIN-2014-1043
Number of pages: 76 Posted: 21 Apr 2014 Last Revised: 15 Mar 2016
Sebastien Betermier, Laurent E. Calvet and Paolo Sodini
McGill University - Desautels Faculty of Management, SKEMA Business School and Stockholm School of Economics - Department of Finance
Downloads 1,057 (46,075)
Citation 48

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Asset pricing, factor-based investing, household finance, human capital, portfolio allocation, value premium.

4.

Fight or Flight? Portfolio Rebalancing by Individual Investors

Downloads 843 (63,149)
Citation 191

Fight or Flight? Portfolio Rebalancing by Individual Investors

AFA 2008 New Orleans Meetings Paper
Number of pages: 45 Posted: 21 Mar 2007
Laurent E. Calvet, John Y. Campbell and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics and Stockholm School of Economics - Department of Finance
Downloads 735 (74,610)
Citation 95

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Asset allocation, disposition effect, diversification, participation, portfolio rebalancing

Fight or Flight? Portfolio Rebalancing by Individual Investors

NBER Working Paper No. w14177
Number of pages: 46 Posted: 21 Jul 2008 Last Revised: 28 Sep 2022
Laurent E. Calvet, John Y. Campbell and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics and Stockholm School of Economics - Department of Finance
Downloads 108 (551,886)
Citation 96

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5.

Financial Innovation, Market Participation and Asset Prices

Downloads 792 (68,599)
Citation 5

Financial Innovation, Market Participation and Asset Prices

Number of pages: 47 Posted: 04 Oct 2001
Laurent E. Calvet, Martín Gonzalez-Eiras and Paolo Sodini
SKEMA Business School, University of Copenhagen and Stockholm School of Economics - Department of Finance
Downloads 594 (98,140)

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Endogenous Participation, Epstein-Zin Utility, Financial Innovation, Incomplete Markets, Multiple Risk Factors, Risk Premium, Spanning

Financial Innovation, Market Participation and Asset Prices

NYU Working Paper No. S-MF-02-03
Number of pages: 50 Posted: 12 Nov 2008
Laurent E. Calvet, Martín Gonzalez-Eiras and Paolo Sodini
SKEMA Business School, University of Copenhagen and Stockholm School of Economics - Department of Finance
Downloads 72 (717,351)

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Endogenous participation, Epstein-Zin utility, financial innovation, incomplete markets, multiple risk factors, spanning

Financial Innovation, Market Participation and Asset Prices

NBER Working Paper No. w9840
Number of pages: 43 Posted: 20 Jul 2003 Last Revised: 21 Nov 2022
Laurent E. Calvet, Martín Gonzalez-Eiras and Paolo Sodini
SKEMA Business School, University of Copenhagen and Stockholm School of Economics - Department of Finance
Downloads 66 (753,329)
Citation 5

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Financial Innovation, Market Participation and Asset Prices

NYU Working Paper No. FIN-02-042
Number of pages: 50 Posted: 03 Nov 2008
Laurent E. Calvet, Martín Gonzalez-Eiras and Paolo Sodini
SKEMA Business School, University of Copenhagen and Stockholm School of Economics - Department of Finance
Downloads 60 (792,991)

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Endogenous participation, Epstein-Zin utility, financial innovation, incomplete markets, multiple risk factors, spanning

6.

Countercyclical Income Risk and Portfolio Choices: Evidence from Sweden

Journal of Finance, Forthcoming, Swedish House of Finance Research Paper No. 20-20
Number of pages: 54 Posted: 22 Jun 2020 Last Revised: 07 Sep 2023
Sylvain Catherine, Paolo Sodini and Yapei Zhang
University of Pennsylvania - Finance Department, Stockholm School of Economics - Department of Finance and ShanghaiTech University - School of Entrepreneurship and Management
Downloads 673 (84,764)
Citation 7

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Household finance, Asset pricing, Disaster risk, Labor income risk, Portfolio choices

7.

Can Security Design Foster Household Risk-Taking?

Downloads 533 (114,040)
Citation 5

Can Security Design Foster Household Risk-Taking?

Journal of Finance, Forthcoming
Number of pages: 188 Posted: 02 Nov 2019 Last Revised: 26 Feb 2022
Laurent E. Calvet, Claire Celerier, Paolo Sodini and Boris Vallee
SKEMA Business School, University of Toronto - Rotman School of Management, Stockholm School of Economics - Department of Finance and Harvard Business School - Finance Unit
Downloads 532 (112,844)
Citation 5

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Behavioral biases, capital guarantee product, household finance, risk-taking, security design.

Can Security Design Foster Household Risk-Taking?

CEPR Discussion Paper No. DP14955
Number of pages: 111 Posted: 29 Jun 2020 Last Revised: 16 Aug 2020
Laurent E. Calvet, Claire Célérier, Paolo Sodini and Boris Vallee
SKEMA Business School, University of Toronto, Stockholm School of Economics - Department of Finance and Harvard Business School - Finance Unit
Downloads 1 (1,400,045)
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behavioral biases, capital guarantee product, household finance, risk-taking, security design

8.

Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios

Downloads 522 (116,991)
Citation 72

Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios

Journal of Finance, Forthcoming
Number of pages: 144 Posted: 31 Mar 2010 Last Revised: 21 Mar 2013
Laurent E. Calvet and Paolo Sodini
SKEMA Business School and Stockholm School of Economics - Department of Finance
Downloads 297 (220,325)

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Asset allocation, communication, genetics, habit formation, human capital, labor income, leverage, participation, risk-taking, social interactions, twin study

Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios

SAFE Working Paper No. 13
Number of pages: 146 Posted: 03 Apr 2013
Laurent E. Calvet and Paolo Sodini
SKEMA Business School and Stockholm School of Economics - Department of Finance
Downloads 170 (380,226)
Citation 20

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Asset allocation, communication, genetics, habit formation, human capital, labor income, leverage, participation, risk-taking, social interactions, twin study

Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios

NBER Working Paper No. w15859
Number of pages: 51 Posted: 05 Apr 2010 Last Revised: 03 May 2023
Laurent E. Calvet and Paolo Sodini
SKEMA Business School and Stockholm School of Economics - Department of Finance
Downloads 55 (829,347)
Citation 52

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9.

From Saving Comes Having? Disentangling the Impact of Saving on Wealth Inequality

Swedish House of Finance Research Paper No. 18-8
Number of pages: 56 Posted: 03 Jan 2018 Last Revised: 20 Jul 2018
Laurent Bach, Laurent E. Calvet and Paolo Sodini
ESSEC Business School - Finance Department, SKEMA Business School and Stockholm School of Economics - Department of Finance
Downloads 453 (138,886)
Citation 5

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Household finance, inequality, saving, consumption, income-to-wealth ratio

10.

Down or Out: Assessing the Welfare Costs of Household Investment Mistakes

Downloads 429 (147,963)
Citation 114

Down or Out: Assessing the Welfare Costs of Household Investment Mistakes

Harvard Institute of Economic Research Discussion Paper No. 2107, Riksbank Research Paper Series No. 28, Riksbank Working Paper No. 195
Number of pages: 65 Posted: 21 Feb 2006
Laurent E. Calvet, John Y. Campbell and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics and Stockholm School of Economics - Department of Finance
Downloads 330 (196,516)
Citation 13

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Asset allocation, diversification, familiarity, participation

Down or Out: Assessing the Welfare Costs of Household Investment Mistakes

NBER Working Paper No. w12030
Number of pages: 65 Posted: 11 Feb 2006 Last Revised: 16 Nov 2022
Laurent E. Calvet, John Y. Campbell and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics and Stockholm School of Economics - Department of Finance
Downloads 99 (588,944)
Citation 101

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Down or Out: Assessing the Welfare Costs of Household Investment Mistakes

Journal of Political Economy, Vol. 115, No. 5, 2007
Posted: 21 Dec 2007
Laurent E. Calvet, John Y. Campbell and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics and Stockholm School of Economics - Department of Finance

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11.

The Cross-Section of Household Preferences

Downloads 278 (238,775)
Citation 7

The Cross-Section of Household Preferences

Number of pages: 54 Posted: 09 Nov 2022 Last Revised: 20 May 2025
Laurent E. Calvet, John Y. Campbell, Francisco Gomes and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 255 (259,085)
Citation 2

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Life-cycle model, elasticity of intertemporal substitution, risk aversion, time preference rate, Epstein-Zin preferences, indirect inference.

The Cross-Section of Household Preferences

NBER Working Paper No. w28788
Number of pages: 42 Posted: 17 May 2021 Last Revised: 27 Feb 2023
Laurent E. Calvet, John Y. Campbell, Francisco Gomes and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 20 (1,199,234)

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The Cross-Section of Household Preferences

CEPR Discussion Paper No. DP16105
Number of pages: 120 Posted: 14 May 2021
Laurent E. Calvet, John Y. Campbell, Francisco Gomes and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 3 (1,384,878)
Citation 5
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12.

Soft Negotiators or Modest Builders? Why Women Earn Lower Real Estate Returns *

Swedish House of Finance Research Paper No. 22-14
Number of pages: 80 Posted: 30 Sep 2022 Last Revised: 30 Jul 2024
Anastasia Girshina, Laurent Bach, Paolo Sodini and MiDa Team
Stockholm School of Economics, ESSEC Business School - Finance Department, Stockholm School of Economics - Department of Finance and affiliation not provided to SSRN
Downloads 219 (301,530)
Citation 1

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gender gap, real estate, returns. JEL Classifications: G5, G11

13.

Measuring the Financial Sophistication of Households

NBER Working Paper No. w14699
Number of pages: 48 Posted: 17 Feb 2009 Last Revised: 01 Sep 2022
Laurent E. Calvet, John Y. Campbell and Paolo Sodini
SKEMA Business School, Harvard University - Department of Economics and Stockholm School of Economics - Department of Finance
Downloads 205 (321,065)
Citation 36

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14.

Soft Negotiators or Modest Builders? Why Women Earn Lower Real Estate Returns *

Proceedings of the EUROFIDAI-ESSEC Paris December Finance Meeting 2022, Swedish House of Finance Research Paper No. 23-04
Number of pages: 80 Posted: 28 Oct 2022 Last Revised: 30 Jul 2024
Laurent Bach, Anastasia Girshina and Paolo Sodini
ESSEC Business School - Finance Department, Stockholm School of Economics and Stockholm School of Economics - Department of Finance
Downloads 176 (369,147)

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gender gap, real estate, returns

15.

Household Finance: An Emerging Field

CEPR Discussion Paper No. DP8934
Number of pages: 214 Posted: 25 May 2012
Luigi Guiso, Luigi Guiso and Paolo Sodini
Einaudi Institute for Economics and FinanceEinaudi Institute for Economics and Finance (EIEF) and Stockholm School of Economics - Department of Finance
Downloads 76 (685,284)
Citation 26
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Consumer financial protection, Financial advice, Household financial decisions, Individual portfolio choice