Investment Portfolios and Human Wealth

Financial Counseling and Planning, Vol. 6, 1995

Posted: 21 Feb 1996

See all articles by Hye-Kyung Lee

Hye-Kyung Lee

affiliation not provided to SSRN

Sherman D. Hanna

Ohio State University (OSU)

Abstract

The optimal proportion of a household's investment portfolio that should be in risky assets such as stocks depends on what proportion of total wealth, including human wealth, the investment portfolio represents. This article estimates the total wealth of households in the U.S. Survey of Consumer Finances, and finds that financial assets represent less than 2% of the total wealth of most households. Only the elderly are likely to have investment portfolios representing a high proportion of total wealth.

JEL Classification: G11

Suggested Citation

Lee, Hye-Kyung and Hanna, Sherman D., Investment Portfolios and Human Wealth. Financial Counseling and Planning, Vol. 6, 1995. Available at SSRN: https://ssrn.com/abstract=1139

Hye-Kyung Lee

affiliation not provided to SSRN

No Address Available

Sherman D. Hanna (Contact Author)

Ohio State University (OSU) ( email )

1787 Neil Avenue
Campbell 265D
Columbus, OH 43210
United States
614-292-4584 (Phone)

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