Household Asset‐Holding Diversification in Australia

22 Pages Posted: 27 Feb 2015

See all articles by Francesco Mariotti

Francesco Mariotti

Independent

Yolanda Pena-Boquete

University of Vigo

Karen Mumford

University of York (UK); IZA Institute of Labor Economics; CAMA

Multiple version iconThere are 2 versions of this paper

Date Written: March 2015

Abstract

We explore asset‐holding diversification by Australian households; in particular, the household asset diversification participation decision (whether or not to diversify at all) is jointly estimated with the decision of how much to diversify. In so doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household financial decision‐making. Our findings are consistent with the participation of households operating in diverse financial markets being constrained by ineffective information conduits, influencing the decision of whether or not to diversify.

Suggested Citation

Mariotti, Francesco and Pena-Boquete, Yolanda and Mumford, Karen A., Household Asset‐Holding Diversification in Australia (March 2015). Australian Economic Review, Vol. 48, Issue 1, pp. 43-64, 2015. Available at SSRN: https://ssrn.com/abstract=2571040 or http://dx.doi.org/10.1111/1467-8462.12093

Francesco Mariotti (Contact Author)

Independent

No Address Available

Yolanda Pena-Boquete

University of Vigo ( email )

E.U. de Enx. Técn. Industrial.
Vigo, E-36200
Spain

Karen A. Mumford

University of York (UK) ( email )

Heslington
York YO10 5DD
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

CAMA ( email )

ANU College of Business and Economics
Canberra, Australian Capital Territory 0200
Australia

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