Patterns of Household Financial Asset Ownership

FINANCIAL COUNSELING AND PLANNING, Vol. 6, 1995

Posted: 17 May 1998

Abstract

Patterns of household financial asset ownership were investigated with data from the 1989 Survey of Consumer Finance. In terms of ownership associations between two assets, 22 pairs (61%) of assets showed positive effects on each other. For instance, owning a savings account increases the chance of owning checking accounts, and vice versa. Eight pairs (22%) did not affect each other in terms of ownership. Four pairs (11%) negatively influenced the ownership on each other. The remaining two pairs (6%) showed asymmetrical effects. These results may help planners better understand client behavior in owning various financial assets.

JEL Classification: D10

Suggested Citation

Xiao, Jing Jian, Patterns of Household Financial Asset Ownership. FINANCIAL COUNSELING AND PLANNING, Vol. 6, 1995, Available at SSRN: https://ssrn.com/abstract=7478

Jing Jian Xiao (Contact Author)

University of Rhode Island ( email )

Transition Center
Kingston, RI 02881
United States
401-874-2547 (Phone)
401-874-4020 (Fax)

HOME PAGE: http://www.uri.edu/hss/hdf/faculty/JingJXiao.htm

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