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: Suggested Citation
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