| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14699 |
| 来源ID | Working Paper 14699 |
| Measuring the Financial Sophistication of Households | |
| Laurent E. Calvet; John Y. Campbell; Paolo Sodini | |
| 发表日期 | 2009-02-05 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper constructs an index of financial sophistication that, in comprehensive data on Swedish households, best explains a set of three investment mistakes: underdiversification, risky share inertia, and the tendency to sell winning stocks and hold losing stocks (the disposition effect). The index of financial sophistication increases strongly with financial wealth and household size, and to a lesser extent with education and proxies for financial experience. The index is strongly positively correlated with the share of risky assets held by a household. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w14699 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572375 |
| 推荐引用方式 GB/T 7714 | Laurent E. Calvet,John Y. Campbell,Paolo Sodini. Measuring the Financial Sophistication of Households. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14699.pdf（403KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
