haku: @journal_id 1341 / yhteensä: 156
viite: 8 / 156
| Tekijä: | Perraudin, W. Sorensen, B. |
| Otsikko: | The demand for risky assets: sample selection and household portfolios |
| Lehti: | Journal of Econometrics
2000 : JUL, VOL. 97:1, p. 117-144 |
| Asiasana: | CONSUMERS FINANCE COSTS |
| Kieli: | eng |
| Tiivistelmä: | The authors estimate a microeconomic model of household asset demands that allows for the fact that households have zero holdings of most assets. The adjustments for non- observed heterogeneity generalize methods developed by Dubin and McFadden. Simulating the authors' model using a ransom sample of US households, the authors examine distributional and demographic effects on macroeconomic demands for money, stocks and bonds. |
SCIMA