Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios
By Laurent E. Calvet, Paolo Sodini. 2013
272 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/5ac30827122c54b9dbe4750c1ddc2f14149ef732
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
In Finance
Citations in the corpus
- Stock Market Returns and Consumption (2020, background): “We follow Calvet, Campbell, and Sodini (2007), Calvet and Sodini (2014), and Black et al. (2017) and impute bank account balances for households without a bank account using the subsample of individuals for whom we observe their bank account balance even though the earned interest is less than 100…”
- Who Are the Value and Growth Investors (2017, unknown): “…labor income is risky, as measured by self-employment (Heaton and Lucas 2000) or income volatility (Betermier, Jansson, Parlour, and Walden 2012, Calvet and Sodini 2014, Guiso, Jappelli, and Terlizzese 1996).2 Conversely, households choose an aggressive risky share if they have high financial…”
- Asset Market Participation and Portfolio Choice over the Life-Cycle (2012, unknown): “It also runs counter to recent evidence that human capital drives financial risk-taking positively (Calvet and Sodini (2014)).”
- Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets (2018, unknown): “Also using a panel of Swedish twins, Calvet and Sodini (2014) find that education is not significantly correlated with risky market participation and the risky share of financial assets once they control for yearly twin fixed effects.”
- Why Do Wealthy Parents Have Wealthy Children? (2020, unknown): “For example, recent work opens the possibility that twin studies overestimate the genetic pre-determination of individual behavior at the expense of family environment (see e.g. Björklund et al., 2006; Sacerdote, 2010; Calvet and Sodini, 2014).”
- Stock Market Wealth and the Real Economy: A Local Labor Market Approach (2019, unknown): “(2005; 2011), Campbell and Cocco (2007), Mian and Sufi (2011), Carroll et al.”
- Retail Financial Advice: Does One Size Fit All? (2015, unknown): “Calvet and Sodini (2014), for example, regress risky shares on investor attributes and year fixed effects using Swedish data and find an adjusted R(2) of 11.5%. This comparability suggests, first, that the low explanatory power of investor attributes is not sample-specific and, second, that measurem”