Neighbourhood Effects and Asset Allocation

James Chong, James P. Dow and G. Michael Phillips
Additional contact information
James Chong: James Chong, Department of Finance, Real Estate & Insurance, California State University, Northridge, 18111 Nordhoff Street, Northridge, CA 91330-8379; Tel: (818) 677-4613. Email: james.chong@csun.edu

Journal of Interdisciplinary Economics, 2010, vol. 23, issue 1, 37-52

Abstract: Previous research has shown racial/ethnic effects in asset allocation. We extend these results by showing how these effects depend on the racial composition of the neighbourhood. In particular, we show that in predominately white neighbourhoods there are significant differences in asset allocations across racial groups; however, in mixed or white minority neighbourhoods, this difference disappears. We also find that Asians, a previously understudied group, show a greater willingness to hold risky assets compared with other groups.

Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jie.sagepub.com/content/23/1/37.abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:23:y:2010:i:1:p:37-52

Access Statistics for this article

More articles in Journal of Interdisciplinary Economics
Bibliographic data for series maintained by SAGE Publications ().