Measurement of diversification between asset classes in the Survey of Consumer Finances

Su Hyun Shin, Martin C. Seay and Kyong Tae Kim

Economics Letters, 2017, vol. 156, issue C, 22-26

Abstract: Using the 2010 and 2013 Survey of Consumer Finances, we propose two new measures of asset class diversification that account for two main dimensions; the number of asset classes held and the degree of concentration of wealth in each asset class.

Keywords: Diversification; Asset allocation; Portfolio choice; Investment decisions; Survey of Consumer Finances (search for similar items in EconPapers)
JEL-codes: D12 D14 G11 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:156:y:2017:i:c:p:22-26

DOI: 10.1016/j.econlet.2017.04.007

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