Survey Design and Estimation of Portfolio Models

Raffaele Miniaci and Guglielmo Weber

Chapter 3 in Stockholding in Europe, 2003, pp 52-70 from Palgrave Macmillan

Abstract: Abstract In this chapter, we explain why household survey data on wealth and portfolio choice should be of interest to the financial community. We argue that there are two major advantages in using household survey data. First, the investigator can distinguish between two potentially different decisions: the decision of whether to hold any stocks and the decision on how much to invest in this type of assets for given financial wealth. Second, the investigator is able to concentrate on demand for stocks by resident households, a well-defined and relatively homogenous group whose behaviour can be related to standard economic theory.

Keywords: Ordinary Little Square; Risky Asset; Household Wealth; Discrete Choice Model; Portfolio Choice (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50267-3_3

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DOI: 10.1057/9780230502673_3

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