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
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
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:pal:palchp:978-0-230-50267-3_3
Ordering information: This item can be ordered from
http://www.palgrave.com/9780230502673
DOI: 10.1057/9780230502673_3
Access Statistics for this chapter
More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().