Electronic Resource
Oxford, UK and Boston, USA
:
Blackwell Publishers Ltd
Review of income and wealth
47 (2001), S. 0
ISSN:
1475-4991
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
The two-dimensional aspects of dwellings occupied by their owner, consumption and investment, make the analysis of households’ portfolio choice and the analysis of housing purchases more difficult. But it seems difficult to analyze portfolio decisions without taking account of owner-occupied housing that has an important effect on wealth composition over the life cycle. In this paper we estimated a portfolio choice model where the different dwellings are defined as assets and we showed that we cannot separate investment decisions from housing consumption. Especially, risky assets demand should be greatly influenced by attitudes toward home property.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/1475-4991.00031
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