메뉴 건너뛰기




Volumn 99, Issue 1, 1997, Pages 81-97

Saving accounts versus stocks and bonds in household portfolio allocation

Author keywords

[No Author keywords available]

Indexed keywords

HOUSEHOLD WEALTH; PORTFOLIO ALLOCATION; WEALTH DETERMINANTS;

EID: 0031440976     PISSN: 03470520     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9442.00049     Document Type: Article
Times cited : (29)

References (27)
  • 1
    • 0002956053 scopus 로고
    • Marginal taxes and the asset portfolios of Swedish households
    • Agell, J. and Edin, P.-A.: Marginal taxes and the asset portfolios of Swedish households. Scandinavian Journal of Economics 92, 47-64, 1990.
    • (1990) Scandinavian Journal of Economics , vol.92 , pp. 47-64
    • Agell, J.1    Edin, P.-A.2
  • 3
    • 0008104491 scopus 로고
    • Hypothèse du cycle de vie, diversification et composition du patrimoine: France 1986
    • Arrondel, L. and Masson, A.: Hypothèse du cycle de vie, diversification et composition du patrimoine: France 1986. Annales d'Économie et de Statistique 17, 1-45, 1990.
    • (1990) Annales d'Économie et de Statistique , vol.17 , pp. 1-45
    • Arrondel, L.1    Masson, A.2
  • 4
    • 0043033181 scopus 로고
    • Quadratic Engel curves, indirect tax reform and welfare measurement
    • University College London
    • Banks, J., Blundell, R. and Lewbel, A.: Quadratic Engel curves, indirect tax reform and welfare measurement. DP in Economics 94-04, University College London, 1994.
    • (1994) DP in Economics 94-04
    • Banks, J.1    Blundell, R.2    Lewbel, A.3
  • 6
    • 84977282944 scopus 로고
    • Tax policy and national saving in the United States: A survey
    • Bovenberg, A.: Tax policy and national saving in the United States: A survey. National Tax Journal 42, 123-38, 1989.
    • (1989) National Tax Journal , vol.42 , pp. 123-138
    • Bovenberg, A.1
  • 7
    • 0000101708 scopus 로고
    • Personal taxation and portfolio composition: An econometric analysis
    • Feldstein, M.: Personal taxation and portfolio composition: An econometric analysis. Econometrica 44, 631-50, 1976.
    • (1976) Econometrica , vol.44 , pp. 631-650
    • Feldstein, M.1
  • 8
    • 0009395959 scopus 로고
    • Transactions costs and the theory of portfolio selection
    • Goldsmith, D.: Transactions costs and the theory of portfolio selection. Journal of Finance 31, 1127-39, 1976.
    • (1976) Journal of Finance , vol.31 , pp. 1127-1139
    • Goldsmith, D.1
  • 9
    • 0000800313 scopus 로고    scopus 로고
    • Income risk, borrowing constraints and portfolio choice
    • Guiso, L., Japelli, T. and Terlizzese, D.: Income risk, borrowing constraints and portfolio choice. American Economic Review 86, 158-72, 1996.
    • (1996) American Economic Review , vol.86 , pp. 158-172
    • Guiso, L.1    Japelli, T.2    Terlizzese, D.3
  • 10
    • 70350118386 scopus 로고
    • Applied nonparametric methods
    • R. Engle and D. McFadden (eds.), North-Holland, Amsterdam
    • Haerdle, W. and Linton, O.: Applied nonparametric methods. In R. Engle and D. McFadden (eds.), Handbook of Econometrics, Vol. 4. North-Holland, Amsterdam, 2297-341, 1994.
    • (1994) Handbook of Econometrics , vol.4 , pp. 2297-2341
    • Haerdle, W.1    Linton, O.2
  • 11
    • 0029545258 scopus 로고
    • Why do so few hold stocks?
    • Haliassos, M. and Bertaut, C.: Why do so few hold stocks? Economic Journal 105, 1110-29, 1995.
    • (1995) Economic Journal , vol.105 , pp. 1110-1129
    • Haliassos, M.1    Bertaut, C.2
  • 12
    • 0001992529 scopus 로고
    • Personal taxation, pension wealth, and portfolio composition
    • Hubbard G.: Personal taxation, pension wealth, and portfolio composition. Review of Economics and Statistics 67, 53-60, 1985.
    • (1985) Review of Economics and Statistics , vol.67 , pp. 53-60
    • Hubbard, G.1
  • 13
    • 84963429203 scopus 로고
    • Dynamics of the composition of household asset portfolios and the life cycle
    • Ioannides, Y.: Dynamics of the composition of household asset portfolios and the life cycle. Applied Financial Economics 2, 145-59, 1992.
    • (1992) Applied Financial Economics , vol.2 , pp. 145-159
    • Ioannides, Y.1
  • 14
    • 0002541131 scopus 로고
    • Precautionary saving in the small and in the large
    • Kimball, M.: Precautionary saving in the small and in the large. Econometrica 58, 53-73, 1990.
    • (1990) Econometrica , vol.58 , pp. 53-73
    • Kimball, M.1
  • 15
    • 0001074951 scopus 로고
    • Asset holdings and the life cycle
    • King, M. and Dicks-Mireaux, L.: Asset holdings and the life cycle. Economic Journal 92, 247-67, 1982.
    • (1982) Economic Journal , vol.92 , pp. 247-267
    • King, M.1    Dicks-Mireaux, L.2
  • 16
    • 0039024077 scopus 로고
    • Wealth and portfolio composition: Theory and evidence. Theory and evidence
    • King, M. and Leape, J.: Wealth and portfolio composition: Theory and evidence. Theory and evidence. NBER WP 1468, 1982.
    • (1982) NBER WP , pp. 1468
    • King, M.1    Leape, J.2
  • 17
    • 0010812359 scopus 로고
    • Asset accumulation, information, and the life cycle
    • King, M. and Leape, J.: Asset accumulation, information, and the life cycle. NBER WP 2392, 1987.
    • (1987) NBER WP , pp. 2392
    • King, M.1    Leape, J.2
  • 18
    • 38249035804 scopus 로고
    • Taxes and transaction costs in asset market equilibrium
    • Leape, J.: Taxes and transaction costs in asset market equilibrium. Journal of Public Economics 33, 1-20, 1987.
    • (1987) Journal of Public Economics , vol.33 , pp. 1-20
    • Leape, J.1
  • 19
    • 0002874783 scopus 로고
    • The consumption of stockholders and non-stockholders
    • Mankiw, N. and Zeldes, S.: The consumption of stockholders and non-stockholders. Journal of Financial Economics 29, 97-112, 1991.
    • (1991) Journal of Financial Economics , vol.29 , pp. 97-112
    • Mankiw, N.1    Zeldes, S.2
  • 20
    • 84977406191 scopus 로고
    • Transaction costs and the pricing of assets
    • Mayshar, J.: Transaction costs and the pricing of assets. Journal of Finance 36, 583-97, 1981.
    • (1981) Journal of Finance , vol.36 , pp. 583-597
    • Mayshar, J.1
  • 21
    • 0000326343 scopus 로고
    • Censored regression models with unobserved, stochastic censoring thresholds
    • Nelson, F.: Censored regression models with unobserved, stochastic censoring thresholds. Journal of Econometrics 6, 309-27, 1977.
    • (1977) Journal of Econometrics , vol.6 , pp. 309-327
    • Nelson, F.1
  • 22
    • 84963105739 scopus 로고
    • Borrowing constraints and portfolio choice
    • Paxson, C.: Borrowing constraints and portfolio choice. Quarterly Journal of Economics 105, 535-43, 1990.
    • (1990) Quarterly Journal of Economics , vol.105 , pp. 535-543
    • Paxson, C.1
  • 24
    • 84959804090 scopus 로고
    • Portfolio theory, asset demand and taxation: Comparative statics with many assets
    • Sandmo, A.: Portfolio theory, asset demand and taxation: Comparative statics with many assets. Review of Economic Studies 44, 369-79, 1977.
    • (1977) Review of Economic Studies , vol.44 , pp. 369-379
    • Sandmo, A.1
  • 25
    • 70350108905 scopus 로고
    • The effects of taxation on savings and risk taking
    • A. Auerbach and M. Feldstein (eds.), North-Holland, Amsterdam
    • Sandmo, A.: The effects of taxation on savings and risk taking. In A. Auerbach and M. Feldstein (eds.), Handbook of Public Economics, Vol. 1. North-Holland, Amsterdam, 265-311, 1985.
    • (1985) Handbook of Public Economics , vol.1 , pp. 265-311
    • Sandmo, A.1
  • 26
    • 0011266227 scopus 로고
    • Portfolio choice and tax progressivity: Descriptive evidence from the survey of consumer finances
    • J. Slemrod (ed.), Cambridge University Press, New York
    • Scholz, J.: Portfolio choice and tax progressivity: Descriptive evidence from the survey of consumer finances. In J. Slemrod (ed.), Tax Progressivity and Income Inequality, Cambridge University Press, New York, 219-67, 1994.
    • (1994) Tax Progressivity and Income Inequality , pp. 219-267
    • Scholz, J.1
  • 27
    • 0000328431 scopus 로고
    • The structure of the asset portfolios of households
    • Uhler, R. and Cragg, J.: The structure of the asset portfolios of households. Review of Economic Studies 38, 341-57, 1971.
    • (1971) Review of Economic Studies , vol.38 , pp. 341-357
    • Uhler, R.1    Cragg, J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.