Household Asset Holding Diversification in Australia

Francesco  Mariotti; Karen Mumford; Yolanda Pena-Boquete

doi:10.1111/1467-8462.12093

Household Asset Holding Diversification in Australia

Francesco Mariotti, Karen Mumford, Yolanda Pena-Boquete

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

We explore asset holding diversification by Australian households, in particular, the household asset diversification participation decision (whether or not to diversify at all) is jointly estimated with the decision of how much to diversify. In so doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household financial decision making. Our findings are consistent with the participation of households operating in diverse financial markets being constrained by ineffective information conduits, influencing the decision of whether or not to diversify.

Original language	English
Pages (from-to)	43-64
Number of pages	22
Journal	Australian Economic Review
Volume	48
Issue number	1
Early online date	25 Feb 2015
DOIs	https://doi.org/10.1111/1467-8462.12093
Publication status	Published - Mar 2015

Keywords

Asset allocation
Asset Diversification
Household finance
Zero-inflated beta

Access to Document

10.1111/1467-8462.12093

Cite this

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