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000069693 037__ $$aART-2017-104702
000069693 041__ $$aeng
000069693 100__ $$0(orcid)0000-0003-1399-5484$$aCallado-Muñoz, F.J.
000069693 245__ $$aAnalysis of variance in household financial portfolio choice: evidence from Spain
000069693 260__ $$c2017
000069693 5060_ $$aAccess copy available to the general public$$fUnrestricted
000069693 5203_ $$aWe analyse the determinants of the household financial portfolio allocation using an estimator and a variance decomposition that take into account the constrained nature of household portfolio allocations. We apply these methods to a large data set of financial assets. Results show that the main factors underlying household financial portfolio choice in Spain are age and net wealth. Among others, there is also evidence of sizeable effects associated with risk aversion, education, liquidity constraints and income, but very modest effects are associated with family size and having accounts in stand-alone internet banks. Implications for policy are also derived.
000069693 536__ $$9info:eu-repo/grantAgreement/ES/UZ/CUD2013-08$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2016-76255-P$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2015-67999-R$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2013-48496-C4-4-R$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2013-45395-R$$9info:eu-repo/grantAgreement/ES/DGA-FSE/S125$$9info:eu-repo/grantAgreement/ES/DGA/CREVALOR
000069693 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000069693 590__ $$a0.563$$b2017
000069693 591__ $$aBUSINESS, FINANCE$$b86 / 98 = 0.878$$c2017$$dQ4$$eT3
000069693 592__ $$a0.259$$b2017
000069693 593__ $$aAccounting$$c2017$$dQ3
000069693 593__ $$aFinance$$c2017$$dQ3
000069693 593__ $$aEconomics and Econometrics$$c2017$$dQ3
000069693 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000069693 700__ $$0(orcid)0000-0003-3550-6370$$aGonzález-Chapela, J.
000069693 700__ $$0(orcid)0000-0001-9304-3517$$aUtrero-González, N.
000069693 773__ $$g67, 5 (2017), 439-459$$pFinance úvÏer$$tFINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE$$x0015-1920
000069693 85641 $$uhttp://journal.fsv.cuni.cz/storage/1392_439_-_459_callado_munoz_final_issue_05_2017.pdf$$zTexto completo de la revista
000069693 8564_ $$s955229$$uhttps://zaguan.unizar.es/record/69693/files/texto_completo.pdf$$yVersión publicada
000069693 8564_ $$s75369$$uhttps://zaguan.unizar.es/record/69693/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000069693 909CO $$ooai:zaguan.unizar.es:69693$$particulos$$pdriver
000069693 951__ $$a2019-11-05-11:51:02
000069693 980__ $$aARTICLE