69693 20191105115801.0 sideral 104702 ART-2017-104702 eng (orcid)0000-0003-1399-5484 Callado-Muñoz, F.J. Analysis of variance in household financial portfolio choice: evidence from Spain 2017 Access copy available to the general public Unrestricted We 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. info:eu-repo/grantAgreement/ES/UZ/CUD2013-08 info:eu-repo/grantAgreement/ES/MINECO/ECO2016-76255-P info:eu-repo/grantAgreement/ES/MINECO/ECO2015-67999-R info:eu-repo/grantAgreement/ES/MINECO/ECO2013-48496-C4-4-R info:eu-repo/grantAgreement/ES/MINECO/ECO2013-45395-R info:eu-repo/grantAgreement/ES/DGA-FSE/S125 info:eu-repo/grantAgreement/ES/DGA/CREVALOR info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 0.563 2017 BUSINESS, FINANCE 86 / 98 = 0.878 2017 Q4 T3 0.259 2017 Accounting 2017 Q3 Finance 2017 Q3 Economics and Econometrics 2017 Q3 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion (orcid)0000-0003-3550-6370 González-Chapela, J. (orcid)0000-0001-9304-3517 Utrero-González, N. 67, 5 (2017), 439-459 Finance úvÏer FINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE 0015-1920 http://journal.fsv.cuni.cz/storage/1392_439_-_459_callado_munoz_final_issue_05_2017.pdf Texto completo de la revista 955229 http://zaguan.unizar.es/record/69693/files/texto_completo.pdf Versión publicada 75369 http://zaguan.unizar.es/record/69693/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:69693 articulos driver 2019-11-05-11:51:02 ARTICLE