Financial Windfalls, Portfolio Allocations, and Risk Preferences
收藏NBER2023-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31864
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资源简介：
We investigate the impact of financial windfalls on household portfolio choices and risk exposure. Exploiting the randomized assignment of lottery prizes in three Swedish lotteries, we find a windfall gain of $100K leads to a 5-percentage-point decrease in the risky share of household portfolios. We
提供机构：
美国国家经济研究局
创建时间：
2023-11-01
