Is relative risk aversion constant? A reinterpretation of recent asset allocation findings at the micro level

DOI10.1016/J.ECONLET.2012.05.021MaRDI QIDQ1925894zbMATHOpenAlexFDO

Authors Desu Liu

Publication date 27 December 2012

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2012.05.021

zbMATH Keywords

relative risk aversionexogenous difference habitnoncapital incomerisky asset share

Mathematics Subject Classification ID

Portfolio theory (91G10) Financial applications of other theories (91G80)

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Cites work

• Risk Vulnerability and the Tempering Effect of Background Risk

Cited in

(6)

• Relative risk aversion: what do we know?
• Relative risk aversion once more: An analysis of Japanese households' financial asset holding pattern
• On the shape of risk aversion and asset allocation
• What is the impact of wealth shocks on asset allocation?
• Household risk aversion and portfolio choices
• Does relative risk aversion vary with wealth? Evidence from households portfolio choice data

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