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

DOI10.1016/J.ECONLET.2012.05.021zbMATH Open1254.91765OpenAlexW2083253502MaRDI QIDQ1925894FDOQ1925894

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

Recommendations

• Does relative risk aversion vary with wealth? Evidence from households portfolio choice data
• Household risk aversion and portfolio choices
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• Relative risk aversion once more: An analysis of Japanese households' financial asset holding pattern

zbMATH Keywords

relative risk aversionexogenous difference habitnoncapital incomerisky asset share

Mathematics Subject Classification ID

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

Cites Work

• Risk Vulnerability and the Tempering Effect of Background Risk

Cited In (6)

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

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