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Household Portfolios |  | Creators: Luigi Guiso, Michael Haliassos, Tullio Jappelli Publisher: The MIT Press Category: Book
List Price: $55.00 Buy New: $8.63 as of 9/8/2010 12:38 UTC details You Save: $46.37 (84%)
New (21) Used (18) from $6.49
Seller: jennypeanut1027 Rating: 1 reviews
Media: Hardcover Pages: 508 Number Of Items: 1 Shipping Weight (lbs): 2 Dimensions (in): 9 x 6.4 x 1.7
ISBN: 0262072211 Dewey Decimal Number: 332.6 EAN: 9780262072212
Publication Date: December 1, 2001 Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description Until recently, researchers in economics and finance paid relatively little attention to household portfolios. Reasons included the tendency of most households to hold simple portfolios, the inability of the dominant asset pricing models to account for household portfolio incompleteness, and the lack of detailed databases on household portfolios in many countries until the late 1980s or 1990s. Now, however, the analysis of household portfolios is emerging as a field of vigorous study. The eleven chapters in this collection provide an overview of current theoretical knowledge about the structure of household portfolios and compare predictions with empirical findings. The book describes the state-of-the-art tools of analytical, computational, and econometric investigation, as well as some of the key policy questions. It provides an original comparative analysis of household portfolios in countries for which detailed household-level data are available (the United States, the United Kingdom, Italy, Germany, and the Netherlands). Finally, it uses microdata for an in-depth study of the portfolio composition of population groups of special policy interest, such as the young, the elderly, and the rich.
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| Customer Reviews: valuable resource July 2, 2002 1 out of 1 found this review helpful
This book is a valuable resource for any economist interested in the subject of household portfolios. It provides a comprehensive overview of the state of research on portfolios, including theory, data sources and distributional and institutional aspects. Much of the work presented isn't especially original, but it's all carefully and thoughtfully done and usefully collected in one place. The cross-country comparisons are insightful and new. Overall, this is required reading for those interested in this field.
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