Financial Advice and Household Financial Portfolios*

IF 1.5 3区经济学 Q2 ECONOMICS

Oxford Bulletin of Economics and Statistics Pub Date : 2024-05-11 DOI:10.1111/obes.12613

Sarah Brown, Alessandro Bucciol, Alberto Montagnoli, Karl Taylor

引用次数: 0

Abstract

We explore the demand for financial advice and the role of such advice in shaping household financial portfolios. Since taking financial advice may not be randomly allocated among households, understanding the drivers behind receiving financial advice is important before exploring the role of financial advice in shaping the composition of household portfolios. A number of specification tests are undertaken, including exploring the sensitivity of the results to selection as well matching estimation techniques. The analysis reveals that financial advice is inversely (positively) associated with the share of wealth held in real estate (bonds and stocks).

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财务咨询和家庭财务组合*

我们探讨了对理财建议的需求以及这些建议在形成家庭理财组合方面的作用。由于接受理财建议可能不会在家庭中随机分配，因此在探讨理财建议在形成家庭投资组合中的作用之前，了解接受理财建议背后的驱动因素非常重要。我们进行了一系列规范测试，包括探讨结果对选择和匹配估计技术的敏感性。分析表明，理财建议与房地产（债券和股票）所占财富比例呈反（正）相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Oxford Bulletin of Economics and Statistics 管理科学-统计学与概率论

CiteScore

5.10

自引率

0.00%

发文量

审稿时长

>12 weeks

期刊介绍： Whilst the Oxford Bulletin of Economics and Statistics publishes papers in all areas of applied economics, emphasis is placed on the practical importance, theoretical interest and policy-relevance of their substantive results, as well as on the methodology and technical competence of the research. Contributions on the topical issues of economic policy and the testing of currently controversial economic theories are encouraged, as well as more empirical research on both developed and developing countries.