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Brent J. Davis
 
''Does financial well-being affect portfolio construction? Evidence from an online survey''
( 2018, Vol. 38 No.1 )
 
 
Portfolio construction has emerged as an important topic as retirement programs are increasingly composed of defined contribution plans. Little research has investigated how an individual´s current financial well-being affects portfolio construction. Using two measures of financial well-being, I examine how individuals create hypothetical retirement portfolios using responses from an online survey. Individuals who are better able to cope with a financial emergency allocate a higher percentage to equities and less to money market funds when controlling for risk preferences and demographics.
 
 
Keywords: Portfolio Choice, Financial Well-Being, Behavioral Finance, Personal Finance
JEL: G1 - (G11, G13, G13) Portfolios, Investments, Asset and Futures Pricing, Trading Volume & Bond Interest Rates
D1 - Household Behavior: General
 
Manuscript Received : Feb 05 2018 Manuscript Accepted : Feb 27 2018

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