The study on Uncertainty and Portfolio of Household Financial Assets
This paper studies the relationship between uncertainty and portfolio of household financial assets by empirical analysis. Our study aim is to provide households with more theoretical guidance and practice mode about portfolio of financial assets. In this paper, we regard Beijing households as investigative objects. Firstly, based on the Chow test, we find that uncertainty aroused by China institution change will influence portfolio of household financial assets. Secondly, portfolio of household financial assets is excessively sensitive to household income shocks based on excessively sensitive equation. Finally, based on co-integration theory and error correction model, this paper well analyzes the influence of income uncertainty to portfolio of household financial assets.
uncertainty household portfolio financial assets
Zhang Hui Wang Yan
School of Science, Communication University of China, Beijing, 100024
国际会议
成都
英文
470-473
2010-07-09（万方平台首次上网日期，不代表论文的发表时间）