Behavior of Household Portfolios in France: the Role of Housing
Behavior of Household Portfolios in France: the Role of Housing
复制标题
法国家庭投资组合的行为：住房的作用
DOI：
10.1111/1475-4991.00031
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发表时间：
2001
影响因子：
2
通讯作者：
B. Lefebvre
中科院分区：
文献类型：
--
作者：
Luc Arrondel;B. Lefebvre
住房的所有者、消费和投资的二维特征，使得家庭投资组合选择分析和住房购买分析变得更加困难。但如果不考虑对整个生命周期的财富构成具有重要影响的自住住房，似乎很难分析投资组合决策。在本文中，我们估计了一个投资组合选择模型，其中不同的住宅被定义为资产，并且我们表明我们不能将投资决策与住房消费分开。尤其是，风险资产的需求应该很大程度上受到人们对房产态度的影响。版权所有 2001 国际收入与财富研究协会。
The two-dimensional aspects of dwellings occupied by their owner, consumption and investment, make the analysis of households' portfolio choice and the analysis of housing purchases more difficult. But it seems difficult to analyze portfolio decisions without taking account of owner-occupied housing that has an important effect on wealth composition over the life cycle. In this paper we estimated a portfolio choice model where the different dwellings are defined as assets and we showed that we cannot separate investment decisions from housing consumption. Especially, risky assets demand should be greatly influenced by attitudes toward home property. Copyright 2001 by The International Association for Research in Income and Wealth.