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No 832:
Down or out: assessing the welfare costs of household investment mistakes

Laurent Calvet (), John Y. Campbell and Paolo Sodini

Abstract: This paper investigates the efficiency of household investment decisions in a unique dataset containing the disaggregated wealth and income of the entire population of Sweeden.

Keywords: asset allocation; diversification; familiarity; participation; (follow links to similar papers)

JEL-Codes: D50; D90; E30; O10; (follow links to similar papers)

64 pages, January 1, 2006

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