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Brown, S. orcid.org/0000-0002-4853-9115, Bucciol, A. orcid.org/0000-0001-8163-7617, Montagnoli, A. orcid.org/0000-0002-8260-4531 et al. (1 more author) (2025) Financial advice and household financial portfolios*. Oxford Bulletin of Economics and Statistics, 87 (2). pp. 382-413. ISSN 0305-9049
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).
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2024 The Authors. Oxford Bulletin of Economics and Statistics published by Oxford University and John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits use, distribution and reproduction in any medium, provided the original work is properly cited. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 13 May 2024 13:45 |
Last Modified: | 12 Mar 2025 12:13 |
Status: | Published |
Publisher: | Wiley |
Refereed: | Yes |
Identification Number: | 10.1111/obes.12613 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:212492 |
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Financial advice and household financial portfolios. (deposited 13 May 2024 13:53)
- Financial advice and household financial portfolios*. (deposited 13 May 2024 13:45) [Currently Displayed]