Household Portfolios in the Netherlands

R.J.M. Alessie, S. Hochgürtel, A.H.O. van Soest

Research output: Working paperDiscussion paperOther research output

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Abstract

We describe and analyse the portfolio structure of Dutch households using micro panel data from the CentER Savings Survey, 1993-1998.The data allows for a distinction between many types of assets.Moreover, we have information on mortgage debt, consumer debt, etc.We analyse the composition of household portfolios and the level of portfolio diversification, and its relation to age, birth cohort, and education level.We compare the ownership rates and amounts held in our survey data with published statistics derived from National Accounts and administrative data.Using discrete choice models and selection models, we relate asset ownership and asset shares to background variables such as age, household composition, education, etc.Moreover, we include subjectively measured explanatory variables reflecting attitudes towards risk and the degree of information the respondent has on financial assets.We consider static as well as dynamic panel data models.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages67
Volume2000-55
Publication statusPublished - 2000

Publication series

NameCentER Discussion Paper
Volume2000-55

Fingerprint

Household portfolios
Assets
The Netherlands
Ownership
Education
Consumer debt
Dynamic panel data model
Survey data
Birth cohort
Selection model
Statistics
Portfolio diversification
Household composition
Discrete choice models
Debt
Household
National accounts
Panel data
Administrative data
Financial assets

Keywords

  • Portfolio Choice
  • Panel Data

Cite this

Alessie, R. J. M., Hochgürtel, S., & van Soest, A. H. O. (2000). Household Portfolios in the Netherlands. (CentER Discussion Paper; Vol. 2000-55). Tilburg: Econometrics.
Alessie, R.J.M. ; Hochgürtel, S. ; van Soest, A.H.O. / Household Portfolios in the Netherlands. Tilburg : Econometrics, 2000. (CentER Discussion Paper).
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Alessie, RJM, Hochgürtel, S & van Soest, AHO 2000 'Household Portfolios in the Netherlands' CentER Discussion Paper, vol. 2000-55, Econometrics, Tilburg.

Household Portfolios in the Netherlands. / Alessie, R.J.M.; Hochgürtel, S.; van Soest, A.H.O.

Tilburg : Econometrics, 2000. (CentER Discussion Paper; Vol. 2000-55).

Research output: Working paperDiscussion paperOther research output

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N2 - We describe and analyse the portfolio structure of Dutch households using micro panel data from the CentER Savings Survey, 1993-1998.The data allows for a distinction between many types of assets.Moreover, we have information on mortgage debt, consumer debt, etc.We analyse the composition of household portfolios and the level of portfolio diversification, and its relation to age, birth cohort, and education level.We compare the ownership rates and amounts held in our survey data with published statistics derived from National Accounts and administrative data.Using discrete choice models and selection models, we relate asset ownership and asset shares to background variables such as age, household composition, education, etc.Moreover, we include subjectively measured explanatory variables reflecting attitudes towards risk and the degree of information the respondent has on financial assets.We consider static as well as dynamic panel data models.

AB - We describe and analyse the portfolio structure of Dutch households using micro panel data from the CentER Savings Survey, 1993-1998.The data allows for a distinction between many types of assets.Moreover, we have information on mortgage debt, consumer debt, etc.We analyse the composition of household portfolios and the level of portfolio diversification, and its relation to age, birth cohort, and education level.We compare the ownership rates and amounts held in our survey data with published statistics derived from National Accounts and administrative data.Using discrete choice models and selection models, we relate asset ownership and asset shares to background variables such as age, household composition, education, etc.Moreover, we include subjectively measured explanatory variables reflecting attitudes towards risk and the degree of information the respondent has on financial assets.We consider static as well as dynamic panel data models.

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Alessie RJM, Hochgürtel S, van Soest AHO. Household Portfolios in the Netherlands. Tilburg: Econometrics. 2000. (CentER Discussion Paper).