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Investment profile changes during the economic crisis: a study of Spanish households

Salas Rojo, Pedro LU (2018) EKHS42 20181
Department of Economic History
Abstract (Spanish)
This essay analyzes the Spanish “Financial Family Survey” for two years (2008 and 2014), answering two questions: was there a change in the investment behavior during the economic crisis? If so, what was the role of education and labor status on those changes? The implications of these changes in the investment profile in inequality dynamics are quite relevant, given the different returns they might have obtained. To answer both questions, we run three different models: a probit, a Tobit and an OLS. We have found that the different levels of education highly determined the type of asset in which Spanish households invested. Their effects vary on a great manner, depending on the decision of whether investing or not, or the portfolio... (More)
This essay analyzes the Spanish “Financial Family Survey” for two years (2008 and 2014), answering two questions: was there a change in the investment behavior during the economic crisis? If so, what was the role of education and labor status on those changes? The implications of these changes in the investment profile in inequality dynamics are quite relevant, given the different returns they might have obtained. To answer both questions, we run three different models: a probit, a Tobit and an OLS. We have found that the different levels of education highly determined the type of asset in which Spanish households invested. Their effects vary on a great manner, depending on the decision of whether investing or not, or the portfolio composition. (Less)
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author
Salas Rojo, Pedro LU
supervisor
organization
course
EKHS42 20181
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Investment, inequality, economic crisis, Spain.
language
English
id
8950181
date added to LUP
2018-08-20 14:50:26
date last changed
2018-08-20 14:50:26
@misc{8950181,
  abstract     = {This essay analyzes the Spanish “Financial Family Survey” for two years (2008 and 2014), answering two questions: was there a change in the investment behavior during the economic crisis? If so, what was the role of education and labor status on those changes? The implications of these changes in the investment profile in inequality dynamics are quite relevant, given the different returns they might have obtained. To answer both questions, we run three different models: a probit, a Tobit and an OLS. We have found that the different levels of education highly determined the type of asset in which Spanish households invested. Their effects vary on a great manner, depending on the decision of whether investing or not, or the portfolio composition.},
  author       = {Salas Rojo, Pedro},
  keyword      = {Investment,inequality,economic crisis,Spain.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Investment profile changes during the economic crisis: a study of Spanish households},
  year         = {2018},
}