Households hedge labour risk: Riksbank paper
A Riksbank paper published on Thursday finds evidence that households reduce their exposure to risky assets when they enter a more volatile industry by adjusting their portfolio holdings.
Sebastien Betermier, Thomas Jansson, Christine Parlour and Johan Walden, the paper's authors, use a detailed panel data set of Swedish households to investigate the relation between labour income risk and financial investment decisions and whether investors' portfolio decisions are affected by their income risk
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