The Effects of Occupation on Household Assets Allocation and Risk Preference

Xue ZHANG

Abstract


Based on China Household Finance Survey data, this paper uses Probit model and OLS multiple regression to analyze the effects of occupation on the household assets allocation and risk preference. It turns out that professionals located in the financial sector are more risk-loving than other industries. While the occupation has no significant impact on the proportion of holdings of equity assets. Moreover, the regional economic advantage, family assets, household income, investor’s preference and education level all have positive effects on household assets allocation.


Keywords


Household financial decision; Risk attitude; Occupation

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References


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DOI: http://dx.doi.org/10.3968/9764

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