Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios
---- Acknowledgements ----
We received helpful comments from Manuel Arellano, John Campbell, René Garcia, Mariassunta Giannetti, Deborah Lucas, Jacques Olivier, David Thesmar, and participants at CEMFI, EDHEC Business School, HEC Paris, the Stockholm School of Economics, the University of California at Berkeley, the University of Texas at Austin, the University of Zürich, the 2009 SAET Ischia Conference, and the 2010 Annual Meeting of the American Economic Association. We thank Statistics Sweden and the Swedish Twin Registry for providing the data. The project benefited from excellent research assistance by Krister Ahlersten and Tomas Thörnqvist. This material is based upon work supported by the Agence Nationale de la Recherche under a Chaire d'Excellence to Calvet, BFI under a Research Grant to Sodini, the HEC Foundation, Riksbank, and the Wallander and Hedelius Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.