The financial mistakes of households and their social costs.

HOUSEHOLD FiNANCE

Written on 31 October 2018.


Forthcoming in the American Economic Review, Professor Raman Uppal's paper entitled "The financial mistakes of households and their social costs", co-written with Professor Harjoat Bhamra.

What their research work shows is that, in addition to the direct benefits of diversification, there are substantial indirect benefits both for individual households and for the aggregate economy. Therefore, encouraging households to hold better-diversified portfolios would not only benefit individual households but also boost economic growth.

Abstract and more on their findings: https://voxeu.org/article/financial-mistakes-households-and-their-social...

Raman Uppal is Professor of Finance at EDHEC, and PhD in Finance Programme Academic Director. His main research interest is studying the impact of various frictions on portfolio choice and asset price; he currently teaches a course on Continuous-time Financial Economics in the PhD in Finance programme.

 

 

 

See Also

The FIR-PRI Awards “Finance & Sustainability” prize for “best pedagogical innovation”: preparing future generations to fight climate change.
News
- 18-10-2021
At EDHEC, we want to take part in the fight against climate change. Through our...
Stanford Summer Program: one of EDHEC’s opportunities to grab
News
- 14-10-2021
Shantanu Khandelwal, Master 2 student had the opportunity to join the selective...
Immersion at Station F for start-up challenge finalists !
News
- 13-10-2021
Devised for students with start-up projects on the Pre-Master and Master 1 years of the...
Financing your MBA - are you eligible for a scholarship?
News
- 12-10-2021
How to finance your Global MBA abroad is a critical question you need to think about...