Is Household Diversification Increasing in Wealth? Norwegian Evidence

Is Household Diversification Increasing in Wealth? Norwegian Evidence

Bernt Arne Ødegaard

University of Stavanger (UiS)

April 2017.

We study the diversification properties of equity portfolios using data on all Norwegian households with equity investments. While households typically have undiversified equity portfolios, diversification is increasing in wealth.

Keywords: Household Finance; Equity Portfolio Diversification

JEL Codes: D14; G02; G11;

Highlights