2015 Conference
October 15–16, 2015
Orlando, FL
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Equity Allocation Decisions During the Great Recession
Keywords: 5 words maximum
Asset allocation, risk tolerance, financial planner
Very short description for use in the program to help attendees understand more than a title can describe
Using the Survey of Consumer Finances (SCF) from 2007 to 2009, we analyze changes in household equity allocations during the Great Recession. In particular, we analyze changes in equity allocations within Individual Retirement Arrangements (IRAs) for households with at least $10,000 in an IRA (n = 1,457). Controlling for equity market returns between interview dates and initial equity allocation, we find that changes in risk tolerance have an impact on changes in equity allocation. Individual who became more risk averse reduce their equity allocation, and individuals who became more risk tolerant increase their equity allocation.
Lead & Corresponding Author
Benjamin F. Cummings, Ph.D., CFP(R), Saint Joseph's University
Job Title
Assistant Professor
Additional Authors
Dr. Chris Browning, Ph.D., Texas Tech University
Job Title
Assistant Professor