External Habit Formation and the Home Bias Puzzle
SSRN Electronic JournalPublished 1 January 2002Open access
Stephen H. Shore, Joshua S. White
Citations59
Generate an AI Snapshot to get a quick, structured summary of this paper.
Study Snapshot
ObjectiveStudy objective
MethodsResearch methodology
PopulationPopulation studied
Sample sizeSample sizes
OutcomesStudy outcomes here
ResultsStudy results comes here
LimitationsResearch study limitations comes here
A concise AI-generated summary of the paper will appear here once you click Generate AI Snapshot.
Abstract
Download This Paper Open PDF in Browser Add Paper to My Library Share: Permalink Using these links will ensure access to this page indefinitely Copy URL Copy DOI
Keywords
Economics, Econometrics and Finance
Elsevier eBooksDoes Economic Growth Improve the Human Lot? Some Empirical Evidence
4,327 Citations1974Richard A. Easterlin
Journal of Economic Behavior & OrganizationWill raising the incomes of all increase the happiness of all?
3,122 Citations1995Richard A. Easterlin
Southern Economic JournalFoundations of International Macroeconomics
3,089 Citations1997Richard T. Froyen, Maurice Obstfeld +1 more
The Journal of FinanceHome Bias at Home: Local Equity Preference in Domestic Portfolios
3,033 Citations1999Joshua D. Coval, Tobias J. Moskowitz
Journal of Political EconomyHabit Formation: A Resolution of the Equity Premium Puzzle
2,182 Citations1990George M. Constantinides
National Bureau of Economic ResearchThe Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
2,069 Citations2000Maurice Obstfeld, Kenneth Rogoff
The Journal of FinanceSocial Interaction and Stock‐Market Participation
1,892 Citations2004Harrison Hong, Jeffrey D. Kubik +1 more
The Bell Journal of EconomicsThe Valuation of Uncertain Income Streams and the Pricing of Options
1,686 Citations1976Mark Rubinstein
Journal of Economic LiteratureTrying to Explain Home Bias in Equities and Consumption
1,433 Citations1999Karen K. Lewis
Journal of International Money and FinanceHome bias and high turnover
1,283 Citations1995Linda L. Tesar, Ingrid M. Werner
The Journal of FinancePortfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk
1,105 Citations2000J.B. Heaton, Deborah Lucas
Journal of Financial EconomicsThe portfolio flows of international investors
963 Citations2001Kenneth Froot, Paul G. O’Connell +1 more
The Journal of FinanceExcessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock
852 Citations2001Shlomo Benartzi
RePEc: Research Papers in EconomicsFoundations of International Macroeconomics
766 Citations1996Maurice Obstfeld, Kenneth Rogoff
Review of Financial StudiesHome Bias in Equity Portfolios, Inflation Hedging, and International Capital Market Equilibrium
707 Citations1994Ian A. Cooper, Evi Kaplanis
Journal of money credit and bankingKeeping up with the Joneses: Consumption Externalities, Portfolio Choice, and Asset Prices
651 Citations1994Jordi Galı́
Journal of Political EconomyCatching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices
459 Citations2002Yeung L. Chan, Leonid Kogan
National Bureau of Economic ResearchSocial Interaction and Stock-Market Participation
418 Citations2001Harrison Hong, Jeffrey D. Kubik +1 more
The Journal of FinanceDiversification, Integration and Emerging Market Closed‐End Funds
373 Citations1996Geert Bekaert, Michael S. Urias
Handbook of macroeconomicsChapter 19 Asset prices, consumption, and the business cycle
320 Citations1999John Y. Campbell
SSRN Electronic JournalSocial Interaction and Stock Market Participation
282 Citations2001Harrison Hong, Jeffrey D. Kubik +1 more
National Bureau of Economic ResearchThe Portfolio Flows of International Investors, I
236 Citations1998Kenneth Froot, Paul G. O’Connell +1 more
The Journal of FinanceTHE STRONG CASE FOR THE GENERALIZED LOGARITHMIC UTILITY MODEL AS THE PREMIER MODEL OF FINANCIAL MARKETS
222 Citations1976Robert H. Litzenberger, Mark Rubinstein
European Economic ReviewWages, profits and the international portfolio puzzle
185 Citations1996Laura Bottazzi, Paolo Pesenti +1 more
Journal of International EconomicsInternational portfolio nondiversification and exchange rate variability
175 Citations1989Alan C. Stockman, Harris Dellas
Journal of International Money and FinanceHome bias and high turnover reconsidered
150 Citations2002Francis E. Warnock
National Bureau of Economic ResearchCatching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices
149 Citations2001Yeung L. Chan, Leonid Kogan
The Journal of FinanceDiversification, Integration and Emerging Market Closed-End Funds
136 Citations1996Geert Bekaert, Michael S. Urias
National Bureau of Economic ResearchThe Information Content of International Portfolio Flows
124 Citations2001Kenneth Froot, Tarun Ramadorai
Review of Financial StudiesAn Isomorphism Between Asset Pricing Models With and Without Linear Habit Formation
96 Citations2002Mark Schröder, Costis Skiadas
Medical Entomology and ZoologyOne Up On Wall Street: How To Use What You Already Know To Make Money In The Market
75 Citations1989Peter Lynch, John Rothchild
Journal of Multinational Financial ManagementHome bias and international capital asset pricing model with human capital
35 Citations2001Alain Coën
National Bureau of Economic ResearchConsumption, Stock Returns, and the Gains from International Risk-Sharing
18 Citations1996Karen K. Lewis
SSRN Electronic JournalNumeraire Portfolio Tests of the Size and Source of Gains from International Diversification
10 Citations2002Ludger Hentschel, J. Bradford De Long
Advances in financial economicsPreferences on relative return: A potential explanation for some pricing anomalies
7 Citations2004Beni Lauterbach, Haim Reisman
SSRN Electronic JournalAn Isomorphism Between Asset Pricing Models With and Without Linear Habit Formation
6 Citations2000Mark Schröder, Costis Skiadas
SSRN Electronic JournalThe CAPM with Preferences on Relative Consumption: An Explanation to the Home Bias Enigma and Some Price Anomalies
3 Citations1999Haim Reisman
