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Export Reference (APA) 
Camões, F. & Vale, S. (2018). Housing valuation, wealth perception and homeowner's portfolio composition. Journal of Family and Economic Issues. 39 (3), 494-508
Export Reference (IEEE) 
F. H. Costa and S. D. Vale,  "Housing valuation, wealth perception and homeowner's portfolio composition", in Journal of Family and Economic Issues, vol. 39, no. 3, pp. 494-508, 2018
Export BibTeX 
@article{costa2018_1716165582233,
	author = "Camões, F. and Vale, S.",
	title = "Housing valuation, wealth perception and homeowner's portfolio composition",
	journal = "Journal of Family and Economic Issues",
	year = "2018",
	volume = "39",
	number = "3",
	doi = "10.1007/s10834-018-9570-y",
	pages = "494-508",
	url = "https://link.springer.com/article/10.1007%2Fs10834-018-9570-y"
}
Export RIS 
TY  - JOUR
TI  - Housing valuation, wealth perception and homeowner's portfolio composition
T2  - Journal of Family and Economic Issues
VL  - 39
IS  - 3
AU  - Camões, F.
AU  - Vale, S.
PY  - 2018
SP  - 494-508
SN  - 1058-0476
DO  - 10.1007/s10834-018-9570-y
UR  - https://link.springer.com/article/10.1007%2Fs10834-018-9570-y
AB  - This study explores the link between wealth perception from an appreciation of the residential property price and homeowners’ preference toward asset categories pooled by risk. Household survey data for Portugal were used to build shares of low, medium, and high risk assets representing fractions of household’s total wealth. Data showed incomplete household portfolios along with housing capturing the largest share of households’ wealth, in line with the literature on composition puzzles. The findings indicate robust empirical evidence that the rate of housing valuation is an indicator of households’ wealth perception. When the housing price appreciates with respect to its initial cost, households suffer an endowment effect and tend to increase diversity in their portfolio, expanding the holdings of safe deposits as they raise the share of high risk assets.
ER  -