Sebastien Betermier

TL;DR: In this paper, a detailed panel data set of Swedish households was used to investigate the relation between their labor income risk and financial investment decisions, and they found that households do adjust their portfolio holdings when switching jobs, consistent with the idea that households hedge their human capital risk in the stock market.

TL;DR: In this paper, the determinants of value and growth investing in a large administrative panel of Swedish residents over the 1999-2007 period were investigated, and strong relationships between a household's portfolio tilt and the household's financial and demographic characteristics were found.

TL;DR: In this paper, the authors investigated value and growth investing in a large administrative panel of Swedish residents and found that households progressively shift from growth to value as they become older and their balance sheets improve.

TL;DR: In this article, a detailed panel data set of Swedish households was used to investigate the relation between their labor income risk and financial investment decisions, and they found that households do adjust their portfolio holdings when switching jobs, consistent with the idea that households hedge their human capital risk in the stock market.

TL;DR: In this article, a frictionless neoclassical model of financial markets is presented, in which firm sizes, stock returns, and the pricing kernel are all endogenously determined, parsimoniously specifying the supply and demand of financial capital allocated to each firm and providing general equilibrium sizes and returns in closed form.