Habit persistence in assets demand.

Habit persistence is examined for six asset demand categories using U.S. data and a dynamic forward‐looking model. We find habit persistence is greater for more liquid assets compared to riskier assets and may in part explain low holdings of riskier assets. Cash assets are found to be substitutes wi...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 89; no. 3; pp. 975 - 986
Main Authors:	Fleissig, Adrian R., Swofford, James L.
Format:	Article
Published:	Wiley-Blackwell Jan2023
Subjects:	Habit Money market funds Bond funds Portfolio management (Investments) Assets (Accounting) Liquid assets
Online Access:	View this record in EBSCOhost