Notice of Retraction: The study on uncertainty and portfolio of household financial assets

Abstract

This paper studies the relationship between uncertainty and portfolio of household financial assets by empirical analysis. Our study aim is to provide households with more theoretical guidance and practice mode about portfolio of financial assets. In this paper, we regard Beijing households as investigative objects. Firstly, based on the Chow test, we find that uncertainty aroused by China' institution change will influence portfolio of household financial assets. Secondly, portfolio of household financial assets is excessively sensitive to household income shocks based on excessively sensitive equation. Finally, based on co-integration theory and error correction model, this paper well analyzes the influence of income uncertainty to portfolio of household financial assets.