Acquisition patterns of financial products: A longitudinal investigation

L.J. Paas, T.H.A. Bijmolt, J.K. Vermunt

Research output: Contribution to JournalArticleAcademic

Abstract

Acquisition pattern analysis investigates orders in which households acquire products. Extant empirical studies employ cross-sectional data, providing limited insight into acquisition orders and no insight into timing of product acquisitions. We use an extensive longitudinal database for studying acquisition patterns in the financial product market, in particular financial assets. We find support for a common order of acquisition, reflecting risk levels of the financial products, and provide insight into the timing for acquiring products. We show developments of product portfolios are strongly related to the lifecycle stage of the household, income and household assets. © 2006 Elsevier B.V. All rights reserved.
Original languageEnglish
Pages (from-to)229-241
Number of pages13
JournalJournal of Economic Psychology
Volume28
Issue number2
DOIs
Publication statusPublished - 2007

Fingerprint Dive into the research topics of 'Acquisition patterns of financial products: A longitudinal investigation'. Together they form a unique fingerprint.

Cite this