Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Industry Clusters and the Geography of Portfolio Choice
Jawad M. Addoum, Stefanos Delikouras, Da Ke, and George M. Korniotis ♦ Using detailed data on U.S. households’ locations, employment, and financial portfolios, we document that individuals employed in locally clustered industries are more likely to invest in risky assets. This pattern is…