Which economic uncertainty measure matters for households' portfolio decision?
研究比较了16种经济不确定性指标对家庭投资组合的影响，发现经济政策不确定性（EPU）指标最为重要，且已婚、高学历、年长和富裕家庭对EPU更敏感，劳动收入在其中起关键作用。
Abstract In this study, we address two research questions: Do recently developed economic uncertainty measures matter for household portfolio choices? If so, which measure is most important? Using household data, we compare 16 uncertainty measures in our unified framework. We find that the economic policy uncertainty (EPU) measure is the most important for household portfolios. We further find that married, more educated, older, and wealthier households are more sensitive to EPU. Finally, our findings highlight the importance of labor income in the sensitivity of households' portfolio decisions to uncertainty.