G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7844
DP7844 The Effect of Education on Equity Holdings
Bent E Sørensen; Maria Luengo-Prado; Dmytro Hryshko
发表日期2010-06-01
出版年2010
语种英语
摘要We study the effect of education on equity ownership in the form of stocks or mutual funds (outside of retirement accounts). We find a causal effect of education on stockholding using the number of colleges in the county where the respondent grew up as an instrument and data from the Panel Study of Income Dynamics. The effect is particularly strong for whites from non-privileged backgrounds. We explore the channels through which education affects equity holdings using the Wisconsin Longitudinal Survey and find that, controlling for family fixed effects, gaining a white-collar job appears to be the main channel.
主题International Macroeconomics
关键词College openings Portfolio demand
URLhttps://cepr.org/publications/dp7844
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/536681
推荐引用方式
GB/T 7714
Bent E Sørensen,Maria Luengo-Prado,Dmytro Hryshko. DP7844 The Effect of Education on Equity Holdings. 2010.
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