| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8113 |
| DP8113 Stockholding: Participation, Location, and Spillovers | |
| Michael Haliassos; Dimitris Georgarakos | |
| 发表日期 | 2010-11-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper provides the first joint analysis of household stockholding participation, location among stockholding modes, and participation spillovers. Our model matches observed participation, conditional and unconditional, and asset location patterns. We find that financial sophistication correlates strongly only with direct stockholding and mutual fund participation, while social interactions mainly influence stockholding through retirement accounts. Whether retirement account owners include stocks in them strongly depends on owner characteristics, unlike with mutual fund owners and investment in stock funds. Stockholding is more common among retirement account owners, but mainly because of owner characteristics rather than spillovers from retirement account ownership. |
| 主题 | Financial Economics |
| 关键词 | Asset location Household finance Multivariate probit Retirement accounts Simulated maximum likelihood Stockholding |
| URL | https://cepr.org/publications/dp8113 |
| 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/536935 |
| 推荐引用方式 GB/T 7714 | Michael Haliassos,Dimitris Georgarakos. DP8113 Stockholding: Participation, Location, and Spillovers. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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