| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14264 |
| DP14264 Do Role Models Affect Risk-Taking Behavior? The Case of Minorities | |
| Yosef Bonaparte; Sarah Khalaf; George Korniotis | |
| 发表日期 | 2019-12-31 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We show that social changes, like the success of role models, affects household financial decisions. Specifically, minorities underinvest in equity, which contributes to the widening racial wealth gap. But the election of President Obama in 2008, who is a role model from minorities, is a positive social change that should encourage investing. Indeed, post-2008 and compared to White Americans, minorities, trade more often, have a higher propensity to increase risk tolerance as well as allocations to risky assets and savings, and a lower propensity to exit the market. Overall, we show that societal factors affect the racial stock ownership gap. |
| 主题 | Financial Economics |
| 关键词 | Asset allocation Stock ownership Savings Trading Wealth gap Scf Psid |
| URL | https://cepr.org/publications/dp14264-0 |
| 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/543153 |
| 推荐引用方式 GB/T 7714 | Yosef Bonaparte,Sarah Khalaf,George Korniotis. DP14264 Do Role Models Affect Risk-Taking Behavior? The Case of Minorities. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
