| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14264 |
| DP14264 The Obama Effect: Heightened Risk Tolerance, Optimism, and Wealth Accumulation by Minorities after 2008 | |
| Yosef Bonaparte; Sarah Khalaf; George Korniotis | |
| 发表日期 | 2022-05-16 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We study the financial behavior of minorities over 2007-09. We find that after 2008 and compared to whites, African Americans and Hispanics have a higher propensity to increase risk tolerance, optimism, and allocations to risky assets and lower probability of exiting the stock market. These findings cannot be explained by changes in wealth or income, and we ascribe them to the positive effects of President Obama who is a role model for minorities. Specifically, we find that the change in behavior by minorities is consistent with minorities updating their beliefs about future economic outcomes. |
| 主题 | Financial Economics |
| 关键词 | Risk tolerance Optimism Stock ownership Asset allocation Wealth gap Scf Presidential elections |
| URL | https://cepr.org/publications/dp14264-4 |
| 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/546340 |
| 推荐引用方式 GB/T 7714 | Yosef Bonaparte,Sarah Khalaf,George Korniotis. DP14264 The Obama Effect: Heightened Risk Tolerance, Optimism, and Wealth Accumulation by Minorities after 2008. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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