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Autor(en):
Haliassos, Michael; Christelis, Dimitris; Georgarakos, Dimitris 
Titel:
Stockholding: Participation, Location, and Spillovers 
Abstract:
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 include7...    »
 
Stichworte:
Arbeitspapier/Diskussionspapier 
Jahr:
2010