Limited Stock Market Participation Among Renters and Homeowners
نویسندگان
چکیده
منابع مشابه
A Simple Model of Limited Stock Market Participation
The 1998 Survey of Consumer Finance data shows that only 48.8 percent of U.S. households owned stocks, either (i) directly or (ii) indirectly through mutual funds. In addition, there is a close relationship between shareholding and wealth. In 1998, 93 percent of the richest 1 percent of the population owned stocks; the richest 10 percent owned 85 percent of total stocks and mutual funds, compar...
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ژورنال
عنوان ژورنال: The Review of Financial Studies
سال: 2018
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhy089