An empirical test on the determinants of households' stock market participation decision and portfolio composition.
Abstract This paper uses the U.S. Panel Study of Income Dynamics household level data to examine the factors that may affect stock market participation and portfolio composition. Three types of background risks sourced from labor income, business income and home equity, as well as some households�...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2007
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| Online Access: | https://eprints.nottingham.ac.uk/21136/ |