Stockholding in Spain
Miguel Ampudia Fraile
This paper explores the stock holdings of Spanish households. As found for other developed countries, the major part of Spanish households does not participate in the stock market. We analyse the impact that entry costs can have in this decision by looking at how wealth, education and a series of other characteristics affect the probability of households owning stock.We also look at a sample of highly ‘sophisticated’ households from which we should expect full participation in the stock market. Lastly, we analyse how the decision to hold stocks is related to the decision of holding safe assets, housing, businesses, pension plans and consumer debt.
Year of publication: |
2013
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Authors: | Ampudia Fraile, Miguel |
Published in: |
SERIEs : Journal of the Spanish Economic Association. - Berlin : Springer, ISSN 1869-4195, ZDB-ID 2536381-5. - Vol. 4.2013, 4, p. 415-435
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Subject: | Portfolio choice | Stockholding | Household finances | Spanien | Spain | Portfolio-Management | Portfolio selection | Privater Haushalt | Household | Anlageverhalten | Behavioural finance | Aktionäre | Shareholders | Kapitalanlage | Financial investment | Aktienmarkt | Stock market | Haushaltsökonomik | Household economics |
Saved in:
freely available
Extent: | graph. Darst. |
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Type of publication: | Article |
Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Other identifiers: | 10.1007/s13209-013-0099-x [DOI] hdl:10419/158514 [Handle] |
Classification: | D14 - Personal Finance ; G11 - Portfolio Choice |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10010223413
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