Stockholding in Spain
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. - Heidelberg : Springer, ISSN 1869-4195. - Vol. 4.2013, 4, p. 415-435
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Publisher: |
Heidelberg : Springer |
Subject: | Portfolio choice | Stockholding | Household finances |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Article |
Language: | English |
Other identifiers: | 10.1007/s13209-013-0099-x [DOI] 775140716 [GVK] hdl:10419/158514 [Handle] |
Classification: | D14 - Personal Finance ; G11 - Portfolio Choice |
Source: |
Persistent link: https://www.econbiz.de/10011650277
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