Christiansen, Charlotte; Joensen, Juanna Shröter; … - School of Economics and Management, University of Aarhus - 2005
various financial and socioeconomic variables. We model the stock market participation decision by the probit model. The … the educational attainments and various financial and socioeconomic variables.
We model the stock market participation … heterogeneity
and instrumental variables estimation.
Keywords: Investor Education; Portfolio Choice; Stock Market Participation.
JEL …