This paper studies the importance of stock market literacy and trust for stock ownership decisions. We find that these …, also explain the share of investment in stocks. Once we account for stock market literacy, sociability is no longer … significant for participation; what matters is literacy rather than sociability. Further, we observe that economic shocks and …

Does economic policy uncertainty affect household stockholding? To answer this question we create a novel measure of …

results indicates that lack of financial literacy, low risk tolerance and lack of trust in financial institutions are the …. Interestingly, lack of financial literacy, low risk tolerance, lack of trust in financial institutions and high stock market return … macro-prudential policy makers as increasing financial literacy of households and increasing trust in financial …

significantly increases the likelihood of stockholding and the share of wealth invested in stocks. Moreover, this effect operates … with stockholding. The effect of broadband access concentrates among people with high socioeconomic status. Our study …