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Chasing rainbows : on the relationship between lottery tickets and common stocks
Johansen, Kathrin; Singer, Nico - 2012
This paper analyses the relationship between lottery tickets and common stocks using cross sectional household data for the U.K. and Germany. In contrast to a previous empirical finding that predicts a complementary effect and nonexpected utility models that predict a substitutional effect, we...
Persistent link: https://www.econbiz.de/10009750178
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Social interaction and stock market participation : evidence from British panel data
Brown, Sarah; Taylor, Karl - 2010
This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at the individual level. In accordance with the existing literature, the results reveal...
Persistent link: https://www.econbiz.de/10003958900
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Social Interaction and Stock Market Participation : Evidence from British Panel Data
Brown, Sarah - 2010
This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at the individual level. In accordance with the existing literature, the results reveal...
Persistent link: https://www.econbiz.de/10013144393
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The equity market implications of the retail investment boom
Beck, Philippe van der; Jaunin, Coralie - 2021
This paper quantifies the impact of Robinhood traders on the US equity market. Within a structural model, we estimate retail and institutional demand curves and derive aggregate pricing implications via market clearing. The inelastic nature of institutional demand allows Robinhood traders to...
Persistent link: https://www.econbiz.de/10012487631
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Who Trusts Insurance? Empirical Evidence from Seven Industrialised Countries
Courbage, Christophe - 2019
While the importance of trust in insurance is widely recognised, surprisingly, existing literature on the determinants … of trust in insurance remains scarce. This paper investigates the determinants of trust in insurance in seven … industrialised countries in Europe, North America and Asia using data from a recent insurance industry survey. We find that trust in …
Persistent link: https://www.econbiz.de/10012868378
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Who Trusts Insurance? Empirical Evidence from Seven Industrialised Countries
Courbage, Christophe; Nicolas, Christina - 2019
While the importance of trust in insurance is widely recognised, surprisingly, existing literature on the determinants … of trust in insurance remains scarce. This paper investigates the determinants of trust in insurance in seven … industrialised countries in Europe, North America and Asia using data from a recent insurance industry survey. We find that trust in …
Persistent link: https://www.econbiz.de/10014105180
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Ex Post : The Investment Performance of Collectible Stamps
Dimson, Elroy - 2016
This paper uses stamp catalogue prices to investigate the returns on British collectible postage stamps over the period 1900–2008. We find an annualized return on stamps of 7.0% in nominal terms, or 2.9% in real terms. These returns are higher than those on bonds but below those on equities....
Persistent link: https://www.econbiz.de/10013009195
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The effect of the financial crisis on older households in England
Banks, James; Crawford, Rowena; Crossley, Thomas F.; … - 2012
Prices of real and financial assets fell substantially in the UK during 2008-09. The fourth wave of the English Longitudinal Study of Ageing (ELSA) was in the field throughout this 'financial crisis'. We use these data and earlier ELSA waves first to document the effect of the crisis on the...
Persistent link: https://www.econbiz.de/10009526546
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What can we learn about household consumption expenditure from data on income and assets?
Eika, Lasse; Mogstad, Magne; Vestad, Ola Lotherington - 2020
A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the lack of reliable panel data on household expenditures. One possibility is to use surveys that follow the same households over time, but such data are rare and they typically have...
Persistent link: https://www.econbiz.de/10012172449
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The economic value of distributional timing
Jondeau, Eric (contributor); Rockinger, Michael (contributor) - 2006
We evaluate how non-normality of asset returns and the temporal evolution of volatility and higher moments affects the conditional allocation of wealth. We show that if one neglects these aspects, as would be the case in a mean-variance allocation, a sighifiant cost would arise. The performance...
Persistent link: https://www.econbiz.de/10003548056