Awareness and stock market participation

The paper documents lack of awareness of financial assets in the 1995 and 1998 Bank of Italy Surveys of Household Income and Wealth. It then explores the determinants of awareness, and finds that the probability that sur
The paper documents lack of awareness of financial assets in the 1995 and 1998 Bank of Italy Surveys of Household Income and Wealth. It then explores the determinants of awareness, and finds that the probability that survey respondents are aware of stocks, mutual funds and investment accounts is positively correlated with education, household resources, long-term bank relations and proxies for social interaction. Lack of financial awareness has important implications for understanding the stockholding puzzle and for estimating stock market participation costs. Klassifikation: E2, D8, G1
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Metadaten
Author:Luigi Guiso, Tullio Jappelli
URN:urn:nbn:de:hebis:30-23410
Parent Title (German):Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2005,29
Series (Serial Number):CFS working paper series (2005, 29)
Document Type:Working Paper
Language:English
Year of Completion:2005
Year of first Publication:2005
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2005/12/20
Tag:Financial Information; Portfolio Choice
SWD-Keyword:Einkommen ; Geschichte 1995; Geschichte 1998; Haushalt; Portfoliomanagement; Wohlstand
HeBIS PPN:195627377
Institutes:Center for Financial Studies (CFS)
Dewey Decimal Classification:330 Wirtschaft
Sammlungen:Universitätspublikationen
Licence (German):License Logo Veröffentlichungsvertrag für Publikationen

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