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Autor:innen: 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Bank of Canada Working Paper No. 2015-15
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
Using the Panel Study of Income Dynamics, this paper studies household stock market participation and trading behavior in 2007 - 09, a period that saw a major stock market downswing. The stock market participation rate fell after the market crash. We find evidence that less-educated households, poor households and households with heads belonging to a minority are the ones that dropped out of the market after the market crash. We also find that, of the households that held stocks in non-retirement accounts in 2007, a significant portion reported no stock market activity in non-retirement accounts during the crisis period.
Schlagwörter: 
Asset pricing
Financial markets
JEL: 
G01
G11
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
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