Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/325313 
Year of Publication: 
2025
Series/Report no.: 
DIW Discussion Papers No. 2138
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
Stock market participation among working household heads jumped upwards in 2020 - in Germany by about 25%. A major cause is the required use of work from home (WfH). We show this by adding WfH to a large set of explanatory variables. Moreover, we implement an instrumental variables estimation based on industry-specific levels of WfH-capacity. The transmission channels seem to work via increased available time and time flexibility. Moreover, we show that WfH makes the stock market accessible to a broader population, including lower income groups, which may contribute to lower income inequality in the future.
Subjects: 
stock market participation
work from home
inequality
JEL: 
D31
G11
G51
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.