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Social interaction and stock market participation: Evidence from British panel data
| Content Provider | EconStor |
|---|---|
| Author | Brown, Sarah Taylor, Karl |
| Abstract | 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 that a positive relationship exists between social interaction and stock market participation, when both are measured concurrently. Furthermore, this relationship prevails across a range of measures of social interaction and social capital. In addition, we make a potentially important contribution to the existing literature by exploiting the panel nature of the data in order to explore the robustness of the cross-sectional findings. We find that the positive relationship between stock market participation and social interaction prevails within a fixed effects logit framework, which controls for time invariant unobserved effects. |
| File Format | |
| Language | English |
| Publisher | Institute for the Study of Labor (IZA) |
| Publisher Date | 2010-01-01 |
| Publisher Place | Bonn |
| Access Restriction | Open |
| Rights Holder | http://www.econstor.eu/dspace/Nutzungsbedingungen |
| Subject Keyword | Social capital social interaction stock market participation Soziale Beziehungen Anlageverhalten Aktionäre Social Capital Großbritannien Consumer Economics: Empirical Analysis Household Saving; Personal Finance Social Choice; Clubs; Committees; Associations |
| Content Type | Text |
| Resource Type | Article |
