首页    期刊浏览 2025年07月13日 星期日
登录注册

文章基本信息

  • 标题:Demographic Factors Affecting U.S. Households’ Investment in Stocks
  • 作者:Binod Guragai ; S. Drew Peabody
  • 期刊名称:International Journal of Economics and Finance
  • 印刷版ISSN:1916-971X
  • 电子版ISSN:1916-9728
  • 出版年度:2018
  • 卷号:10
  • 期号:4
  • 页码:112
  • DOI:10.5539/ijef.v10n4p112
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    Using survey data of U.S. households, we examine the demographic factors associated with stock market participation to seek to explain why some households invest in stocks while others do not. We primarily utilize Probit model estimation robust to heteroskedasticity to evaluate multiple demographic variables that could potentially explain direct stock ownership. Additional tests examine the demographic factors associated with the amounts of direct stock ownership and indirect stock ownership through mutual funds, retirement accounts or other avenues. Our results identify various demographic factors that most likely affect U.S. households’ investment in stocks, including age, gender, education level, income, homeownership and business ownership. These results are robust to multiple model variations. These findings may be of interest to financial scholars and policymakers as they seek to better understand stock market participation.

Loading...
联系我们|关于我们|网站声明
国家哲学社会科学文献中心版权所有