A note on Representativeness and Household Finance
Dierkes Maik, Klos Alexander, Langer Thomas
Abstract
Previous research has shown that social households have a higher probability of owning risky assets. Using a representative sample of the German population, we demonstrate that the sociability effect is much stronger among people younger than 50.
Keywords
Stock market participation; social interaction; household finance; representativeness
Publication type
Research article (journal)
Peer reviewed
Yes
Publication status
Published
Year
2011
Journal
Economics Letters
Volume
113
Pages range
62-64
Language
English
ISSN
0165-1765