The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Awareness and Stock Market Participation
Open accessAbstract
The paper documents lack of awareness of financial assets in the 1995 and 1998 Bank of Italy Surveys of Household Income and Wealth. It then explores the determinants of awareness, and finds that the probability that survey respondents are aware of stocks, mutual funds and investment accounts is positively correlated with education, household resources, long-term bank relations and proxies for social interaction. Lack of financial awareness has important implications for understanding the stockholding puzzle and for estimating stock market participation costs.
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Citations
Cites
On the impossibility of informationally efficient markets
Stiglitz, J. E., & Grossman, S. J. (1980) · Columbia University · doi:10.7916/d8765r99 · Cited by 3,645
Cited by
Financial literacy and stock market participation
van Rooij, M., Lusardi, A., & Alessie, R. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.03.006 · Cited by 3,554
Trust, growth, and well-being: New evidence and policy implications
Algan, Y., & Cahuc, P. (2014) · Handbook of Economic Growth · doi:10.1016/b978-0-444-53538-2.00002-2 · Cited by 454
Financial Illiteracy and Stock Market Participation: Evidence from the RAND American Life Panel
Yoong, J. (2011) · Financial Literacy: Implications for Retirement Security and the Financial Marketplace · doi:10.1093/acprof:oso/9780199696819.003.0005 · Cited by 199
Once Burned, Twice Shy? Financial Literacy and Wealth Losses during the Financial Crisis
Bucher-Koenen, T., & Ziegelmeyer, M. (2014) · Review of Finance · doi:10.1093/rof/rft052 · Cited by 125
Lu, Z., Wu, J., Li, H., & Galloway, B. (2024) · Economic Systems · doi:10.1016/j.ecosys.2023.101148 · Cited by 13
Metadata
- Authors
- Guiso, L., & Jappelli, T.
- Venue
- Review of Finance
- Publisher
- Oxford University Press (OUP)
- Published
- 2005-01-01
- Volume
- 9
- Issue
- 4
- Pages
- 537-567
- ISSN
- 1382-6662 (ISSN-L)
- 1573-692X
- 1572-3097
- OpenAlex
- W2052162529
- Cited by
- 430
- References
- 1
- FWCI
- 34.52
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
