The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Are Economists More Likely to Hold Stocks?
Open accessAbstract
Using a large panel data set containing detailed information on educational attainments as well as financial and socioeconomic variables for individual investors, we show that economists are more likely to hold stocks than otherwise identical investors. First, we consider the change in stockholdings associated with (i) completing an economics education and (ii) an economist moving into the household. Second, we model stock market participation using a probit model with unobserved individual heterogeneity. Third, instrumental variables estimation allows us to identify the causal effect of an economics education on stock market participation. Throughout, we focus explicitly on the effect of a change in educational status on the likelihood of holding stocks.
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Citations
Cites
On the Pooling of Time Series and Cross Section Data
Mundlak, Y. (1978) · Econometrica · doi:10.2307/1913646 · Cited by 5,412
Bernheim, B. D., Garrett, D. M., & Maki, D. M. (2001) · Journal of Public Economics · doi:10.1016/s0047-2727(00)00120-1 · Cited by 433 · cited 1×
“Bernheim & Garrett (2003) show that financial education in the workplace significantly increases the probability of savings in general, whereas Bernheim et al. (2001) report that households who were exposed to financial curricula during high school have higher savings rates than others.”
Cited by
The Economic Importance of Financial Literacy: Theory and Evidence
Lusardi, A., & Mitchell, O. S. (2014) · Journal of Economic Literature · doi:10.1257/jel.52.1.5 · Cited by 4,698
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
Investment in financial literacy and saving decisions
Jappelli, T., & Padula, M. (2013) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.03.019 · Cited by 675
Financial literacy and its consequences: Evidence from Russia during the financial crisis
Klapper, L., Lusardi, A., & Panos, G. A. (2013) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.07.014 · Cited by 523
Financial literacy, financial advice, and financial behavior
Stolper, O. A., & Walter, A. (2017) · Journal of Business Economics · doi:10.1007/s11573-017-0853-9 · Cited by 471
“…and Zhu 2006; Vissing-Jorgensen 2003; Calvet et al. 2007, 2009) as well as age (Calvet et al. 2007, 2009; Georgarakos and Pasini 2011), educational attainment (Christiansen et al. 2008; Calvet et al. 2007, 2009), professional status (Calvet et al. 2009), and even IQ (Grinblatt et al. 2011, 2012).”
Background
Metadata
- Authors
- Christiansen, C., Joensen, J. S., & Rangvid, J.
- Venue
- Review of Finance
- Publisher
- Oxford University Press (OUP)
- Published
- 2007-10-06
- Volume
- 12
- Issue
- 3
- Pages
- 465-496
- ISSN
- 1382-6662 (ISSN-L)
- 1573-692X
- 1572-3097
- OpenAlex
- W2255402581
- Cited by
- 248
- References
- 2
- FWCI
- 30.51
- Type
- journal article
- Language
- en
- Open access
- green
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- Christiansen, C., Joensen, J. S., & Rangvid, J. (2008). Are Economists More Likely to Hold Stocks? Review of Finance. https://doi.org/10.1093/rof/rfm026
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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