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Are stocks overtaking real estate in household portfolios?

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Author Info
Joseph Tracy
Henry Schneider
Sewin Chan

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Abstract

The rapid growth of the stock market since 1990 has encouraged the view that corporate equity holdings are becoming the primary asset for a broad spectrum of American households. A closer look at the evidence, however, reveals that real estate continues to eclipse stocks as a share of most households' portfolios.

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Publisher Info
Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): (1999)
Issue (Month): Apr ()
Pages:
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Handle: RePEc:fip:fednci:y:1999:i:apr:n:v.5no.5

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Related research
Keywords: Investments ; Real property ; Stocks ; Stock market;

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
  1. Souphala Chomsisengphet & Anthony Pennington-Cross, 2006. "Subprime refinancing: equity extraction and mortgage termination," Working Papers 2006-023, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:
  2. Hugo Benítez-Silva, 2003. "Labor Supply Flexibility and Portfolio Choice: An Empirical Analysis," Working Papers wp056, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  3. Calvet, Laurent E. & Campbell, John Y. & Sodini, Paolo, 2006. "Down or Out: Assessing The Welfare Costs of Household Investment Mistakes," Working Paper Series 195, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
    Other versions:
  4. Joao Cocco & John Campbell, 2004. "Household Risk Management and Optimal Mortgage Choice," Econometric Society 2004 North American Winter Meetings 646, Econometric Society. [Downloadable!]
    Other versions:
  5. Michael S. Finke & Sandra J. Huston & Deanna L. Sharpe, 2006. "Balance sheets of early boomers: are they different from pre-boomers?," Journal of Family and Economic Issues, Springer, vol. 27(3), pages 542-561, September. [Downloadable!] (restricted)
  6. Todd Sinai & Joseph Gyourko, 2001. "The Spatial Distribution of Housing-Related Tax Benefits in the United States," NBER Working Papers 8165, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  7. James M. Poterba, 2000. "Stock Market Wealth and Consumption," Journal of Economic Perspectives, American Economic Association, vol. 14(2), pages 99-118, Spring. [Downloadable!] (restricted)
  8. Yanick Desnoyers, 2001. "L'effet de la richesse sur la consommation aux États-Unis," Working Papers 01-14, Bank of Canada. [Downloadable!]
  9. Joseph Tracy & Henry Schneider, 2001. "Stocks in the household portfolio: a look back at the 1990s," Current Issues in Economics and Finance, Federal Reserve Bank of New York, issue Apr. [Downloadable!]
  10. Steven Sheffrin & Tracy Turner, 2001. "Taxation and House-Price Uncertainty: Some Empirical Estimates," International Tax and Public Finance, Springer, vol. 8(4), pages 621-636, August. [Downloadable!] (restricted)
  11. Ronald Straight, 2001. "Survey of consumer finances: Asset accumulation differences by race," The Review of Black Political Economy, Springer, vol. 29(2), pages 67-81, December. [Downloadable!] (restricted)
  12. Joseph Gyourko & Joseph Tracy, 2003. "Using home maintenance and repairs to smooth variable earnings," Staff Reports 168, Federal Reserve Bank of New York. [Downloadable!]
    Other versions:
  13. John Y. Campbell, 2006. "Household Finance," NBER Working Papers 12149, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  14. Souphala Chomsisengphet & Anthony Pennington-Cross, 2006. "The evolution of the subprime mortgage market," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 31-56. [Downloadable!]
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