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Stock Ownership Patterns, Stock Market Fluctuations, and Consumption

Author

Listed:
  • James M. Poterba

    (MIT)

  • Andrew A. Samwick

    (Dartmouth College)

Abstract

The market value of corporate stock in the United States increased by nearly one trillion dollars between December 1994 and July 1995. This paper explores the distribution of the stock ownership, and hence the gains from the stock price rise, and what the rise in stock prices implies for consumer spending.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • James M. Poterba & Andrew A. Samwick, 1995. "Stock Ownership Patterns, Stock Market Fluctuations, and Consumption," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(2), pages 295-372.
  • Handle: RePEc:bin:bpeajo:v:26:y:1995:i:1995-2:p:295-372
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    macroeconomics; Stock Ownership Patterns; Stock Market Fluctuations; Consumption;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G19 - Financial Economics - - General Financial Markets - - - Other

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