Stocks in the household portfolio: a look back at the 1990s
The growing prominence of stocks as a household asset in the 1990s encouraged the view that the United States had become a nation of zealous investors alert to every market development and eager to acquire new stocks. Yet an analysis of the factors behind the rise in the household equity share suggests that exceptionally high returns on stocks_rather than aggressive investment behavior_accounted for much of the increased importance of stocks.
Volume (Year): 7 (2001)
Issue (Month): Apr ()
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- James M. Poterba & Andrew Samwick, 2001.
"Household Portfolio Allocation over the Life Cycle,"
NBER Chapters,in: Aging Issues in the United States and Japan, pages 65-104
National Bureau of Economic Research, Inc.
- James M. Poterba & Andrew A. Samwick, 1997. "Household Portfolio Allocation Over the Life Cycle," NBER Working Papers 6185, National Bureau of Economic Research, Inc.
- Joseph Tracy & Henry Schneider & Sewin Chan, 1999. "Are stocks overtaking real estate in household portfolios?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5(Apr). Full references (including those not matched with items on IDEAS)
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