Simple Model of Limited Stock Market Participation
收藏ICPSR2001-01-01 更新2026-04-16 收录
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http://www.icpsr.umich.edu/icpsrweb/ICPSR/studies/1241
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资源简介：
Stocks have outperformed government bonds, on average, by a large margin in historical data. However, most United States households do not own stocks, either directly or indirectly. Also, stocks are highly concentrated in the hands of relatively few wealthy people. In this article, the author describes some aspects of stock ownership. He then uses an overlapping-generations model to help explain why stock market participation is so limited and discusses some implications of limited stock market participation.
提供机构：
Federal Reserve Bank of St. Louis
创建时间：
2001-01-01
