Simple Model of Limited Stock Market Participation (ICPSR 1241)

Version Date: Jun 12, 2001

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Principal Investigator(s):
Hui Guo, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01241.v1

Version V1

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Summary

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.

Citation

Guo, Hui. Simple Model of Limited Stock Market Participation. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2001-06-12. https://doi.org/10.3886/ICPSR01241.v1

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Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) One file was submitted, 0105hgd.xls, containing data. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator if further information is desired.

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Original Release Date

2001-06-12

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • Guo, Hui. Simple Model of Limited Stock Market Participation. ICPSR01241-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2001-06-02. http://doi.org/10.3886/ICPSR01241.v1
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Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.