Limited Stock Market Participation Among Renters and Homeowners
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DOI: 10.1093/rfs/hhy089
Abstract: The stock market participation rate among homeowners is twice as high as among renters. This paper builds a life-cycle portfolio choice model with endogenous housing tenure choice. A stylized form of preference heterogeneity generates a… read more here.
Keywords: among renters; stock market; participation; market participation ... See more keywords