Arbeitspapier

Household Stockholding Behavior During the Great Financial Crisis

Using the Panel Study of Income Dynamics, this paper studies household stock market participation and trading behavior in 2007 - 09, a period that saw a major stock market downswing. The stock market participation rate fell after the market crash. We find evidence that less-educated households, poor households and households with heads belonging to a minority are the ones that dropped out of the market after the market crash. We also find that, of the households that held stocks in non-retirement accounts in 2007, a significant portion reported no stock market activity in non-retirement accounts during the crisis period.

Language
Englisch

Bibliographic citation
Series: Bank of Canada Working Paper ; No. 2015-15

Classification
Wirtschaft
Financial Crises
Portfolio Choice; Investment Decisions
Subject
Asset pricing
Financial markets

Event
Geistige Schöpfung
(who)
Zhou, Jie
Event
Veröffentlichung
(who)
Bank of Canada
(where)
Ottawa
(when)
2015

DOI
doi:10.34989/swp-2015-15
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Zhou, Jie
  • Bank of Canada

Time of origin

  • 2015

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