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Ownership of Stocks and Mutual Funds: A Panel Data Analysis

This paper analyzes the ownership dynamics of stocks and mutual funds, using representative household panel data, the Dutch CentER Savings Survey 1993-1998. A bivariate dynamic binary-choice model is introduced, allowing for interactions between the two types of assets. We find that unobserved... Full description

1st Person: Alessie, Rob
Additional Persons: Hochguertel, Stefan verfasserin; van Soest, Arthur verfasserin
Source: in The review of economics and statistics Vol. 86, No. 3 (2004), p. 783-796
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Type of Publication: Article
Language: English
Published: 2004
Keywords: research-article
Online: Volltext
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