@TechReport{iza:izadps:dp4886,
            	author={Brown, Sarah and Taylor, Karl},
            	title={Social Interaction and Stock Market Participation: Evidence from British Panel Data},
            	year={2010},
	month={Apr},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4886},
            	url={https://www.iza.org/index.php/publications/dp4886},
	abstract={This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at the individual level. In accordance with the existing literature, the results reveal that a positive relationship exists between social interaction and stock market participation, when both are measured concurrently. Furthermore, this relationship prevails across a range of measures of social interaction and social capital. In addition, we make a potentially important contribution to the existing literature by exploiting the panel nature of the data in order to explore the robustness of the cross-sectional findings. We find that the positive relationship between stock market participation and social interaction prevails within a fixed effects logit framework, which controls for time invariant unobserved effects.},
	keywords={social capital;social interaction;stock market participation},
            }