TY  - RPRT
        AU  - Brown, Sarah
AU  - Taylor, Karl
        TI  - Social Interaction and Stock Market Participation: Evidence from British Panel Data
        PY  - 2010/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4886
        UR  - https://www.iza.org/index.php/publications/dp4886
        AB  - 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.
        KW  - social capital
KW  - social interaction
KW  - stock market participation
        ER  -