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Childhood experience of father's job loss and stock market participation
(08.12.2014)
Bank of Finland Research Discussion Papers 30/2014
Bank of Finland Research Discussion Papers 30/2014
Using data from the Panel Study of Income Dynamics (PSID), I document that childhood experience of father's job loss decreases the propensity to own stocks as an adult. If this experience takes place at the age of 5–10 ...