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We estimate the life-cycle profile of stock market participation and risky portfolio share. We address the classical …, increasing early in life and decreasing from age 60 onwards. The conditional risky share also decreases late in life, but it is a …
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I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive margins of stock market participation decisions. The GPR index subsumes the significance of economic policy uncertainty for stock market participation decisions and has long-lasting...
Persistent link: https://www.econbiz.de/10013403530
I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive margins of stock market participation decisions. The GPR index subsumes the significance of economic policy uncertainty for stock market participation decisions and has long-lasting...
Persistent link: https://www.econbiz.de/10013403880
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