Hvide, Hans K.; Meling, Tom G.; Mogstad, Magne; Vestad, … - National Bureau of Economic Research - 2022
We study the effects of broadband internet use on the investment decisions of individual investors. A public program in … Norway provides plausibly exogenous variation in internet use. Our instrumental variables estimates show that internet use … increase their trading activity in stocks. Overall, access to high-speed internet seems to spur a "democratization of finance …