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- W1950101317 abstract "Stock market participation rates have been quite stable or even dropped over the last years although more households regularly use the Internet. This observation contradicts earlier scientific evidence that the advent of the Internet increased stock market participation rates. Based on representative data from household panel surveys and with the help of two instruments for Internet usage we show that the Internet indeed has a positive and causal effect on stock market participation. Additionally, we present a solution of the puzzling observation above by showing that the positive effect of Internet usage on stock market participation is driven by households with a high degree of financial literacy and new Internet adopters were financially illiterate on average in recent years." @default.
- W1950101317 created "2016-06-24" @default.
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- W1950101317 date "2012-01-01" @default.
- W1950101317 modified "2023-09-27" @default.
- W1950101317 title "Financial Literacy: An Omitted Variable in Household Finance?" @default.
- W1950101317 doi "https://doi.org/10.2139/ssrn.2021158" @default.
- W1950101317 hasPublicationYear "2012" @default.
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