𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Stock market expectations of Dutch households

✍ Scribed by Michael Hurd; Maarten Van Rooij; Dr. Joachim Winter

Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
216 KB
Volume
26
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Despite its importance for the analysis of life cycle behavior and, in particular, retirement planning, stock ownership by private households is poorly understood. Among other approaches to investigate this puzzle, recent research has started to elicit private households' expectations of stock market returns. This paper reports findings from a study that collected data over a 2‐year period both on households' stock market expectations (subjective probabilities of gains or losses) and on whether they own stocks. We document substantial heterogeneity in financial market expectations. Expectations are correlated with stock ownership. Over the 2 years of our data stock market prices increased and expectations of future stock market price changes also increased, lending support to the view that expectations are influenced by recent stock gains or losses. Copyright Β© 2011 John Wiley & Sons, Ltd.

πŸ“œ SIMILAR VOLUMES

Stock market crash and expectations of A
Stock market crash and expectations of American households
✍ PΓ©ter Hudomiet; GΓ‘bor KΓ©zdi; Robert J. Willis πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 333 KB

## Abstract This paper utilizes data on subjective probabilities to study the impact of the stock market crash of 2008 on households' expectations about the returns on the stock market index. We use data from the Health and Retirement Study that was fielded in February 2008 through February 2009. T

Retirement behaviour of Dutch elderly ho
Retirement behaviour of Dutch elderly households
✍ Professor Mauro Mastrogiacomo; Rob Alessie; Maarten Lindeboom πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 153 KB

## Abstract We specify and estimate retirement models for singles and married couples and estimate these on data from the Dutch Socio‐Economic Panel. We perform some simulations and find strong effects of retirement options in determining the retirement behaviour within different household types. M

Complexity analysis of the stock market
Complexity analysis of the stock market
✍ Joongwoo Brian Park; Jeong Won Lee; Jae-Suk Yang; Hang-Hyun Jo; Hie-Tae Moon πŸ“‚ Article πŸ“… 2007 πŸ› Elsevier Science 🌐 English βš– 215 KB

We study the complexity of the stock market by constructing -machines of Standard and Poor's 500 index from February 1983 to April 2006 and by measuring the statistical complexities. It is found that both the statistical complexity and the number of causal states of constructed -machines have decrea