Determinants of Stock Market Participation Decision：
Using household survey data set during 1993～1998 period, this paper analyzes patterns and determinants of household stock market participation. The results shows that the age profile of stock market participation in Korean household is humped-shaped as in other developed countries. Also, households...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2004-06-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2004.26.1.37 |
| Summary: | Using household survey data set during 1993～1998 period, this paper analyzes patterns and determinants of household stock market participation. The results shows that the age profile of stock market participation in Korean household is humped-shaped as in other developed countries. Also, households with a higher level and lower variability of income, bigger financial asset, and higher education level are more likely to be stockholders. The stock market participation rate of the self-employed is substantially lower than that of the employed. In Korea, the high proportion of self-employed among total labor force seems to lower the stock market participation rate. |
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| ISSN: | 2586-2995 2586-4130 |