Publicação
Equity investment across age cohorts: evidence from COVID-19
| Resumo: | This paper examines the shifts in equity market participation across age cohorts in response to the exogenous shock of the COVID-19 pandemic, contributing to the field of household finance. Using the rich Dutch National Bank (DNB) Household Survey, we find a statistically significant increase in the likelihood of equity participation among younger households compared to middle-aged ones since the COVID-19 outbreak. Households led by individuals under 30 experienced an 11.7 percentage point increase in the probability of investing in equity relative to middle-aged households, while those aged 31 to 45 saw an increase of 4.7 percentage points. We employ alternative estimation methods and new controls. |
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| Autores principais: | Tavares, Ana Luiza LLussá |
| Assunto: | Household finance Investment behavior Stock market participation Age cohorts COVID-19 pandemic Exogenous shocks |
| Ano: | 2025 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | This paper examines the shifts in equity market participation across age cohorts in response to the exogenous shock of the COVID-19 pandemic, contributing to the field of household finance. Using the rich Dutch National Bank (DNB) Household Survey, we find a statistically significant increase in the likelihood of equity participation among younger households compared to middle-aged ones since the COVID-19 outbreak. Households led by individuals under 30 experienced an 11.7 percentage point increase in the probability of investing in equity relative to middle-aged households, while those aged 31 to 45 saw an increase of 4.7 percentage points. We employ alternative estimation methods and new controls. |
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