© 2003

Stockholding in Europe

  • Editors
  • Luigi Guiso
  • Michael Haliassos
  • Tullio Jappelli

Table of contents

  1. Front Matter
    Pages i-viii
  2. Overview and Tools of Analysis

    1. Front Matter
      Pages 1-1
    2. Luigi Guiso, Michael Haliassos, Tullio Jappelli
      Pages 3-29
    3. Raffaele Miniaci, Guglielmo Weber
      Pages 52-70
  3. Stockholding in European Countries

    1. Front Matter
      Pages 73-73
    2. Luc Arrondel, André Masson
      Pages 75-106
    3. Axel Börsch-Supan, Lothar Essig
      Pages 110-138
    4. Luigi Guiso, Tullio Jappelli
      Pages 141-167
    5. Rob Alessie, Stefan Hochguertel
      Pages 169-199
    6. James Banks, Matthew Wakefield
      Pages 200-218
  4. Back Matter
    Pages 220-232

About this book


The past decade has been a time of drastic developments, both in financial markets and in related academic research. Among the most striking developments are the expanded stockholder base, the increased popularity of mutual funds among households, and the growing importance of private pension funds. Developments in Europe mirror to a large extent the spread of equity culture in the United States, but with lower levels of involvement and interesting differences across European countries. This book, intended for a wide audience of students, practitioners, and policy makers, provides the theoretical and methodological background necessary for analysis of stockholding behaviour, and presents empirical studies that use the most comprehensive household-level databases to identify determinants of stockholding in five major European countries.


database Mutual Funds Pension Funds Portfolio Portfolio Model

About the authors

ROB ALESSIE Free University of Amsterdam, Tinbergen Institute & Center LUC ARRONDEL CNRS-DELTA, Paris JAMES BANKS Institute for Fiscal Studies, London AXEL BÖRSCH-SUPAN MEA, University of Mannheim & NBER LOTHAR ESSIG MEA, University of Mannheim STEFAN HOCHGUERTEL European University Institute, Florence ANDRÉ MASSON CNRS-DELTA, Paris RAFFAELE MINIACI University of Padova MATTHEW WAKEFIELD Institute for Fiscal Studies, London GUGLIELMO WEBER University of Padova, IFS & CEPR

Bibliographic information

Industry Sectors
Finance, Business & Banking