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Title: Explaining the 2004 Decrease in Minority Stock Ownership
Resulting in 1 citation.
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Loving, Ajamu C. Finke, Michael S. Salter, John R. |
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Explaining the 2004 Decrease in Minority Stock Ownership The Review of Black Political Economy 39,4 (December 2012): 403-425. Also: http://link.springer.com/article/10.1007/s12114-012-9132-8 Cohort(s): NLSY79 Publisher: Springer Keyword(s): Armed Forces Qualifications Test (AFQT); Assets; I.Q.; Racial Differences Permission to reprint the abstract has not been received from the publisher. Prior literature has examined minority stock market participation and found that it increased rapidly throughout the 1990’s and into the early 2000’s. However, in 2004 after stock prices had suffered decline, Black and Hispanic market participation fell off sharply. This paper uses the NLSY79, a panel data set, to examine whether the diminished likelihood of Black and Hispanic 2004 market participation is due to race or variation in cognitive ability and investor experience. We find that IQ and investor experience subsume all racial effects in the likelihood of 2004 market participation. |
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Bibliography Citation
Loving, Ajamu C., Michael S. Finke and John R. Salter. "Explaining the 2004 Decrease in Minority Stock Ownership." The Review of Black Political Economy 39,4 (December 2012): 403-425.
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