{"id":"https://openalex.org/W2129304792","doi":null,"title":"Do More Economists Hold Stocks","display_name":"Do More Economists Hold Stocks","publication_year":2004,"publication_date":"2004-01-01","ids":{"openalex":"https://openalex.org/W2129304792","mag":"2129304792"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:aah:aarhec:2005-06","doi":null,"is_oa":false,"landing_page_url":"https://repec.econ.au.dk/repec/afn/wp/05/wp05_06.pdf","pdf_url":"https://repec.econ.au.dk/repec/afn/wp/05/wp05_06.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://pure.au.dk/portal/en/publications/58825090-9fa0-11da-a599-000ea68e967b","any_repository_has_fulltext":null},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5011812744","display_name":"Charlotte Christiansen","orcid":"https://orcid.org/0000-0001-7360-1147","observed_orcids":["https://orcid.org/0000-0001-7360-1147"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Charlotte Christiansen","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-7360-1147","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5006663824","display_name":"Juanna Schr\u00f8ter Joensen","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I204337017","display_name":"Aarhus University","ror":"https://ror.org/01aj84f44","country_code":"DK","type":"education","lineage":["https://openalex.org/I204337017"]}],"countries":["DK"],"is_corresponding":false,"raw_author_name":"Juanna Schr\u00f8ter Joensen","raw_affiliation_strings":["Aarhus University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Aarhus University","institution_ids":["https://openalex.org/I204337017"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5033907181","display_name":"Jesper Rangvid","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I180519160","display_name":"Copenhagen Business School","ror":"https://ror.org/04sppb023","country_code":"DK","type":"education","lineage":["https://openalex.org/I180519160"]}],"countries":["DK"],"is_corresponding":false,"raw_author_name":"Jesper Rangvid","raw_affiliation_strings":["Copenhagen Business School#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Copenhagen Business School#TAB#","institution_ids":["https://openalex.org/I180519160"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9467999935150146,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9467999935150146,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0430000014603138,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.003700000001117587,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-market-participation","display_name":"stock market participation","score":0.7649999856948853},{"id":"https://openalex.org/keywords/economists","display_name":"economists","score":0.8880000114440918},{"id":"https://openalex.org/keywords/educational-attainment","display_name":"educational attainment","score":0.7429999709129333},{"id":"https://openalex.org/keywords/informational-advantage","display_name":"information advantage","score":0.6370000243186951},{"id":"https://openalex.org/keywords/investor-heterogeneity","display_name":"investor heterogeneity","score":0.722000002861023},{"id":"https://openalex.org/keywords/financial-literacy","display_name":"financial literacy","score":0.4059999883174896},{"id":"https://openalex.org/keywords/socioeconomic-characteristics","display_name":"socioeconomic characteristics","score":0.335999995470047}],"concepts":[{"id":"https://openalex.org/C67257552","wikidata":"https://www.wikidata.org/wiki/Q635217","display_name":"Probit model","level":2,"score":0.7800753712654114},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6558640003204346},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6354033946990967},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6279761791229248},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5903586149215698},{"id":"https://openalex.org/C70339092","wikidata":"https://www.wikidata.org/wiki/Q7100715","display_name":"Ordered probit","level":2,"score":0.5619654655456543},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5397741198539734},{"id":"https://openalex.org/C147077947","wikidata":"https://www.wikidata.org/wiki/Q1515895","display_name":"Socioeconomic status","level":3,"score":0.4738790690898895},{"id":"https://openalex.org/C184314375","wikidata":"https://www.wikidata.org/wiki/Q3117995","display_name":"Probit","level":2,"score":0.45796018838882446},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.43753528594970703},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4324690103530884},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3400045931339264},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.16317567229270935},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.09070882201194763},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"pmh:oai:RePEc:aah:aarhec:2005-06","doi":null,"is_oa":false,"landing_page_url":"https://repec.econ.au.dk/repec/afn/wp/05/wp05_06.pdf","pdf_url":"https://repec.econ.au.dk/repec/afn/wp/05/wp05_06.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:hhb:aarbfi:2005-02","doi":null,"is_oa":false,"landing_page_url":"http://www.hha.dk/afl/wp/fin/F_2005_02.pdf","pdf_url":"http://www.hha.dk/afl/wp/fin/F_2005_02.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.510.3509","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.510.3509","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.efmaefm.org/efma2005/papers/207-rangvid_paper.pdf","raw_type":"text"},{"id":"mag:2129304792","doi":null,"is_oa":false,"landing_page_url":"https://efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2005-Milan/papers/207-rangvid_paper.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:pure.atira.dk:openaire/58825090-9fa0-11da-a599-000ea68e967b","doi":null,"is_oa":true,"landing_page_url":"https://pure.au.dk/portal/en/publications/58825090-9fa0-11da-a599-000ea68e967b","pdf_url":null,"source":null,"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Christiansen, C, Joensen, J S & Rangvid, J 2005 'Do More Economists Hold Stocks?' Aarhus School of Business, Aarhus.","raw_type":"workingPaper"}],"best_oa_location":{"id":"pmh:oai:pure.atira.dk:openaire/58825090-9fa0-11da-a599-000ea68e967b","doi":null,"is_oa":true,"landing_page_url":"https://pure.au.dk/portal/en/publications/58825090-9fa0-11da-a599-000ea68e967b","pdf_url":null,"source":null,"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Christiansen, C, Joensen, J S & Rangvid, J 2005 'Do More Economists Hold Stocks?' Aarhus School of Business, Aarhus.","raw_type":"workingPaper"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W1496232687","https://openalex.org/W1496551994","https://openalex.org/W1550178870","https://openalex.org/W1970641102","https://openalex.org/W1988644013","https://openalex.org/W1989066200","https://openalex.org/W1993841658","https://openalex.org/W1996046340","https://openalex.org/W2008565199","https://openalex.org/W2030360026","https://openalex.org/W2032830397","https://openalex.org/W2049947366","https://openalex.org/W2050419204","https://openalex.org/W2050931047","https://openalex.org/W2052162529","https://openalex.org/W2058861354","https://openalex.org/W2104204963","https://openalex.org/W2117594039","https://openalex.org/W2120188887","https://openalex.org/W2122120003","https://openalex.org/W2124758339","https://openalex.org/W2144656807","https://openalex.org/W2145713680","https://openalex.org/W2155369257","https://openalex.org/W2161061835","https://openalex.org/W2164024537","https://openalex.org/W2171168084","https://openalex.org/W2241053396","https://openalex.org/W2260298704","https://openalex.org/W3021304644","https://openalex.org/W3023965996","https://openalex.org/W3121479408","https://openalex.org/W3122676602","https://openalex.org/W3122891857","https://openalex.org/W3123312015","https://openalex.org/W3123675459","https://openalex.org/W3126065285","https://openalex.org/W3126080930","https://openalex.org/W3126103254"],"related_works":["https://openalex.org/W2255402581","https://openalex.org/W3123360103","https://openalex.org/W2287903984","https://openalex.org/W2442130145","https://openalex.org/W3180799048","https://openalex.org/W2128362429","https://openalex.org/W2279198123","https://openalex.org/W2601723974","https://openalex.org/W1570069874","https://openalex.org/W2584441443"],"abstract_inverted_index":{"A":[0],"unique":[1],"data":[2,59],"set":[3,60],"enables":[4],"us":[5],"to":[6,20,89,93],"test":[7],"the":[8,35,65,76,82],"hypothesis":[9],"that":[10,25],"more":[11],"economists":[12,26],"than":[13,38],"otherwise":[14],"identical":[15],"investors":[16,39],"hold":[17],"stocks":[18],"due":[19],"informational":[21],"advantages.":[22],"We":[23,51,74],"confirm":[24],"have":[27],"a":[28,55],"significantly":[29],"higher":[30],"probability":[31],"of":[32,54],"participating":[33],"in":[34],"stock":[36,77],"market":[37,78],"with":[40],"any":[41],"other":[42],"education,":[43],"even":[44],"when":[45],"controlling":[46],"for":[47],"several":[48],"background":[49],"characteristics.":[50],"make":[52],"use":[53],"large":[56],"register-based":[57],"panel":[58],"containing":[61],"detailed":[62],"information":[63],"on":[64],"educational":[66],"attainments":[67],"and":[68,71],"various":[69,94],"financial":[70],"socioeconomic":[72],"variables.":[73],"model":[75],"participation":[79],"decision":[80],"by":[81],"probit":[83],"model.":[84],"The":[85],"results":[86],"are":[87],"shown":[88],"be":[90],"highly":[91],"robust":[92],"assumptions,":[95],"including":[96],"unobserved":[97],"individual":[98],"heterogeneity":[99]},"counts_by_year":[{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
