The Effect of Education on Equity Holdings

  • Dmytro Hryshko, Maŕıa José Luengo-Prado
  • Published 2008
We study the effect of education on ownership of equity in the form of traded stocks or business ownership. Using data from the Panel Study of Income Dynamics we find that education is positively correlated with equity holding. We use the number of colleges in the county where the head grew up to identify a causal effect of education. We find that more… CONTINUE READING