Stock Ownership Patterns, Stock Market Fluctuations, and Consumption

James Poterba () and Andrew Samwick

Working papers from Massachusetts Institute of Technology (MIT), Department of Economics

Abstract: The market value of corporate stock in the United States increased by nearly one trillion dollars between December 1994 and July 1995. This paper explores the distribution of the stock ownership, and hence the gains from the stock price rise, and what the rise in stock prices implies for consumer spending.

Keywords: FINANCIAL MARKET; SHAREHOLDERS; STOCK MARKET; CONSUMPTION; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: G10 G11 G12 G15 G19 (search for similar items in EconPapers)
Date: 1996
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Journal Article: Stock Ownership Patterns, Stock Market Fluctuations, and Consumption (1995)
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