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.
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Paper provided by Massachusetts Institute of Technology (MIT), Department of Economics in its series Working papers with number
96-2.
Length: 75 pages Date of creation: 1996 Date of revision: Handle: RePEc:mit:worpap:96-2
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Find related papers by JEL classification: G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data) G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions G12 - Financial Economics - - General Financial Markets - - - Asset Pricing G15 - Financial Economics - - General Financial Markets - - - International Financial Markets G19 - Financial Economics - - General Financial Markets - - - Other
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