TY  - JOUR
AU  - Feldstein,Martin
AU  - Yitzhaki,Shlomo
TI  - Are High Income Individuals Better Stock Market Investors?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 948
PY  - 1982
Y2  - July 1982
UR  - http://www.nber.org/papers/w0948
L1  - http://www.nber.org/papers/w0948.pdf
N1  - Author contact info:
Martin S. Feldstein
President Emeritus
NBER
1050 Massachusetts Avenue
Cambridge, MA  02138-5398
Tel: 617/868-3905
Fax: 617/868-7194
E-Mail: msfeldst@nber.org

Shlomo Yitzhaki
Department of Economics
Hebrew University
Mount Scopus
Jerusalem 91905
ISRAEL
Tel: 972-2-659-2201
Fax: 972-2-652-2319
E-Mail: shlomo.yitzhaki@huji.ac.il
AB  - This paper presents evidence that the corporate stock owned by high income investors appreciates substantially faster than the stock owned by investors with lower incomes. Those with very high incomes enjoy the greatest success on their investments while those with incomes under $20,000 have the least success. The evidence indicates that the differences are large and that they have persisted for a long time.
ER  -