Stock Price Expectations and Stock Trading

Michael D. Hurd, Susann Rohwedder

NBER Working Paper No. 17973
Issued in April 2012

---- Acknowledgements -----

Many thanks to the National Institute on Aging for research support under grants P01 AG008291 and P01 AG26571. The NIA and the Social Security Administration supported the collection of the ALP data used in this paper. We would like to thank the ALP project team and Alessandro Malchiodi for their hard work in fielding the surveys. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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