Journal Article
Are stocks overtaking real estate in household portfolios?
Tracy, Joseph; Schneider, Henry; Chan, Sewin (1999-04)
The rapid growth of the stock market since 1990 has encouraged the view that corporate equity holdings are becoming the primary asset for a broad spectrum of American households. A closer look at the evidence, however, reveals that real estate continues to eclipse stocks as a share of most households' portfolios.
Current Issues in Economics and Finance , Volume 5 , Issue Apr

Journal Article
Stocks in the household portfolio: a look back at the 1990s
Tracy, Joseph; Schneider, Henry (2001-04)
The growing prominence of stocks as a household asset in the 1990s encouraged the view that the United States had become a nation of zealous investors alert to every market development and eager to acquire new stocks. Yet an analysis of the factors behind the rise in the household equity share suggests that exceptionally high returns on stocks_rather than aggressive investment behavior_accounted for much of the increased importance of stocks.
Current Issues in Economics and Finance , Volume 7 , Issue Apr