Stock market investment decisions of individual investors are positively correlated with stock market investment decisions of their co-workers. This holds even after accounting for plant, zip code, and stock fixed effects. Sorting of unobservably similar individuals to the same workplaces is unlikely to explain our results, as evidenced by the investment behavior of individuals that move betwee...

Background: Empowerment of women is considered to be a critical developmental strategy. Objectives: Today, empowerment of women is not only a priority, but it also is an urgent need of women as a one of the most important populations considering their roles in the family and community. Social support and empowerment of women are regarded as an investment for future generations, which will resu...

The investment model of commitment processes is rooted in interdependence theory and emerged from the broader scientific zeitgeist of the 1960s and 1970s that sought to understand seemingly irrational persistence in social behavior. The investment model was developed originally to move social psychology beyond focusing only on positive affect in predicting persistence in a close interpersonal r...

Using individual data from Japan, this paper investigates how a neighbor’s immobility is associated with individual investment in social capital. It is found that local homeownership has a positive effect on individual investment and that this effect for individual homeowners is about 2.5 times larger than for renters.