>Doug- Where can one find the data and conclusions Jason cites below? How do
>"packaged" stuff like mutual funds, retirement accounts get figured in?
>thanks,
Mutual fund holdings are allocated according to the underlying security, so that mutual fund holdings of stocks appear as stocks, etc. I've got a summary of the SCF data at <http://www.panix.com/~dhenwood/Wealth_distrib.html>. I've been meaning to add a link to the original paper, which is accessible in PS and PDF formats from <http://www.bog.frb.fed.us/pubs/oss/oss2/method.html>.
Doug