Private Finanzen: Anleger in einem komplexen Umfeld stärken
Der demografische Wandel, niedrige Zinsen und strukturelle Veränderungen im Rentensystem machen es Privatanlegern zunehmend schwer, in angemessenem Umfang für den Ruhestand vorzusorgen. Es lassen sich substantielle Unterschiede in der Verteilung von Finanzwerten und Schulden zwischen demografischen Gruppen und Ländern beobachten. Dies legt große Unterschiede in der finanziellen Altersvorsorge, aber auch unterschiedlich hohe Risiken, in finanzielle Schwierigkeiten zu geraten, nahe. Wir untersuchen, wie man Privatanleger in die Lage bringen kann, bessere Entscheidungen in einem komplexen finanziellen Umfeld zu treffen, und berücksichtigen dabei Faktoren wie Finanzbildung, Verhaltensmuster, technische Innovationen, angebotsseitige Strategien und einen sich verändernden regulatorischen Rahmen.
Forschungspapiere zum privaten Finanzverhalten
How will Persistent Low Expected Returns Shape Household Economic Behavior? |
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | Household Finance | Journal of Pension Economics & Finance, 2019 | 2019 | |
Peer Effects and Risk Sharing in Experimental Asset Markets |
Sascha Baghestanian, Paul Gortner, Joël van der Weele | Corporate Finance, Household Finance, Financial Markets | European Economic Review, 2019 | 2019 | peer effects, laboratory experiments, risk taking, asset markets |
Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data |
Yuri Pettinicchi, Nathanael Vellekoop | Household Finance | SAFE Working Paper No. 249 | 2019 | Subjective expectations; Durable consumption; Household saving |
Smoking Hot Portfolios? Overtrading from Self-Control Failure |
Andreas Hackethal, Steffen Meyer, Charline Uhr | Household Finance | SAFE Working Paper No. 245 | 2019 | self-control; portfolio allocation; individual investor; trading behavior |
Predictors and Portfolios Over the Life Cycle |
Holger Kraft, Claus Munk, Farina Weiss | Household Finance | Journal of Banking and Finance , 2019 | 2019 | Return predictability, human capital, housing, investments, welfare |
Explaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments? |
Nathanael Vellekoop | Household Finance | SAFE Working Paper No. 237 | 2018 | consumption, consumption commitments, paycheck frequency, liquidity |
Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data |
Irina Gemmo, Martin Götz | Household Finance | SAFE Working Paper No. 240 | 2019 | |
Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security |
Daniel Harenberg, Alexander Ludwig | Household Finance, Macro Finance | International Economic Review, 2019 | 2019 | social security, idiosyncratic risk, aggregate risk, welfare |
Implications of Money-Back Guarantees for Individual Retirement Accounts: Protection Then and Now |
Vanya Horneff, Daniel Liebler, Raimond Maurer, Olivia S. Mitchell | Household Finance | SAFE Working Paper No. 263 | 2019 | individual retirement account, investment guarantee, longevity risk, retirement income, life cycle model |
Consumption-Portfolio Choice with Preferences for Cash |
Holger Kraft, Farina Weiss | Household Finance | Journal of Economic Dynamics and Control, 2019 | 2019 | consumption-portfolio choice, money in the utility function, stock demand, stochastic control |
Client Involvement in Expert Advice: Antibiotics in Finance? |
Andreas Hackethal, Christine Laudenbach, Steffen Meyer, Annika Weber | Household Finance | SAFE Working Paper No. 219 | 2018 | Financial Advice, Individual Investors, Client Involvement |
Quantifying Inertia in Retail Deposit Markets |
Florian Deuflhard | Household Finance | SAFE Working Paper No. 223 | 2018 | |
Can Advertising Investments Counter the Negative Impact of Shareholder Complaints on Firm Value? |
Jaakko Aspara, Arvid Hoffmann, Joost Pennings, Simone Wies | Household Finance | Journal of Marketing, 2019 | 2019 | |
Participation and Losses in Multi-Level Marketing: Evidence from an FTC Settlement |
Claes Bäckman, Tobin Hanspal | Household Finance | SAFE Working Paper No. 207 | 2018 | Intermediated work; Multi-level marketing; Gig-economy; Entrepreneurship; Con- sumer financial protection |
Financial Education for the Disadvantaged? A Review |
Horst Entorf, Jia Hou | Household Finance | SAFE Working Paper No. 205 | 2018 | Education, Financial Literacy, Inequality, Program Evaluation |
Pushing Through or Slacking Off? Heterogeneity in the Reaction to Rank Feedback |
Florian Hett, Felix Schmidt | Household Finance | SAFE Working Paper No. 203 | 2018 | heterogeneity, competitiveness; contest; rank feedback, relative performance evaluation |
Once Bitten, Twice Shy: The Power of Personal Experiences in Risk Taking |
Steffen Andersen, Tobin Hanspal, Kasper Meisner Nielsen | Household Finance | Journal of Financial Economics, 2019 | 2019 | Experiences, Risk taking, Financial crisis, Household finance |
P2P Lending versus Banks: Cream Skimming or Bottom Fishing? |
Loriana Pelizzon, Anjan Thakor, Calebe de Roure | Household Finance, Systemic Risk Lab | SAFE Working Paper No. 206 | 2018 | |
Inflation Expectations and Choices of Households |
Nathanael Vellekoop, Mirko Wiederholt | Household Finance | SAFE Working Paper No. 250 | 2019 | |
How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior |
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | Household Finance | SAFE Working Paper No. 190 | 2017 | dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax |
Financial Literacy and Socialist Education: Lessons from the German Reunification |
Maddalena Davoli, Jia Hou | Household Finance | SAFE Working Paper No. 217 | 2018 | financial literacy determinants, socialist education, German reunification, DiD |
Housing Habits and Their Implications for Life-Cycle Consumption and Investment |
Holger Kraft, Claus Munk, Sebastian Wagner | Household Finance | Review of Finance, 2018 | 2018 | Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital |
Consumption-Portfolio Choice with Preferences for Cash |
Holger Kraft, Farina Weiss | Household Finance | SAFE Working Paper No. 181 | 2018 | consumption-portfolio choice, money in the utility function, stock demand, stochastic control |
International Capital Markets with Time-Varying Preferences |
Giuliano Curatola, Ilya Dergunov | Financial Markets, Household Finance | SAFE Working Paper No. 176 | 2017 | Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice |
How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios |
Andreas Hubener, Raimond Maurer, Olivia S. Mitchell | Household Finance | Review of Financial Studies, 2016 | 2016 | |
Older People’s Willingness to Delay Social Security Claiming |
Raimond Maurer, Olivia S. Mitchell | Household Finance | SAFE Working Paper No. 170 | 2016 | |
Who Saves More, the Naive or the Sophisticated Agent? |
Max Groneck, Alexander Ludwig, Alexander Zimper | Macro Finance, Household Finance | SAFE Working Paper No. 169 | 2017 | Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency |
Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence |
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek | Household Finance | SAFE Working Paper No. 164 | 2017 | Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security |
The Effect of Personal Financing Disruptions on Entrepreneurship |
Tobin Hanspal | Household Finance, Corporate Finance | SAFE Working Paper No. 161 | 2016 | Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults |
Does feedback on personal investment success help? |
Sophie Ahlswede, Steffen Meyer, Linda Urban | Household Finance | SAFE Working Paper No. 157 | 2016 | household finance, field study, individual investors, reporting, investment mistakes, regulation |
Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum |
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek | Household Finance | Journal of Risk and Insurance, 2018 | 2018 | Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension |
Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities |
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | Household Finance | SAFE Working Paper No. 150 | 2016 | dynamic portfolio choice, longevity risk, variable annuity, retirement income |
On the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data |
Sven-Thorsten Jakusch | Household Finance | SAFE Working Paper No. 148 | 2016 | Utility Functions, Model Selection, Parameter Elicitation |
Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach |
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer | Household Finance | SAFE Working Paper No. 147 | 2016 | Utility Theory, Maximum Likelihood, Individual Investors |
Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011) |
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer | Household Finance | SAFE Working Paper No. 146 | 2016 | Prospect Theory, Parameter Elicitation, Investors Heterogeneity |
Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education |
Ulrich Schüwer | Household Finance | Review of Finance, 2017 | 2017 | consumer education,financial literacy, bounded rationality, competition, regulation |
The Impact of Long-Run Macroeconomic Experiences on Personality |
Nathanael Vellekoop | Household Finance | SAFE Working Paper No. 142 | 2016 | Personality traits, Big Five, Locus of control, labor market, unemployment |
Predictors and Portfolios Over the Life Cycle |
Holger Kraft, Claus Munk, Farina Weiss | Household Finance | SAFE Working Paper No. 139 | 2016 | Return predictability, human capital, housing, investments, welfare |
A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers |
Elia Berdin, Christoffer Kok, Cosimo Pancaro | Financial Institutions | SAFE Working Paper No. 137 | 2016 | Financial Stability, Insurance, Interest Rate Risk, Stress Test |
Consumption Habits and Humps |
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner | Household Finance | Economic Theory, 2017 | 2017 | Consumption hump, life-cycle utility maximization, habit formation, impatience |
Investor Protection Through Model Case Procedures – Implementing Collective Goals and Individual Rights Under the 2012 Amendment to the German Capital Markets Model Case Act (KapMuG) |
Brigitte Haar | Corporate Finance | European Business Organization Law Review, 2014 | 2014 | collective litigation, investor protection, test cases, German Capital Markets Model Case Act (KapMuG) |
On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium |
Dirk Krueger, Alexander Ludwig | Macro Finance | Journal of Monetary Economics, Vol 77, pp. 72-98, 2016 | 2016 | Progressive Taxation, Education Subsidy, Transitional Dynamics |
Insurance Activities and Systemic Risk |
Elia Berdin, Matteo Sottocornola | Systemic Risk Lab, Financial Institutions | SAFE Working Paper No. 121 | 2015 | Systemic Risk, Insurance Activities, Systemically Important Financial Institutions |
Asset Market Participation and Portfolio Choice Over the Life-Cycle |
Andreas Fagereng, Charles Gottlieb, Luigi Guiso | Household Finance | SAFE Working Paper No. 115 | 2015 | - |
On the Distributive Effects of Inflation |
Charles Gottlieb | Household Finance | SAFE Working Paper No. 116 | 2015 | Anticipated Inflation, Monetary Policy, Incomplete markets, Heterogeneous agents, Endogenous Asset Market Participation |
Housing Habits and Their Implications for Life-Cycle Consumption and Investment |
Holger Kraft, Claus Munk, Sebastian Wagner | Household Finance | SAFE Working Paper No. 85 | 2015 | Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital |
Private Enforcement of Investor Protection – Is Private Law up for the Challenge? A Glance at the United Kingdom |
Kosmas Kaprinis, Katja Langenbucher | Household Finance | 100 Jahre Rechtswissenschaft in Frankfurt (Vittorio Klostermann), 2014 | 2014 | |
Financial Education, Literacy and Investment Attitudes |
Agar Brugiavini, Danilo Cavapozzi, Mario Padula, Yuri Pettinicchi | Household Finance | SAFE Working Paper No. 86 | 2015 | Financial education, Financial literacy, Planning, Investment attitudes |
Health Status and Portfolio Choice: Is Their Relationship Economically Relevant? |
Silvia Bressan, Noemi Pace, Loriana Pelizzon | Household Finance, Systemic Risk Lab | International Review of Financial Analysis, 2014 | 2014 | Household portfolios, Health status |
Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection |
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla | Household Finance | Insurance: Mathematics and Economics, 2015 | 2015 | dynamic portfolio choice; longevity risk; variable annuity; money-back guarantee; liquidity; retirement income |
Keeping Households out of Financial Trouble |
Michael Haliassos | Household Finance | Financial Regulation: A Transatlantic Perspective (Cambridge University Press), 2015 | 2015 | |
Risk Aversion and Religion |
Charles N. Noussair, Stefan T. Trautmann, Nathanael Vellekoop, Gijs van de Kuilen | Household Finance | Journal of Risk and Uncertainty, 2013 | 2013 | |
Peer Effects and Risk Sharing in Experimental Asset Markets |
Sascha Baghestanian, Paul Gortner, Joël van der Weele | Corporate Finance, Household Finance, Financial Markets | SAFE Working Paper No. 67 | 2014 | peer effects, laboratory experiments, risk taking, asset markets |
Control Thyself: Self-Control Failure and Household Wealth |
Nina Biljanovska, Spyridon Palligkinis | Household Finance, Macro Finance | SAFE Working Paper No. 69 | 2014 | Self-Control, Household Wealth, Household Finance |
Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods |
Alexander Ludwig, Matthias Schön | Household Finance, Macro Finance | SAFE Working Paper No. 72 | 2014 | Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation |
Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum |
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek | Household Finance | SAFE Working Paper No. 84 | 2015 | Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension |
Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios |
Laurent Calvet, Paolo Sodini | Household Finance | SAFE Working Paper No. 13 | 2013 | Asset allocation, communication, genetics, habit formation, human capital, labor income, leverage, participation, risk-taking, social interactions, twin study |
Does Mood Affect Trading Behavior? |
Markku Kaustia, Elias Rantapuska | Household Finance | SAFE Working Paper No. 4 | 2013 | mood, seasonal affective disorder (SAD), weather, trading behavior, stock market |
Does Sophistication Affect Long-Term Return Expectations? Evidence from Financial Advisers' Exam Scores |
Markku Kaustia, Antti Lehtoranta, Vesa Puttonen | Household Finance | SAFE Working Paper No. 3 | 2013 | stock return expectations, sophistication, financial literacy, adviser |
Stock Ownership and Political Behavior: Evidence from Demutualization |
Markku Kaustia, Samuli Knüpfer, Sami Torstila | Household Finance | SAFE Working Paper No. 2 | 2013 | Stock ownership, political behavior, salience, attention, identity |
Banks’ Financial Distress, Lending Supply and Consumption Expenditure |
H. Evren Damar, Reint Gropp, Adi Mordel | Financial Institutions | SAFE Working Paper No. 39 | 2014 | credit supply, banking, financial crisis, consumption expenditure, liquid assets, consumption smoothing |
Asset Prices in General Equilibrium with Recursive Utility and Illiquidity Induced by Transactions Costs |
Adrian Buss, Raman Uppal, Grigory Vilkov | Financial Markets | SAFE Working Paper No. 41 | 2014 | liquidity premium, incomplete markets, portfolio choice, heterogeneous agents |
Consumption-Investment Problems with Stochastic Mortality Risk |
Lorenz Schendel | Household Finance | SAFE Working Paper No. 43 | 2014 | Stochastic mortality risk, Health jumps, Labor income risk, Portfolio choice, Insurance |
Critical Illness Insurance in Life Cycle Portfolio Problems |
Lorenz Schendel | Household Finance | SAFE Working Paper No. 44 | 2014 | Health shocks, Health expenses, Labor income risk, Stochastic mortality risk, Portfolio choice |
Consumption and Wage Humps in a Life-Cycle Model with Education |
Holger Kraft, Claus Munk, Frank Thomas Seifried, Mogens Steffensen | Household Finance | SAFE Working Paper No. 53 | 2014 | Education, leisure, consumption hump, wage hump |
Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security |
Daniel Harenberg, Alexander Ludwig | Household Finance, Macro Finance | SAFE Working Paper No. 59 | 2014 | social security, idiosyncratic risk, aggregate risk, welfare |
Does Product Familiarity Matter for Participation? |
Nicola Fuchs-Schündeln, Michael Haliassos | Household Finance | SAFE Working Paper No. 63 | 2014 | household finance, familiarity, financial literacy, stockholding, household debt, social interactions, consumer credit, counterfactual analysis, German reunification |
Household Finance and the Law – A Case Study on Economic Transplants |
Katja Langenbucher | Household Finance | Financial Regulation: A Transatlantic Perspective (Cambridge University Press), 2015 | 2015 | |
Incompatible European Partners? Cultural Predispositions and Household Financial Behavior |
Michael Haliassos, Thomas Jansson, Yigitcan Karabulut | Household Finance | SAFE Working Paper No. 58 | 2014 | Household Portfolios, Household Finance, Cultural Influences on Economic Behavior |
A Life-Cycle Model with Ambiguous Survival Beliefs |
Max Groneck, Alexander Ludwig, Alexander Zimper | Household Finance, Macro Finance | Journal of Economic Theory, 2016 | 2016 | Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles |
Household Debt and Social Interactions |
Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini | Household Finance | Review of Financial Studies, 2014 | 2014 | household finance, household debt, social interactions, mortgages, consumer credit, informal loans |
The Effects of a Low Interest Rate Environment on Life Insurers |
Elia Berdin, Helmut Gründl | Financial Institutions | The Geneva Papers on Risk and Insurance: Issues and Practice, 2015 | 2015 | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II |
Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation |
Axel Börsch-Supan, Alexander Ludwig, Edgar Vogel | Household Finance, Macro Finance | Journal of Pension Economics & Finance, 2017 | 2017 | population aging, human capital, welfare, pension reform, retirement age, open economy |
The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II |
Helmut Gründl, Tobias Niedrig | Financial Institutions | The Geneva Papers on Risk and Insurance: Issues and Practice, 2015 | 2015 | Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness |
Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation |
Tobias Niedrig | Financial Institutions | Journal of Insurance Issues, 2015 | 2015 | Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness |
Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk |
Daniel Harenberg, Alexander Ludwig | Household Finance, Macro Finance | International Tax and Public Finance, 2015 | 2015 | social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out |
Regulatory Influence on Market Conditions in the Banking Union |
Tobias Tröger | Financial Institutions | European Business Organization Law Review, 2015 | 2015 | banking union, macro-prudential supervision, real estate lending, bail-in, market discipline |
Life Insurance Demand under Health Shock Risk |
Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen | Household Finance | Journal of Risk and Insurance, 2017 | 2017 | Health shocks, Portfolio choice, Term life insurance, Mortality risk, Labor income risk |
Financial Advice |
Andreas Hackethal | Household Finance | E. Faia, A. Hackethal, M. Haliassos, K. Langenbucher (Eds.), Financial Regulation: A Transatlantic Perspective (Cambridge University Press), pp. 245-270, 2015 | 2015 |
Policy-Publikationen zum privaten Finanzverhalten
Forschungsprojekte zum privaten Finanzverhalten
| Publication Count | ||||||
|---|---|---|---|---|---|---|
| Household Finance | Consumption-Portfolio-Housing Choice with Reverse Mortgages |
Christoph Hambel, Holger Kraft, André Meyer-Wehmann | 2019 | Reverse mortgages, consumption-portfolio choice, stochastic opportunity set, | 21333 | 0 |
| Household Finance | Finanzforum - Panel Rounds 2,3 and 4 and Corresponding Projects |
Konstantin Bräuer, Andreas Hackethal, Mike Kirchler, Christine Laudenbach, Steffen Meyer, Thomas Pauls, Annika Weber, Utz Weitzel | 2019 | Panel survey merged with administrative data, RCTs, experiments, surveys, topics: role of financial advice, pension planning, preferences and beliefs | 21332 | 1 |
| Household Finance | Using Behavioral Experiments to Capture Time Inconsistency in Households Financial Decision Making |
Andrej Gill, Florian Hett | 2019 | financial mistakes, transaction data, household finance, time-inconsistency, present bias, time preferences, online experiment, preference heterogeneity | 21337 | 0 |
| Household Finance, Systemic Risk Lab | Credit Supply and Demand, Monetary Policy and P2P Lending |
Michele Costola, Xu Liu, Steven Ongena, Loriana Pelizzon, Anjan Thakor, Calebe de Roure | 2019 | Peer-to-Peer Lending, Credit Supply, Monetary Policy | 21334 | 0 |
| Household Finance | Asset Class Participation and the Effect of Peer Performance on Allocation |
Andreas Hackethal, Tobin Hanspal, Dominique Lammer | 2019 | Stock market participation, bitcoin, cryptocurrencies, peer-effects, behavioral finance, household finance, individual investors | 21336 | 0 |
| Household Finance | Anticipation Effects in Macroprudential Policies: Evidence from a Natural Experiment |
Claes Bäckman, Tobin Hanspal, Josefin Kilman | 2019 | Macroprudential policy, Amortization requirements, Housing Affordability; Natural experiment | 21335 | 0 |
| Household Finance | Social Capital, Economic Opportunity, and Multi-Level Marketing |
Claes Bäckman, Tobin Hanspal | 2018 | Consumer financial protection, Household finance, Entrepreneurship, Multi-level marketing, Ponzi scheme, Pyramid scheme | 21328 | 1 |
| Household Finance | Explaining Non-participation in an Employee Savings Plan: Evidence from Administrative Data |
David Love, Giang Nghiem, Nathanael Vellekoop | 2018 | Household savings, non-participation, administrative data | 21331 | 0 |
| Household Finance | Investor Characteristics and Long-Term Financial Decision Making |
Andreas Hackethal, Christine Laudenbach, Steffen Meyer, Thomas Pauls, Annika Weber | 2018 | RCTs on administrative panel dataset, stock market participation, role of financial advice | 21324 | 1 |
| Household Finance | Heterogeneity in the Sensitivity to Dynamic Incentives |
Florian Hett, Felix Schmidt | 2018 | Peer Effects, Laboratory Experiments, Experimental Finance, Tournaments, Behavioral Finance, Rank Incentives | 21329 | 1 |
| Household Finance | The Consumption Response to Stock Market Wealth |
Gregor Becker, Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal | 2018 | Permanent Income Hypothesis, Marginal Propensity to Consume, Personal Financial Management | 21327 | 0 |
| Household Finance | Rentencockpit/Pensions Dashboard - Promoting Individual Pension Transparency |
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine Laudenbach, Charline Uhr | 2018 | pensions dashboard, financial sophistication, financial literacy, pension planning, field experiment, FinTech, rational inattention | 21325 | 0 |
| Household Finance | Robo-Advisers and Investor Behavior |
Andreas Hackethal, Benjamin Loos, Alessandro Previtero | 2018 | Robo-advice, Financial advisors, Invdividual Investors, Financial Technology, Financial Inclusion, Risk Taking, Behavioral Biases. | 21326 | 0 |
| Household Finance | How to Reduce Inertia of Private Investors? |
Florian Deuflhard, Roman Inderst | 2018 | private investor inertia | 21330 | 1 |
| Household Finance, Financial Markets | Preference Heterogeneity, Non-Price-Taking Behavior and Asset Prices |
Giuliano Curatola, Ilya Dergunov, Alessandro Gioffré, Roberto Panzica | 2017 | Networks, social interactions, asset prices | 21650 | 0 |
| Household Finance | Inflation Expectations and Household Consumption Behavior |
Satyajit Dutt, Nathanael Vellekoop, Mirko Wiederholt | 2017 | Inflation expectations; household savings; panel data; monetary economics | 21323 | 1 |
| Household Finance | Assessing the Impact of Mandatory Financial Guarantees in Individual Retirement Accounts on Saving, Work, and Retiree Wellbeing: The Case of German Riester Plans |
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | 2017 | Household Finance, Riester Pension Plans, Individual Retirement Accounts, Money-back Guarantees, Pension Regulation, Welfare analysis, Longevity Risk, Annuities, Social Security Claiming, Lifecycle Portfolio Choice | 21320 | 1 |
| Household Finance | Get ahead of the Joneses: Social Status |
Holger Kraft, Christoph Kühn, André Meyer-Wehmann | 2017 | 21650 | 1 | |
| Household Finance | Equity of Opportunities, Educational Achievement, and Financial Literacy |
Horst Entorf, Jia Hou | 2017 | 21670 | 1 | |
| Household Finance | Financial Decision Making and Present Bias |
Andrej Gill, Florian Hett, Johannes Tischer | 2017 | financial mistakes, transaction data, household finance, time-inconsistency, present bias, time preferences, online experiment, randomized controlled trial, preference heterogeneity, commitment devices, nudging | 21321 | 1 |
| Household Finance, Systemic Risk Lab | How Does On-line/P2P Lending Fit Into the Consumer Credit Market |
Tanja Baccega, Andrea Bedin, Silvia Dalla Fontana, Loriana Pelizzon, Anjan Thakor, Calebe de Roure | 2017 | P2P lending, financial intermediation, consumer credit | 21322 | 1 |
| Household Finance | Financial Networks in the Field |
Paul Gortner, Joël van der Weele | 2016 | 21650 | 1 | |
| Macro Finance | Preparedness for Retirement and Old Age Poverty in Germany |
Raphael Abiry, Patricia Gallego Granados, Johannes Geyer, Nils Grevenbrock, Peter Haan, Osman Küçükşen, Alexander Ludwig, Holger Lüthen | 2016 | old age poverty, preparedness for retirement, pension reform | 21522 | 0 |
| Household Finance | How do Households Learn to Use a New Financial Product? Savings Behavior in the Plan, Crowd-Out, and the Role of Social Interactions |
Satyajit Dutt, David Love, Henriette Prast, Nathanael Vellekoop | 2016 | financial products, household savings, crowd-out, social interactions, administrative data | 21921 | 0 |
| Financial Markets, Household Finance | Bequeathing Illiquid Assets across Generations in an Aging Society |
Holger Kraft, Farina Weiss | 2016 | demographic change, overlapping generations, household finance, asset pricing, welfare, life cycle | 21660 | 1 |
| Macro Finance, Household Finance | Tax Treatment and Inequality in Labor Market Behavior |
Nicola Fuchs-Schündeln, Hannah Paule-Paludkiewicz, Paul Reimers | 2016 | 21670 | 1 | |
| Household Finance, Financial Institutions | Demographic Changes, Optimal Design of Life Insurance Contracts and Household Welfare |
Helmut Gründl, Martin Götz, Holger Kraft, Raimond Maurer | 2016 | 21660 | 1 | |
| Financial Markets, Household Finance | Time-Varying Preferences and International Capital Markets |
Giuliano Curatola, Ilya Dergunov | 2016 | Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice | 21650 | 1 |
| Macro Finance, Household Finance | Financial Frictions and Inequality |
Alexander Ludwig, Alexander Monge-Naranjo, Ctirad Slavik, Faisal Sohail | 2016 | 21670 | 1 | |
| Household Finance, Financial Institutions | Social Networks and Informal Lines of Credit |
Olga Goldfayn, Nathanael Vellekoop | 2016 | Personality; Household consumption and Savings | 21650 | 1 |
| Household Finance | Evaluating the Benefits of Hedging Longevity Risk Using Life Annuities with Liquidity Options |
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | 2016 | 21660 | 1 | |
| Financial Institutions | Financial Interactions in the Presence of Ambiguity |
Wenhui Li, Peter Ockenfels, Christian Wilde | 2016 | 21650 | 1 | |
| Household Finance | Risk Sharing and Lending: The Benefits of Repayment Flexibility |
Alessandro Gioffré, Yuri Pettinicchi | 2016 | risk-sharing, financial globalisation, aggregate demand, monitoring | 21650 | 1 |
| Macro Finance, Household Finance | Inequality and Assortative Matching |
Nicola Fuchs-Schündeln, Zhao Jin, Alexander Ludwig | 2016 | 21670 | 1 | |
| Household Finance | Non-Financial Life-Cycle Decisions and their Impact on Consumption-Portfolio Choice with Unspanned Labor Income |
Christoph Hambel, Holger Kraft | 2016 | 21392 | 1 | |
| Household Finance | How Insider Trading Endorses Firm Product Innovation |
Jeroen Derwall, Arvid Hoffmann, Joost Pennings, Simone Wies | 2016 | Firm product innovation, insider trading, abnormal stock returns, signaling | 21015 | 0 |
| Household Finance | How to Beat the Post-IPO Innovation Drain |
Christine Moorman, Simone Wies | 2016 | Breakthrough innovation, stock market impact, experience, IPO | 21015 | 0 |
| Household Finance | Entwicklung der Einkommensungleichheit in Deutschland während der Finanzkrise |
Nicola Fuchs-Schündeln | 2015 | 11340 | 1 | |
| Household Finance | Shareholder Complaints and Marketing Investments |
Jaakko Aspara, Arvid Hoffmann, Joost Pennings, Simone Wies | 2015 | Shareholder complaints, marketing investments, advertising, spillovers effects, firm value | 21912 | 1 |
| Household Finance | The Influence of Health Risks on the Optimal Portfolio Selection of Private Investors in the Life Cycle |
Raimond Maurer, Olivia S. Mitchell | 2015 | health risk, optimal consumption decision, optimal portfolio decision, longevity risk | 21391 | 1 |
| Household Finance | How Does Lifelong Learning Influence Consumption Portfolio Choice? |
Christoph Hambel, Holger Kraft, Claus Munk, Peter Schwamborn, Sebastian Wagner, Farina Weiss | 2014 | Education, Human capital, Consumption, Leisure | 11332 | 1 |
| Household Finance | Determinants of Young Adults’ Financial Behavior |
Victoria Serra-Sastre, Eirini Tatsi, Nathanael Vellekoop | 2014 | household finance, social interactions, spatial econometrics | 11337 | 0 |
| Financial Institutions, Systemic Risk Lab | Interconnectedness of Insurance Companies |
Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley | 2014 | Regulation, Systemic risk, portfolio exposures, networks, Insurance companies | 12127 | 1 |
| Household Finance | Household Decisions when Stocks, Labor Income and House Prices Share a Common Trend |
Christoph Hambel, Holger Kraft, Claus Munk, Sebastian Wagner, Farina Weiss | 2014 | Return predictability, house prices, labor income, stock prices, human capital, time-varying expectations, optimal life-cycle consumption and investment, renting vs.owning, intertemporal hedging, stock market participation, welfare loss | 11335 | 1 |
| Household Finance | Bonus Income and Household Saving |
David Card, Nathanael Vellekoop | 2014 | household finance, behavioral economics, permanent income hypothesis, household bargaining | 11338 | 1 |
| Macro Finance, Household Finance | Housing Wealth Across Cultures, Institutional Environments, and Life Cycles |
Enzo Cerletti, Ester Faia, Michael Haliassos, Spyridon Palligkinis | 2014 | housing investment, status utility, bequest, portfolio decisions, borrowing constraints | 11524 | 0 |
| Financial Institutions | The Impact of Interest Rate and Mortality Risks on the Solvency Situation of Life Insurance Companies |
Elia Berdin, Helmut Gründl | 2014 | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II, Effects of Monetary Policy | 21180 | 1 |
| Household Finance | Consumption-portfolio Choice with Critical Illness |
Christoph Hambel, Holger Kraft, Mogens Steffensen, Sebastian Wagner, Farina Weiss | 2014 | Health shocks, Health expenses, Labor income risk, Stochastic mortality risk, Portfolio choice | 11334 | 1 |
| Household Finance | Households Willingness to Delay Social Security Benefits |
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla | 2014 | Life Cycle Portfolio Choice, Asset Allocation, Household Finance, Life Insurance, Social Security | 11331 | 1 |
| Household Finance | Household Finance: Legal and Institutional Framework |
Kai Jungbluth, Kosmas Kaprinis, Thomas Kelm, Katja Langenbucher, Tobias Tröger | 2013 | Household finance, investor protection, MiFid | 11329 | 1 |
| Household Finance | Are Financial Advisors (Good) Match-Makers? |
Thomas Otter, Matthias Rumpf | 2013 | financial advice, rule based recommendations, heterogeneity, retirement saving, survey based experiments, Bayesian inference | 11327 | 0 |
| Household Finance | Implications of Financial Market Imperfections for Wealth and Debt Accumulation in the Household Sector |
Hector Calvo-Pardo, Chryssi Giannitsarou, Andreas Hackethal, Michael Haliassos, Thomas Jansson, Yigitcan Karabulut | 2013 | 11390 | 1 | |
| Household Finance | Numerical Methods in Life-Cycle Portfolio Choice with Labor Income, Housing and Biometric Risk |
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner, Farina Weiss | 2013 | Labor income risk, Consumption, Portfolio choice, Insurance, Durable good | 11323 | 1 |
| Household Finance | How Does Household Financial Behavior Respond to Changes in the Economic Environment? |
Nicola Fuchs-Schündeln, Michael Haliassos | 2013 | household finance, product awareness, natural experiment | 11321 | 1 |
| Household Finance | Culture and Household Financial Behavior |
Michael Haliassos, Thomas Jansson, Yigitcan Karabulut | 2013 | Household Finance, Culture, Institutions, European Integration | 11350 | 1 |
| Household Finance | Portfolio Reporting: How to Help individual Investors Learn from Past Mistakes |
Sophie Ahlswede, Andreas Hackethal, Steffen Meyer | 2013 | Individual investor decisions, risk perception, risk reportung, financial literacy, peer benchmarking, nudges | 11325 | 1 |
| Household Finance | Revealed Preferences and Risk Aversion in Financial Markets - New Empirical Evidence from a Maximum Likelihood Approach |
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer | 2013 | Individual Investment behavior, round trip trades, prospect theory, expected utility, heterogeneity of preferences, time stability of preferences | 11326 | 1 |