Household Finance

The department Household Finance conducts research on the financial decisions of private households and the interplay between the supply of and the demand for financial services. The research projects in this area are united by the overarching goal of developing solutions that lead to better financial decisions by households. In addition to the microeconomic perspective, the department also follows a macroeconomic perspective, for example concerning the design of pension systems as a determinant of both the depth and width of capital markets and long-term wealth formation in the household sector of an economy.

Publications

Author/s	Title	Program Area	Type	Published	Keywords
Christine Laudenbach, Jenny Pirschel, Stephan Siegel	Personal Communication in an Automated World: Evidence from Loan Repayments forthcoming in Journal of Finance	Household Finance	Published Paper	2022
Christine Laudenbach, Michael Ungeheuer,, Martin Weber	How to Alleviate Correlation Neglect in Investment Decisions forthcoming in Management Science	Household Finance	Published Paper	2022
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine Laudenbach	Disparities in Financial Literacy, Pension Planning, and Saving Behavior SAFE Working Paper No. 362	Household Finance	SAFE Working Paper	2022
Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika Weber	On the Role of Monetary Incentives in Risk Preference Elicitation Experiments forthcoming in Journal of Risk and Uncertainty	Household Finance	Published Paper	2022	Risk Preferences, Incentives, Experimental Economics, Risk Aversion
Markus Eyting	Why do we Discriminate? The Role of Motivated Reasoning SAFE Working Paper No. 356	Household Finance, Experiment Center	SAFE Working Paper	2022
Raimond Maurer, Hans-Peter Schwintowski	Die Generationenrente ab Geburt: Vorschlag für eine Altersarmut vermeidende ergänzende kapitalgedeckte Alterssicherung White Paper No. 90	Household Finance	Policy Paper	2022	Generationenrente, kapitalgedeckte Alterssicherung
Olga Balakina, Claes Bäckman, Andreas Hackethal, Tobin Hanspal, Dominique Lammer	Good Peers, Good Apples? Peer Effects in Portfolio Quality SAFE Working Paper No. 353	Household Finance	SAFE Working Paper	2022	Household nance, investment decisions, investment behavior, peer eects, social networks
Fabian Nemeczek, Jan Wedigo Radermacher	Personality-Augmented MPC: Linking Survey and Transaction Data to Explain MPC Heterogeneity by Big Five Personality Traits SAFE Working Paper No. 348	Household Finance	SAFE Working Paper	2022	Marginal Propensity to Consume, Big Five Personality, Survey Data, Transaction Data
Heiko Jacobs, Christine Laudenbach, Sebastian Müller, Philipp Schreiber, Martin Weber	Die genial einfache Vermögensstrategie - so gelingt die finanzielle Unabhängigkeit Campus Verlag	Household Finance	Published Paper	2020	Vermögen, Kapitalanlage, Financial Investment
Emily C. Haisley, Christine Laudenbach, Martin Weber	The Role of Experience Sampling and Graphical Displays on One's Investment Risk Appetite Management Science	Household Finance	Published Paper	2013	risk taking, asset allocation, risk perception
Christine Laudenbach, Martin Weber	Sometimes Less is More - the Influence of Information Aggregation on Investment Decisions Journal of Economic Behavior & Organization	Household Finance	Published Paper	2013	risk-return, information aggregation, investment decisions
Christian Ehm, Christine Laudenbach, Martin Weber	Volatility Inadaptability: Investors Care About Risk, but Cannot Cope with Volatility Review of Finance	Household Finance	Published Paper	2014	volatility, risk attitude, experimental finance, behavioral asset pricing
Christine Laudenbach, Ulrike M. Malmendier, Alexandra Niessen-Ruenzi	Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism AEA Papers and Proceedings	Household Finance	Published Paper	2019	Household Finance, Emotional Tagging, Communism
Andrej Gill, Florian Hett, Johannes Tischer	Time Inconsistency and Overdraft Use: Evidence from Transaction Data and Behavioral Measurement Experiments SAFE Working Paper No. 347	Household Finance, Experiment Center	SAFE Working Paper	2022	Household Finance, Paycheck Sensitivity, Fintech, Time Inconsistency, Time Preferences, Experiment, Behavioral Measurement
Roman Inderst, Marcus Opp	Socially Optimal Sustainability Standards with Non-Consequentialist ("Warm Glow") Investors SAFE Working Paper No. 346	Financial Intermediation, Law and Finance, Household Finance	SAFE Working Paper	2022	Sustainability; ESG; green financing; labelling;
Florian Heider, Roman Inderst	A Corporate Finance Perspective on Environmental Policy SAFE Working Paper No. 345	Financial Intermediation, Law and Finance, Household Finance	SAFE Working Paper	2022
Steffen Eibelshäuser, Fabian Smetak	Frequent Batch Auctions and Informed Trading SAFE Working Paper No. 344	Household Finance, Financial Markets	SAFE Working Paper	2022
Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes Wohlfart	The Trading Response of Individual Investors to Local Bankruptcies Journal of Financial Economics	Household Finance	Published Paper	2021	Individual investors, risk-taking, trading, experiences
Victor Klockmann, Marie Claire Villeval, Alicia von Schenk	Artificial Intelligence, Ethics, and Intergenerational Responsibility SAFE Working Paper No. 335	Household Finance, Experiment Center	SAFE Working Paper	2022
Raimond Maurer	Chancen und Risiken der kapitalgedeckten Alterssicherung Vermögensbildungspolitik (Springer)	Household Finance	Published Paper	2021
Victor Klockmann, Marie Claire Villeval, Alicia von Schenk	Artificial Intelligence, Ethics, and Diffused Pivotality SAFE Working Paper No. 336	Household Finance, Experiment Center	SAFE Working Paper	2022	Artificial Intelligence, Big Data, Pivotality, Ethics, Experiment
Gyozo Gyöngyösi, Judit Rariga, Emil Verner	The Anatomy of Consumption in a Household Foreign Currency Debt Crisis SAFE Working Paper No. 332	Household Finance	SAFE Working Paper	2021
Nina Biljanovska, Spyridon Palligkinis	Control Thyself: Self-Control Failure and Household Wealth Journal of Banking & Finance	Household Finance, Macro Finance	Published Paper	2018	Self-Control, Household Wealth, Household Finance
Alexander Ludwig, Matthias Schön	Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods Computational Economics (Springer)	Household Finance, Macro Finance	Published Paper	2018	Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence Journal of Risk and Insurance	Household Finance	Published Paper	2021	Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior How Persistent Low Returns Will Shape Saving and Retirement (University Press Scholarship Online)	Household Finance	Published Paper	2018	dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax
Andreas Hackethal, Steffen Meyer, Charline Uhr	Smoking Hot Portfolios? Overtrading from Self-Control Failure Journal of Empirical Finance	Household Finance	Published Paper	2021	self-control; portfolio allocation; individual investor; trading behavior
Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr	Ambiguity About Volatility and Investor Behavior Journal of Financial Economics	Household Finance	Published Paper	2022
Gyozo Gyöngyösi, Emil Verner	Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis American Economic Review	Household Finance	Published Paper	2020
Gyozo Gyöngyösi, Emil Verner	Financial Crisis, Creditor-Debtor Conflict, and Populism Journal of Finance	Household Finance	Published Paper	2022
Andreas Hackethal, Tobin Hanspal, Dominique Lammer, Kevin Rink	The Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments Review of Finance	Household Finance	Published Paper	2022	Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior
Barbara Kaschützke, Raimond Maurer	Staatliche Sicherung und Eigenvorsorge in der Sozialen Marktwirtschaft der Bundesrepublik Deutschland Policy Letter No. 90	Household Finance	Policy Paper	2021	Soziale Marktwirtschaft, staatliche Sozialversicherung, private Vermögensbildung, demographischer Wandel
Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal	Consuming Dividends Review of Financial Studies	Household Finance	Published Paper	2022	Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Koenen, Christine Laudenbach	Gender Differences in Financial Advice SAFE Working Paper No. 309	Household Finance	SAFE Working Paper	2021	credence goods, financial aptitude, consumer protection, financial literacy, discrimination
Thomas Pauls	The Impact of Temporal Framing on the Marginal Propensity to Consume SAFE Working Paper No. 308	Household Finance	SAFE Working Paper	2021
Sabine Bernard, Benjamin Loos, Martin Weber	The Disposition Effect in Boom and Bust Markets SAFE Working Paper No. 305	Household Finance	SAFE Working Paper	2021	Disposition Effect, Financial Market Cycles, Household Finance, Retail Investor
Andreas Hackethal, Ankit Kalda, Benjamin Loos, Alessandro Previtero	Smart (Phone) Investing? A Within Investor-Time Analysis of New Technologies and Trading Behavior SAFE Working Paper No. 303	Household Finance	SAFE Working Paper	2021	fintech, investor behavior, financial risk-taking, lottery-type assets, investment biases, trend chasing, spillover effects
Di Bu, Tobin Hanspal, Yin Liao, Yong Liu	Risk Taking, Preferences, and Beliefs: Evidence from Wuhan SAFE Working Paper No. 301	Household Finance	SAFE Working Paper	2020
Di Bu, Tobin Hanspal, Yin Liao, Yong Liu	Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing Journal of Financial and Quantitative Analysis	Household Finance	Published Paper	2022	Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China
Andreas Hackethal, Annika Weber	Fiscal Policies and Household Consumption during the COVID-19 Pandemic: A Review of Early Evidence White Paper No. 76	Household Finance	Policy Paper	2020	Household Consumption, Fiscal Policies, Covid-19, Fiscal Stimulus Program
Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr	Ambiguity and Investor Behavior SAFE Working Paper No. 297	Household Finance	SAFE Working Paper	2020	ambiguity, uncertainty, individual investor, trading behavior
Andreas Hackethal, Raimond Maurer	Beitragsgarantien in der kapitalgedeckten Altersversorgung: Ein Reformvorschlag in Zeiten des Niedrigzinsniveaus White Paper No. 75	Household Finance	Policy Paper	2020	Private Altersvorsorge, Beitragsgarantien, Riester-Rente, Niedrigzinsen
Christoph Hambel, Holger Kraft, André Meyer-Wehmann	When Should Retirees Tap Their Home Equity? SAFE Working Paper No. 293	Household Finance	SAFE Working Paper	2020	reverse mortgage, consumption-portfolio decisions, optimal stopping, biometric risks, financial disasters
Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika Weber	On the Role of Monetary Incentives in Risk Preference Elicitation Experiments SAFE Working Paper No. 286	Household Finance	SAFE Working Paper	2020	Risk Preferences, Incentives, Experimental Economics, Risk Aversion
Calogero Brancatelli, Andreas Hackethal, Roman Inderst, Sebastian Schuler	Erkenntnisse aus sechs Wellen des Haushaltsbarometers: Sind "Konsumschecks" das richtige Mittel in der Corona-Krise? Policy Letter No. 87	Household Finance	Policy Paper	2020	Helicoptergeld, Haushaltskrisenbarometer, Mehrwertsteuersenkung, Kinderbonus
Tobin Hanspal, Annika Weber, Johannes Wohlfart	Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations SAFE Working Paper No. 279	Household Finance	SAFE Working Paper	2020	Coronavirus, Stockholding, Wealth shocks, Expectation formation, Inequality.
Andreas Hackethal, Tobin Hanspal, Dominique Lammer, Kevin Rink	The Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments SAFE Working Paper No. 277	Household Finance	SAFE Working Paper	2020	Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior
Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr	Google Search Volume and Individual Investor Trading Journal of Financial Markets	Household Finance	Published Paper	2020	Individual investorTrading behaviorInvestor sentiment
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities Journal of Banking and Finance	Household Finance	Published Paper	2020	Life cycle savingHousehold financeAnnuityLongevity risk401(k) planRetirement
Di Bu, Tobin Hanspal, Yin Liao, Yong Liu	Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing SAFE Working Paper No. 273	Household Finance	SAFE Working Paper	2020	Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China
Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes Wohlfart	The Trading Response of Individual Investors to Local Bankruptcies SAFE Working Paper No. 272	Household Finance	SAFE Working Paper	2020	Individual investors, risk-taking, trading, experiences
Wataru Kureishi, Hannah Paule-Paludkiewicz, Hitoshi Tsujiyama, Midori Wakabayashi	Time Preferences over the Life Cycle SAFE Working Paper No. 267	Household Finance	SAFE Working Paper	2020	Time Preferences; Preference Stability; Age; Discount Rates
Raimond Maurer, Olivia S. Mitchell	Older Peoples' Willingness to Delay Social Security Claiming Journal of Pension Economics and Finance	Household Finance	Published Paper	2020	Annuity; labor supply; lump sum; retirement age; social security
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How will Persistent Low Expected Returns Shape Household Economic Behavior? Journal of Pension Economics & Finance	Household Finance	Published Paper	2019
Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal	Consuming Dividends SAFE Working Paper No. 280	Household Finance	SAFE Working Paper	2020	Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor
Sascha Baghestanian, Paul Gortner, Joël van der Weele	Peer Effects and Risk Sharing in Experimental Asset Markets European Economic Review	Household Finance, Financial Markets, Experiment Center	Published Paper	2019	peer effects, laboratory experiments, risk taking, asset markets
Yuri Pettinicchi, Nathanael Vellekoop	Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data SAFE Working Paper No. 249	Household Finance	SAFE Working Paper	2019	Subjective expectations; Durable consumption; Household saving
Andreas Hackethal, Steffen Meyer, Charline Uhr	Smoking Hot Portfolios? Overtrading from Self-Control Failure SAFE Working Paper No. 245	Household Finance	SAFE Working Paper	2019	self-control; portfolio allocation; individual investor; trading behavior
Holger Kraft, Claus Munk, Farina Weiss	Predictors and Portfolios Over the Life Cycle Journal of Banking and Finance	Household Finance	Published Paper	2019	Return predictability, human capital, housing, investments, welfare
Nathanael Vellekoop	Explaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments? SAFE Working Paper No. 237	Household Finance	SAFE Working Paper	2018	consumption, consumption commitments, paycheck frequency, liquidity
Irina Gemmo, Helmut Gründl, Martin Götz	Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data SAFE Working Paper No. 240	Household Finance	SAFE Working Paper	2019
Daniel Harenberg, Alexander Ludwig	Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security International Economic Review	Household Finance, Macro Finance	Published Paper	2019	social security, idiosyncratic risk, aggregate risk, welfare
Vanya Horneff, Daniel Liebler, Raimond Maurer, Olivia S. Mitchell	Money-Back Guarantees in Individual Retirement Accounts: Still a Good Deal? SAFE Working Paper No. 263	Household Finance	SAFE Working Paper	2019	individual retirement account, investment guarantee, longevity risk, retirement income, life cycle model
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine Laudenbach	Wie viel Rente wirst du bekommen? – Pilotstudie zur Einführung einer Renteninformationsplattform in Deutschland	Household Finance	Policy Paper	2018
Holger Kraft, Farina Weiss	Consumption-Portfolio Choice with Preferences for Cash Journal of Economic Dynamics and Control	Household Finance	Published Paper	2019	consumption-portfolio choice, money in the utility function, stock demand, stochastic control
Andreas Hackethal, Christine Laudenbach, Steffen Meyer, Annika Weber	Client Involvement in Expert Advice: Antibiotics in Finance? SAFE Working Paper No. 219	Household Finance	SAFE Working Paper	2018	Financial Advice, Individual Investors, Client Involvement
Florian Deuflhard	Quantifying Inertia in Retail Deposit Markets SAFE Working Paper No. 223	Household Finance	SAFE Working Paper	2018
Andrej Gill, Florian Hett, Johannes Tischer	Measuring Time Inconsistency Using Financial Transaction Data White Paper No. 55	Household Finance, Experiment Center	Policy Paper	2018	financial transaction data, financial decision-making, time inconsistency, present bias
Loriana Pelizzon, Anjan Thakor, Calebe de Roure	P2P Lenders versus Banks: Cream Skimming or Bottom Fishing? The Review of Corporate Finance Studies	Household Finance	Published Paper	2022
Jaakko Aspara, Arvid Hoffmann, Joost Pennings, Simone Wies	Can Advertising Investments Counter the Negative Impact of Shareholder Complaints on Firm Value? Journal of Marketing	Household Finance	Published Paper	2019
Claes Bäckman, Tobin Hanspal	Participation and Losses in Multi-Level Marketing: Evidence from an FTC Settlement SAFE Working Paper No. 207	Household Finance	SAFE Working Paper	2018	Intermediated work; Multi-level marketing; Gig-economy; Entrepreneurship; Con- sumer financial protection
Horst Entorf, Jia Hou	Financial Education for the Disadvantaged? A Review SAFE Working Paper No. 205	Household Finance	SAFE Working Paper	2018	Education, Financial Literacy, Inequality, Program Evaluation
Florian Hett, Felix Schmidt	Pushing Through or Slacking Off? Heterogeneity in the Reaction to Rank Feedback SAFE Working Paper No. 203	Household Finance, Experiment Center	SAFE Working Paper	2018	heterogeneity, competitiveness; contest; rank feedback, relative performance evaluation
Steffen Andersen, Tobin Hanspal, Kasper Meisner Nielsen	Once Bitten, Twice Shy: The Power of Personal Experiences in Risk Taking Journal of Financial Economics	Household Finance	Published Paper	2019	Experiences, Risk taking, Financial crisis, Household finance
Loriana Pelizzon, Anjan Thakor, Calebe de Roure	P2P Lending versus Banks: Cream Skimming or Bottom Fishing? SAFE Working Paper No. 206	Household Finance, Systemic Risk Lab	SAFE Working Paper	2018
Nathanael Vellekoop, Mirko Wiederholt	Inflation Expectations and Choices of Households SAFE Working Paper No. 250	Household Finance	SAFE Working Paper	2019
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior SAFE Working Paper No. 190	Household Finance	SAFE Working Paper	2017	dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax
Maddalena Davoli, Jia Hou	Financial Literacy and Socialist Education: Lessons from the German Reunification SAFE Working Paper No. 217	Household Finance	SAFE Working Paper	2018	financial literacy determinants, socialist education, German reunification, DiD
Jens Gal, Helmut Gründl	The Recalibration of the European System of Financial Supervision in Regard of the Insurance Sector: From Dreary to Dreamy or Vice Versa? Policy Letter No. 60	Financial Intermediation, Household Finance	Policy Paper	2017	European Insurance Union, European Supervisory Authorities, EIOPA, European Insurance and Occupational Pensions Authority, Insurance Supervision
Holger Kraft, Claus Munk, Sebastian Wagner	Housing Habits and Their Implications for Life-Cycle Consumption and Investment Review of Finance	Household Finance	Published Paper	2018	Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital
Holger Kraft, Farina Weiss	Consumption-Portfolio Choice with Preferences for Cash SAFE Working Paper No. 181	Household Finance	SAFE Working Paper	2018	consumption-portfolio choice, money in the utility function, stock demand, stochastic control
Giuliano Curatola, Ilya Dergunov	International Capital Markets with Time-Varying Preferences SAFE Working Paper No. 176	Household Finance, Financial Markets	SAFE Working Paper	2017	Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice
Raimond Maurer, Olivia S. Mitchell	Incentivizing Older People to Delay Social Security Claiming Policy Letter No. 57	Household Finance	Policy Paper	2017	pensions, German retirement system, social security claiming
Andreas Hubener, Raimond Maurer, Olivia S. Mitchell	How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios Review of Financial Studies	Household Finance	Published Paper	2016
Raimond Maurer, Olivia S. Mitchell	Older People’s Willingness to Delay Social Security Claiming SAFE Working Paper No. 170	Household Finance	SAFE Working Paper	2016
Max Groneck, Alexander Ludwig, Alexander Zimper	Who Saves More, the Naive or the Sophisticated Agent? SAFE Working Paper No. 169	Household Finance, Macro Finance	SAFE Working Paper	2017	Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence SAFE Working Paper No. 164	Household Finance	SAFE Working Paper	2017	Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security
Tobin Hanspal	The Effect of Personal Financing Disruptions on Entrepreneurship SAFE Working Paper No. 161	Law and Finance, Household Finance	SAFE Working Paper	2016	Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults
Sophie Ahlswede, Steffen Meyer, Linda Urban	Does feedback on personal investment success help? SAFE Working Paper No. 157	Household Finance	SAFE Working Paper	2016	household finance, field study, individual investors, reporting, investment mistakes, regulation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum Journal of Risk and Insurance	Household Finance	Published Paper	2018	Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities SAFE Working Paper No. 150	Household Finance	SAFE Working Paper	2016	dynamic portfolio choice, longevity risk, variable annuity, retirement income
Petr Jakubik, Sven-Thorsten Jakusch	On the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data SAFE Working Paper No. 148	Household Finance	SAFE Working Paper	2016	Utility Functions, Model Selection, Parameter Elicitation
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer	Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach SAFE Working Paper No. 147	Household Finance	SAFE Working Paper	2016	Utility Theory, Maximum Likelihood, Individual Investors
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer	Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011) SAFE Working Paper No. 146	Household Finance	SAFE Working Paper	2016	Prospect Theory, Parameter Elicitation, Investors Heterogeneity
Michael Kosfeld, Ulrich Schüwer	Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education Review of Finance	Household Finance, Experiment Center	Published Paper	2017	consumer education,financial literacy, bounded rationality, competition, regulation
Alexander Ludwig	Das Deutsche Rentensystem: Thesen zur derzeitigen Diskussion um „Umkehr“-Reformen White Paper No. 40	Household Finance	Policy Paper	2016	German pension system, reform, retirement age
Nathanael Vellekoop	The Impact of Long-Run Macroeconomic Experiences on Personality SAFE Working Paper No. 142	Household Finance	SAFE Working Paper	2016	Personality traits, Big Five, Locus of control, labor market, unemployment
Holger Kraft, Claus Munk, Farina Weiss	Predictors and Portfolios Over the Life Cycle SAFE Working Paper No. 139	Household Finance	SAFE Working Paper	2016	Return predictability, human capital, housing, investments, welfare
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner	Consumption Habits and Humps Economic Theory	Household Finance	Published Paper	2017	Consumption hump, life-cycle utility maximization, habit formation, impatience
Bijan Kaffenberger, Mark Wahrenburg	Fragmentation in the European Retail Deposit Market and Implications for Loan Availability in European Member States White Paper No. 31	Household Finance	Policy Paper	2015	household finance, deposits, European market fragmentation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	The Potential Effect of Offering Lump Sums as Retirement Payments Policy Letter No. 50	Household Finance	Policy Paper	2015	Social Security solvency, Pension system
Andreas Fagereng, Charles Gottlieb, Luigi Guiso	Asset Market Participation and Portfolio Choice Over the Life-Cycle SAFE Working Paper No. 115	Household Finance	SAFE Working Paper	2015	-
Charles Gottlieb	On the Distributive Effects of Inflation SAFE Working Paper No. 116	Household Finance	SAFE Working Paper	2015	Anticipated Inflation, Monetary Policy, Incomplete markets, Heterogeneous agents, Endogenous Asset Market Participation
Ester Faia, Andreas Hackethal, Michael Haliassos, Katja Langenbucher	Financial Regulation: A Transatlantic Perspective Cambridge University Press	Household Finance, Macro Finance	Published Paper	2015	banking union, microprudential regulation, macroprudential regulation, investor protection, borrower protection
Holger Kraft, Claus Munk, Sebastian Wagner	Housing Habits and Their Implications for Life-Cycle Consumption and Investment SAFE Working Paper No. 85	Household Finance	SAFE Working Paper	2015	Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital
Kosmas Kaprinis, Katja Langenbucher	Private Enforcement of Investor Protection – Is Private Law up for the Challenge? A Glance at the United Kingdom 100 Jahre Rechtswissenschaft in Frankfurt (Vittorio Klostermann)	Household Finance	Published Paper	2014
Agar Brugiavini, Danilo Cavapozzi, Mario Padula, Yuri Pettinicchi	Financial Education, Literacy and Investment Attitudes SAFE Working Paper No. 86	Household Finance	SAFE Working Paper	2015	Financial education, Financial literacy, Planning, Investment attitudes
Silvia Bressan, Noemi Pace, Loriana Pelizzon	Health Status and Portfolio Choice: Is Their Relationship Economically Relevant? International Review of Financial Analysis	Household Finance, Systemic Risk Lab	Published Paper	2014	Household portfolios, Health status
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla	Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection Insurance: Mathematics and Economics	Household Finance	Published Paper	2015	dynamic portfolio choice; longevity risk; variable annuity; money-back guarantee; liquidity; retirement income
Michael Haliassos	Keeping Households out of Financial Trouble Financial Regulation: A Transatlantic Perspective (Cambridge University Press)	Household Finance	Published Paper	2015
Charles N. Noussair, Stefan T. Trautmann, Nathanael Vellekoop, Gijs van de Kuilen	Risk Aversion and Religion Journal of Risk and Uncertainty	Household Finance	Published Paper	2013
Andreas Hackethal	Financial Advice Financial Regulation: A Transatlantic Perspective (Cambridge University Press)	Household Finance	Published Paper	2015
Michael Haliassos	The Fiscal Crisis as a Crisis in Trust Policy Letter No. 25	Household Finance	Policy Paper	2014	fiscal crisis, household liquidity, economic reforms, Greece
Andreas Hubener, Raimond Maurer, Olivia S. Mitchell	Family Status, Social Security Claiming Options, and Life Cycle Portfolios Policy Letter No. 26	Household Finance	Policy Paper	2014	life-cycle models, household savings, investment decisions
Raimond Maurer	Den Ruhestand optimal finanzieren Press Article, 2014	Household Finance	Policy Paper	2014	Alterssicherung, USA, Deutschland
Andreas Hackethal, Thomas Schäfer	Anlegerschutz braucht mehr Eigenverantwortung Press Article, 2014	Household Finance	Policy Paper	2014	Anlegerschutz, Bankberatung, Finanzbildung
Sascha Baghestanian, Paul Gortner, Joël van der Weele	Peer Effects and Risk Sharing in Experimental Asset Markets SAFE Working Paper No. 67	Household Finance, Financial Markets, Experiment Center	SAFE Working Paper	2014	peer effects, laboratory experiments, risk taking, asset markets
Nina Biljanovska, Spyridon Palligkinis	Control Thyself: Self-Control Failure and Household Wealth SAFE Working Paper No. 69	Household Finance, Macro Finance	SAFE Working Paper	2014	Self-Control, Household Wealth, Household Finance
Alexander Ludwig, Matthias Schön	Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods SAFE Working Paper No. 72	Household Finance, Macro Finance	SAFE Working Paper	2014	Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation
Max Groneck, Alexander Ludwig, Alexander Zimper	A Life-Cycle Model with Ambiguous Survival Beliefs SAFE Working Paper No. 73	Household Finance, Macro Finance	SAFE Working Paper	2014	Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum SAFE Working Paper No. 84	Household Finance	SAFE Working Paper	2015	Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension
Raimond Maurer	Stellungnahme zum Gesetzesentwurf der Bundesregierung zur Umsetzung der OGAW-Richtlinie der EU-Kommission Policy Letter No. 2, 2011	Household Finance	Policy Paper	2011	Investmentfonds, Wertpapiere, Anlegerschutz
Andreas Hackethal	Wie lässt sich der Kundennutzen der Anlageberatung steigern? Policy Letter No. 07, 2012	Household Finance	Policy Paper	2012	Anlageentscheidung, Wertpapierberatung, Risikomaße, Rendite
Laurent Calvet, Paolo Sodini	Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios SAFE Working Paper No. 13	Household Finance	SAFE Working Paper	2013	Asset allocation, communication, genetics, habit formation, human capital, labor income, leverage, participation, risk-taking, social interactions, twin study
Markku Kaustia, Elias Rantapuska	Does Mood Affect Trading Behavior? SAFE Working Paper No. 4	Household Finance	SAFE Working Paper	2013	mood, seasonal affective disorder (SAD), weather, trading behavior, stock market
Markku Kaustia, Antti Lehtoranta, Vesa Puttonen	Does Sophistication Affect Long-Term Return Expectations? Evidence from Financial Advisers' Exam Scores SAFE Working Paper No. 3	Household Finance	SAFE Working Paper	2013	stock return expectations, sophistication, financial literacy, adviser
Markku Kaustia, Samuli Knüpfer, Sami Torstila	Stock Ownership and Political Behavior: Evidence from Demutualization SAFE Working Paper No. 2	Household Finance	SAFE Working Paper	2013	Stock ownership, political behavior, salience, attention, identity
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner	Consumption Habits and Humps SAFE Working Paper No. 15	Household Finance	SAFE Working Paper	2013	Consumption hump, life-cycle utility maximization, habit formation, impatience
Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen	Life Insurance Demand under Health Shock Risk SAFE Working Paper No. 40	Household Finance	SAFE Working Paper	2014	Health shocks, Portfolio choice, Term life insurance, Mortality risk, Labor income risk
Lorenz Schendel	Consumption-Investment Problems with Stochastic Mortality Risk SAFE Working Paper No. 43	Household Finance	SAFE Working Paper	2014	Stochastic mortality risk, Health jumps, Labor income risk, Portfolio choice, Insurance
Lorenz Schendel	Critical Illness Insurance in Life Cycle Portfolio Problems SAFE Working Paper No. 44	Household Finance	SAFE Working Paper	2014	Health shocks, Health expenses, Labor income risk, Stochastic mortality risk, Portfolio choice
Michael Kosfeld, Ulrich Schüwer	Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education SAFE Working Paper No. 47	Household Finance, Experiment Center	SAFE Working Paper	2014	consumer education,financial literacy, bounded rationality, competition, regulation
Holger Kraft, Claus Munk, Frank Thomas Seifried, Mogens Steffensen	Consumption and Wage Humps in a Life-Cycle Model with Education SAFE Working Paper No. 53	Household Finance	SAFE Working Paper	2014	Education, leisure, consumption hump, wage hump
Daniel Harenberg, Alexander Ludwig	Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security SAFE Working Paper No. 59	Household Finance, Macro Finance	SAFE Working Paper	2014	social security, idiosyncratic risk, aggregate risk, welfare
Nicola Fuchs-Schündeln, Michael Haliassos	Does Product Familiarity Matter for Participation? SAFE Working Paper No. 63	Household Finance	SAFE Working Paper	2014	household finance, familiarity, financial literacy, stockholding, household debt, social interactions, consumer credit, counterfactual analysis, German reunification
Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini	Household Debt and Social Interactions SAFE Working Paper No. 1	Household Finance	SAFE Working Paper	2013	household finance, household debt, social interactions, mortgages, consumer credit, informal loans
Katja Langenbucher	Household Finance and the Law – A Case Study on Economic Transplants Financial Regulation: A Transatlantic Perspective (Cambridge University Press)	Household Finance	Published Paper	2015
Michael Haliassos, Thomas Jansson, Yigitcan Karabulut	Incompatible European Partners? Cultural Predispositions and Household Financial Behavior SAFE Working Paper No. 58	Household Finance	SAFE Working Paper	2014	Household Portfolios, Household Finance, Cultural Influences on Economic Behavior
Daniel Harenberg, Alexander Ludwig	Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk SAFE Working Paper No. 71	Household Finance, Macro Finance	SAFE Working Paper	2014	social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out
Axel Börsch-Supan, Alexander Ludwig, Edgar Vogel	Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation SAFE Working Paper No. 82	Household Finance, Macro Finance	SAFE Working Paper	2015	population aging, human capital, welfare, pension reform, retirement age, open economy
Max Groneck, Alexander Ludwig, Alexander Zimper	A Life-Cycle Model with Ambiguous Survival Beliefs Journal of Economic Theory	Household Finance, Macro Finance	Published Paper	2016	Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles
Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini	Household Debt and Social Interactions Review of Financial Studies	Household Finance	Published Paper	2014	household finance, household debt, social interactions, mortgages, consumer credit, informal loans
Axel Börsch-Supan, Alexander Ludwig, Edgar Vogel	Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation Journal of Pension Economics & Finance	Household Finance, Macro Finance	Published Paper	2017	population aging, human capital, welfare, pension reform, retirement age, open economy
Daniel Harenberg, Alexander Ludwig	Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk International Tax and Public Finance	Household Finance, Macro Finance	Published Paper	2015	social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out
Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen	Life Insurance Demand under Health Shock Risk Journal of Risk and Insurance	Household Finance	Published Paper	2017	Health shocks, Portfolio choice, Term life insurance, Mortality risk, Labor income risk
	Financial Advice E. Faia, A. Hackethal, M. Haliassos, K. Langenbucher (Eds.), Financial Regulation: A Transatlantic Perspective (Cambridge University Press), pp. 245-270	Household Finance	Published Paper	2015

Research Projects

Category	Project	Researcher	Project Duration	Keywords	Project ID	Publication Count
Household Finance, Experiment Center	Leading by Example – The Causal Effect of Credible Action by Local Government on Citizens’ Motivation and Beliefs about Others to Flight Climate Change	Jakob Famulok, Michael Kosfeld, Christine Laudenbach	2022		232411	1
Household Finance, Experiment Center	Discrimination - Bank of Workers	Markus Eyting, Florian Hett	2022		232410	1
Household Finance, Experiment Center	Identity as an Excuse: Opportunistic Identity Management in Labor Markets	Kevin Bauer, Evgeniya Chabanova, Florian Hett	2022		232409	1
Household Finance	Personalized Communication and Repayment	Christine Laudenbach, Lena Liebich	2022		148105	1
Household Finance	Transition Labels in Climate Finance: Perception and Use by Private Investors	Christine Laudenbach	2022		148104	1
Household Finance	The Gender Wealth Gap: Participation in Financial Markets	Kamila Duraj, Christine Laudenbach	2022		148103	1
Household Finance, Experiment Center	Heterogeneity in Investor Preferences for Sustainable/Green Finance	Michael Kosfeld, Christine Laudenbach	2022		143106	1
Household Finance, Experiment Center	The Effect of Echo Chambers on Biased Beliefs	Andreas Grunewald, Victor Klockmann, Alicia von Schenk, Ferdinand von Siemens	2021	Communication, Echo Chambers, Biased Beliefs	232408	1
Household Finance, Experiment Center	Experimental Evidence on Socially Responsible Investments – The Role of Preferences and Information	Fabian Braun, Andrej Gill, Florian Hett	2021	ESG; SRI; endogenous information acquisition; incentives; social preferences	232407	1
Household Finance, Experiment Center	Statistical Discrimination Revisited – The Role of Motivated Reasoning	Markus Eyting	2021	discrimination, motivated reasoning, beliefs, information	232406	1
Household Finance	The Disposition Effect in Boom and Bust Markets	Sabine Bernard, Benjamin Loos, Martin Weber	2021			1
Household Finance	Financial Crisis, Creditor-Debtor Conflict, and Populism	Gyozo Gyöngyösi	2021	populism, far-right parties, political extremism, financial crisis, household debt, foreign currency debt		1
Household Finance, Experiment Center	Social Identity Bias in Information Processing and Information Demand	Kevin Bauer, Yan Chen, Florian Hett, Michael Kosfeld	2020		232405	1
Household Finance, Experiment Center	Experiential Learning Through FinTech Applications	Andrej Gill, Florian Hett	2020	experiential learning, goal setting, personal finance management, financial literacy, overconfidence	232404	1
Household Finance	Household Cash Management	Fabian Braun, Andrej Gill, Andreas Hackethal, Florian Hett, Michael Kosfeld, Christine Laudenbach	2020	Short-term and long-term consumption response to systematic income shocks, liquid hand-to-mouth, behavioral measurement, time preferences, bounded rationality, robust heterogeneity, structural behavioral, experiential learning, goal setting, financial li	143104	1
Household Finance, Experiment Center	Collective Action and Institution Formation - The Role of Group Size	Julian Detemple, Michael Kosfeld	2020		232403	1
Household Finance	Saving in Dynamic Life-Cycles Models	Raimond Maurer, Olivia S. Mitchell, Sehrish Usman	2020	Household Finance, Individual retirement accounts, private and public pensions, Life-Cycle Portfolio Choice, Taxation, Financial regulation, Welfare analysis, Longevity Risk, Pan European Pension Product	143101	1
Household Finance	On the (Ir)Relevance of Monetary Incentivization in Risk Preference Elicitation Experiments	Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika Weber	2020	behavioral measurement, risk preferences, incentives in risk experiments	143103	1
Household Finance, Experiment Center	Moral (Mis)Behavior in the Era of Big Data	Victor Klockmann, Marie-Claire Villeval, Alicia von Schenk	2020		232402	1
Household Finance, Experiment Center	Moral Decisions and the Externality of AI Usage	Victor Klockmann, Marie-Claire Villeval, Alicia von Schenk	2020		232401	1
Household Finance	Same Bank, Same Clients but Different Pricing: How do Flat-Fees for Mutual Funds Affect Retail Investor Portfolios?	Andreas Hackethal, Benjamin Loos, Steffen Meyer, Charline Uhr	2020		148101	1
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	1
Household Finance	Finanzforum - Panel Rounds 2,3 and 4 and Corresponding Projects	Konstantin Bräuer, Andreas Hackethal, Michael 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, Experiment Center	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	1
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	1
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	1
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	1
Household Finance	The Anatomy of Consumption in a Household Foreign Currency Debt Crisis	Gyozo Gyöngyösi, Judit Rariga, Emil Verner	2019			1
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	1
Household Finance	Investor Characteristics and Long-Term Financial Decision Making	Konstantin Bräuer, 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, Experiment Center	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	1
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	1
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	1
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	1
Household Finance	Inflation Expectations and Household Consumption Behavior	Satyajit Dutt, Nathanael Vellekoop, Mirko Wiederholt	2017	Inflation expectations; household savings; panel data; monetary economics	143102	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, Daniel Liebler, 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, Experiment Center	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, Nicola Mano, Loriana Pelizzon, Paolo Tasca, Anjan Thakor, Calebe de Roure	2017	P2P lending, financial intermediation, consumer credit	21322	1
Household Finance, Experiment Center	Financial Networks in the Field	Paul Gortner, Joël van der Weele	2016		21650	1
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	1
Household Finance, Financial Markets	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
Household Finance, Macro Finance	Tax Treatment and Inequality in Labor Market Behavior	Nicola Fuchs-Schündeln, Hannah Paule-Paludkiewicz, Paul Reimers	2016		21670	1
Financial Intermediation, Household Finance	Demographic Changes, Optimal Design of Life Insurance Contracts and Household Welfare	Helmut Gründl, Martin Götz, Holger Kraft, Raimond Maurer	2016		21660	1
Household Finance, Financial Markets	Time-Varying Preferences and International Capital Markets	Giuliano Curatola, Ilya Dergunov	2016	Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice	21650	1
Household Finance, Macro Finance	Financial Frictions and Inequality	Martin Götz, Alexander Ludwig, Alexander Monge-Naranjo, Christian Schlag, Ctirad Slavik, Faisal Sohail	2016		21670	1
Financial Intermediation, Household Finance	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
Household Finance, Macro 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, Peter Schwamborn	2016		21392	1
Household Finance	The Influence of Health Risks on the Optimal Portfolio Selection of Private Investors in the Life Cycle	Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla	2015	health risk, optimal consumption decision, optimal portfolio decision, longevity risk	21391	1
Household Finance	The Impact of Monetary Conditions on Bank Lending Households	Gyozo Gyöngyösi, Steven Ongena, Ibolya Schindele	2015			1
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, Orcun Kaya	2013		11390	1

More ProjectsLess Projects

Current Research Team

Researcher	Position
Bernard, Sabine	Advanced Researcher
Braun, Fabian	Junior Researcher
Duraj, Kamila	Junior Researcher
Gill, Andrej	SAFE Fellow
Gyöngyösi, Gyozo	Advanced Researcher
Hackethal, Andreas	Senior Researcher
Hett, Florian	SAFE Fellow
Inderst, Roman	SAFE Fellow
Klockmann, Victor	External Researcher
Laudenbach, Christine	Senior Researcher
Liebich, Lena	Junior Researcher
Maurer, Raimond	External Researcher, SAFE Fellow
Meyer, Steffen	SAFE Fellow
Mitchell, Olivia S.	SAFE Fellow
Radermacher, Jan Wedigo	Junior Researcher
Smetak, Fabian	Junior Researcher
Usman, Sehrish	Junior Researcher
von Schenk, Alicia	External Researcher
Wies, Simone	External Researcher, SAFE Fellow

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