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/sTitleProgram AreaTypePublishedKeywords
Fabian Nemeczek, Jan Wedigo RadermacherPersonality-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 Paper2022Marginal Propensity to Consume, Big Five Personality, Survey Data, Transaction Data
Heiko Jacobs, Christine Laudenbach, Sebastian Müller, Philipp Schreiber, Martin WeberDie genial einfache Vermögensstrategie - so gelingt die finanzielle Unabhängigkeit
Campus Verlag
Household Finance Published Paper2020Vermögen, Kapitalanlage, Financial Investment
Emily C. Haisley, Christine Laudenbach, Martin WeberThe Role of Experience Sampling and Graphical Displays on One's Investment Risk Appetite
Management Science
Household Finance Published Paper2013risk taking, asset allocation, risk perception
Christine Laudenbach, Martin WeberSometimes Less is More - the Influence of Information Aggregation on Investment Decisions
Journal of Economic Behavior & Organization
Household Finance Published Paper2013risk-return, information aggregation, investment decisions
Christian Ehm, Christine Laudenbach, Martin WeberVolatility Inadaptability: Investors Care About Risk, but Cannot Cope with Volatility
Review of Finance
Household Finance Published Paper2014volatility, risk attitude, experimental finance, behavioral asset pricing
Christine Laudenbach, Ulrike M. Malmendier, Alexandra Niessen-RuenziEmotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism
AEA Papers and Proceedings
Household Finance Published Paper2019Household Finance, Emotional Tagging, Communism
Andrej Gill, Florian Hett, Johannes TischerTime Inconsistency and Overdraft Use: Evidence from Transaction Data and Behavioral Measurement Experiments
SAFE Working Paper No. 347
Household Finance, Experiment Center SAFE Working Paper2022Household Finance, Paycheck Sensitivity, Fintech, Time Inconsistency, Time Preferences, Experiment, Behavioral Measurement
Roman Inderst, Marcus OppSocially Optimal Sustainability Standards with Non-Consequentialist ("Warm Glow") Investors
SAFE Working Paper No. 346
Financial Intermediation, Law and Finance, Household Finance SAFE Working Paper2022Sustainability; ESG; green financing; labelling;
Florian Heider, Roman InderstA Corporate Finance Perspective on Environmental Policy
SAFE Working Paper No. 345
Financial Intermediation, Law and Finance, Household Finance SAFE Working Paper2022
Steffen Eibelshäuser, Fabian SmetakFrequent Batch Auctions and Informed Trading
SAFE Working Paper No. 344
Household Finance, Financial Markets SAFE Working Paper2022
Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes WohlfartThe Trading Response of Individual Investors to Local Bankruptcies
Journal of Financial Economics
Household Finance Published Paper2021Individual investors, risk-taking, trading, experiences
Victor Klockmann, Marie Claire Villeval, Alicia von SchenkArtificial Intelligence, Ethics, and Intergenerational Responsibility
SAFE Working Paper No. 335
Household Finance, Experiment Center SAFE Working Paper2022
Raimond MaurerChancen und Risiken der kapitalgedeckten Alterssicherung
Vermögensbildungspolitik (Springer)
Household Finance Published Paper2021
Victor Klockmann, Marie Claire Villeval, Alicia von SchenkArtificial Intelligence, Ethics, and Diffused Pivotality
SAFE Working Paper No. 336
Household Finance, Experiment Center SAFE Working Paper2022Artificial Intelligence, Big Data, Pivotality, Ethics, Experiment
Gyozo Gyöngyösi, Judit Rariga, Emil VernerThe Anatomy of Consumption in a Household Foreign Currency Debt Crisis
SAFE Working Paper No. 332
Household Finance SAFE Working Paper2021
Nina Biljanovska, Spyridon PalligkinisControl Thyself: Self-Control Failure and Household Wealth
Journal of Banking & Finance
Household Finance, Macro Finance Published Paper2018Self-Control, Household Wealth, Household Finance
Alexander Ludwig, Matthias SchönEndogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods
Computational Economics (Springer)
Household Finance, Macro Finance Published Paper2018Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana SchimetschekOptimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence
Journal of Risk and Insurance
Household Finance Published Paper2021Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security
Vanya Horneff, Raimond Maurer, Olivia S. MitchellHow 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 Paper2018dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax
Andreas Hackethal, Steffen Meyer, Charline UhrSmoking Hot Portfolios? Overtrading from Self-Control Failure
Journal of Empirical Finance
Household Finance Published Paper2021self-control; portfolio allocation; individual investor; trading behavior
Dimitrios Kostopoulos, Steffen Meyer, Charline UhrAmbiguity About Volatility and Investor Behavior
forthcoming in Journal of Financial Economics
Household Finance Published Paper2022
Gyozo Gyöngyösi, Emil VernerHousehold Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis
American Economic Review
Household Finance Published Paper2020
Gyozo Gyöngyösi, Emil VernerFinancial Crisis, Creditor-Debtor Conflict, and Populism
forthcoming in Journal of Finance
Household Finance Published Paper2022
Andreas Hackethal, Tobin Hanspal, Dominique Lammer, Kevin RinkThe Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments
forthcoming in Review of Finance
Household Finance Published Paper2022Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior
Barbara Kaschützke, Raimond MaurerStaatliche Sicherung und Eigenvorsorge in der Sozialen Marktwirtschaft der Bundesrepublik Deutschland
Policy Letter No. 90
Household Finance Policy Paper2021Soziale Marktwirtschaft, staatliche Sozialversicherung, private Vermögensbildung, demographischer Wandel
Konstantin Bräuer, Andreas Hackethal, Tobin HanspalConsuming Dividends
forthcoming in Review of Financial Studies
Household Finance Published Paper2022Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Koenen, Christine LaudenbachGender Differences in Financial Advice
SAFE Working Paper No. 309
Household Finance SAFE Working Paper2021credence goods, financial aptitude, consumer protection, financial literacy, discrimination
Thomas PaulsThe Impact of Temporal Framing on the Marginal Propensity to Consume
SAFE Working Paper No. 308
Household Finance SAFE Working Paper2021
Sabine Bernard, Benjamin Loos, Martin WeberThe Disposition Effect in Boom and Bust Markets
SAFE Working Paper No. 305
Household Finance SAFE Working Paper2021Disposition Effect, Financial Market Cycles, Household Finance, Retail Investor
Andreas Hackethal, Ankit Kalda, Benjamin Loos, Alessandro PreviteroSmart (Phone) Investing? A Within Investor-Time Analysis of New Technologies and Trading Behavior
SAFE Working Paper No. 303
Household Finance SAFE Working Paper2021fintech, investor behavior, financial risk-taking, lottery-type assets, investment biases, trend chasing, spillover effects
Di Bu, Tobin Hanspal, Yin Liao, Yong LiuRisk Taking, Preferences, and Beliefs: Evidence from Wuhan
SAFE Working Paper No. 301
Household Finance SAFE Working Paper2021
Di Bu, Tobin Hanspal, Yin Liao, Yong LiuCultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing
forthcoming in Journal of Financial and Quantitative Analysis
Household Finance Published Paper2022Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China
Andreas Hackethal, Annika WeberFiscal Policies and Household Consumption during the COVID-19 Pandemic: A Review of Early Evidence
White Paper No. 76
Household Finance Policy Paper2020Household Consumption, Fiscal Policies, Covid-19, Fiscal Stimulus Program
Dimitrios Kostopoulos, Steffen Meyer, Charline UhrAmbiguity and Investor Behavior
SAFE Working Paper No. 297
Household Finance SAFE Working Paper2020ambiguity, uncertainty, individual investor, trading behavior
Andreas Hackethal, Raimond MaurerBeitragsgarantien in der kapitalgedeckten Altersversorgung: Ein Reformvorschlag in Zeiten des Niedrigzinsniveaus
White Paper No. 75
Household Finance Policy Paper2020Private Altersvorsorge, Beitragsgarantien, Riester-Rente, Niedrigzinsen
Christoph Hambel, Holger Kraft, André Meyer-WehmannWhen Should Retirees Tap Their Home Equity?
SAFE Working Paper No. 293
Household Finance SAFE Working Paper2020reverse mortgage, consumption-portfolio decisions, optimal stopping, biometric risks, financial disasters
Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika WeberOn the (Ir)Relevance of Monetary Incentives in Risk Preference Elicitation Experiments
SAFE Working Paper No. 286
Household Finance SAFE Working Paper2020Risk Preferences, Incentives, Experimental Economics, Risk Aversion
Calogero Brancatelli, Andreas Hackethal, Roman Inderst, Sebastian SchulerErkenntnisse aus sechs Wellen des Haushaltsbarometers: Sind "Konsumschecks" das richtige Mittel in der Corona-Krise?
Policy Letter No. 87
Household Finance Policy Paper2020Helicoptergeld, Haushaltskrisenbarometer, Mehrwertsteuersenkung, Kinderbonus
Tobin Hanspal, Annika Weber, Johannes WohlfartExposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations
SAFE Working Paper No. 279
Household Finance SAFE Working Paper2020Coronavirus, Stockholding, Wealth shocks, Expectation formation, Inequality.
Andreas Hackethal, Tobin Hanspal, Dominique Lammer, Kevin RinkThe Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments
SAFE Working Paper No. 277
Household Finance SAFE Working Paper2020Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior
Dimitrios Kostopoulos, Steffen Meyer, Charline UhrGoogle Search Volume and Individual Investor Trading
Journal of Financial Markets
Household Finance Published Paper2020Individual investorTrading behaviorInvestor sentiment
Vanya Horneff, Raimond Maurer, Olivia S. MitchellPutting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities
Journal of Banking and Finance
Household Finance Published Paper2020Life cycle savingHousehold financeAnnuityLongevity risk401(k) planRetirement
Di Bu, Tobin Hanspal, Yin Liao, Yong LiuCultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing
SAFE Working Paper No. 273
Household Finance SAFE Working Paper2020Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China
Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes WohlfartThe Trading Response of Individual Investors to Local Bankruptcies
SAFE Working Paper No. 272
Household Finance SAFE Working Paper2020Individual investors, risk-taking, trading, experiences
Wataru Kureishi, Hannah Paule-Paludkiewicz, Hitoshi Tsujiyama, Midori WakabayashiTime Preferences over the Life Cycle
SAFE Working Paper No. 267
Household Finance SAFE Working Paper2020Time Preferences; Preference Stability; Age; Discount Rates
Raimond Maurer, Olivia S. MitchellOlder Peoples' Willingness to Delay Social Security Claiming
Journal of Pension Economics and Finance
Household Finance Published Paper2020Annuity; labor supply; lump sum; retirement age; social security
Vanya Horneff, Raimond Maurer, Olivia S. MitchellHow will Persistent Low Expected Returns Shape Household Economic Behavior?
Journal of Pension Economics & Finance
Household Finance Published Paper2019
Konstantin Bräuer, Andreas Hackethal, Tobin HanspalConsuming Dividends
SAFE Working Paper No. 280
Household Finance SAFE Working Paper2020Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor
Sascha Baghestanian, Paul Gortner, Joël van der WeelePeer Effects and Risk Sharing in Experimental Asset Markets
European Economic Review
Household Finance, Financial Markets, Experiment Center Published Paper2019peer effects, laboratory experiments, risk taking, asset markets
Yuri Pettinicchi, Nathanael VellekoopJob Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data
SAFE Working Paper No. 249
Household Finance SAFE Working Paper2019Subjective expectations; Durable consumption; Household saving
Andreas Hackethal, Steffen Meyer, Charline UhrSmoking Hot Portfolios? Overtrading from Self-Control Failure
SAFE Working Paper No. 245
Household Finance SAFE Working Paper2019self-control; portfolio allocation; individual investor; trading behavior
Holger Kraft, Claus Munk, Farina WeissPredictors and Portfolios Over the Life Cycle
Journal of Banking and Finance
Household Finance Published Paper2019Return predictability, human capital, housing, investments, welfare
Nathanael VellekoopExplaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments?
SAFE Working Paper No. 237
Household Finance SAFE Working Paper2018consumption, consumption commitments, paycheck frequency, liquidity
Irina Gemmo, Helmut Gründl, Martin GötzLife Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data
SAFE Working Paper No. 240
Household Finance SAFE Working Paper2019
Daniel Harenberg, Alexander LudwigIdiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security
International Economic Review
Household Finance, Macro Finance Published Paper2019social security, idiosyncratic risk, aggregate risk, welfare
Vanya Horneff, Daniel Liebler, Raimond Maurer, Olivia S. MitchellMoney-Back Guarantees in Individual Retirement Accounts: Still a Good Deal?
SAFE Working Paper No. 263
Household Finance SAFE Working Paper2019individual retirement account, investment guarantee, longevity risk, retirement income, life cycle model
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine LaudenbachWie viel Rente wirst du bekommen? – Pilotstudie zur Einführung einer Renteninformationsplattform in Deutschland
Household Finance Policy Paper2018
Holger Kraft, Farina WeissConsumption-Portfolio Choice with Preferences for Cash
Journal of Economic Dynamics and Control
Household Finance Published Paper2019consumption-portfolio choice, money in the utility function, stock demand, stochastic control
Andreas Hackethal, Christine Laudenbach, Steffen Meyer, Annika WeberClient Involvement in Expert Advice: Antibiotics in Finance?
SAFE Working Paper No. 219
Household Finance SAFE Working Paper2018Financial Advice, Individual Investors, Client Involvement
Florian DeuflhardQuantifying Inertia in Retail Deposit Markets
SAFE Working Paper No. 223
Household Finance SAFE Working Paper2018
Andrej Gill, Florian Hett, Johannes TischerMeasuring Time Inconsistency Using Financial Transaction Data
White Paper No. 55
Household Finance, Experiment Center Policy Paper2018financial transaction data, financial decision-making, time inconsistency, present bias
Loriana Pelizzon, Anjan Thakor, Calebe de RoureP2P Lenders versus Banks: Cream Skimming or Bottom Fishing?
The Review of Corporate Finance Studies
Household Finance Published Paper2022
Jaakko Aspara, Arvid Hoffmann, Joost Pennings, Simone WiesCan Advertising Investments Counter the Negative Impact of Shareholder Complaints on Firm Value?
Journal of Marketing
Household Finance Published Paper2019
Claes Bäckman, Tobin HanspalParticipation and Losses in Multi-Level Marketing: Evidence from an FTC Settlement
SAFE Working Paper No. 207
Household Finance SAFE Working Paper2018Intermediated work; Multi-level marketing; Gig-economy; Entrepreneurship; Con- sumer financial protection
Horst Entorf, Jia HouFinancial Education for the Disadvantaged? A Review
SAFE Working Paper No. 205
Household Finance SAFE Working Paper2018Education, Financial Literacy, Inequality, Program Evaluation
Florian Hett, Felix SchmidtPushing Through or Slacking Off? Heterogeneity in the Reaction to Rank Feedback
SAFE Working Paper No. 203
Household Finance, Experiment Center SAFE Working Paper2018heterogeneity, competitiveness; contest; rank feedback, relative performance evaluation
Steffen Andersen, Tobin Hanspal, Kasper Meisner NielsenOnce Bitten, Twice Shy: The Power of Personal Experiences in Risk Taking
Journal of Financial Economics
Household Finance Published Paper2019Experiences, Risk taking, Financial crisis, Household finance
Loriana Pelizzon, Anjan Thakor, Calebe de RoureP2P Lending versus Banks: Cream Skimming or Bottom Fishing?
SAFE Working Paper No. 206
Household Finance, Systemic Risk Lab SAFE Working Paper2018
Nathanael Vellekoop, Mirko WiederholtInflation Expectations and Choices of Households
SAFE Working Paper No. 250
Household Finance SAFE Working Paper2019
Vanya Horneff, Raimond Maurer, Olivia S. MitchellHow Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior
SAFE Working Paper No. 190
Household Finance SAFE Working Paper2017dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax
Maddalena Davoli, Jia HouFinancial Literacy and Socialist Education: Lessons from the German Reunification
SAFE Working Paper No. 217
Household Finance SAFE Working Paper2018 financial literacy determinants, socialist education, German reunification, DiD
Jens Gal, Helmut GründlThe 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 Paper2017European Insurance Union, European Supervisory Authorities, EIOPA, European Insurance and Occupational Pensions Authority, Insurance Supervision
Holger Kraft, Claus Munk, Sebastian WagnerHousing Habits and Their Implications for Life-Cycle Consumption and Investment
Review of Finance
Household Finance Published Paper2018Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital
Holger Kraft, Farina WeissConsumption-Portfolio Choice with Preferences for Cash
SAFE Working Paper No. 181
Household Finance SAFE Working Paper2018consumption-portfolio choice, money in the utility function, stock demand, stochastic control
Giuliano Curatola, Ilya DergunovInternational Capital Markets with Time-Varying Preferences
SAFE Working Paper No. 176
Household Finance, Financial Markets SAFE Working Paper2017Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice
Raimond Maurer, Olivia S. MitchellIncentivizing Older People to Delay Social Security Claiming
Policy Letter No. 57
Household Finance Policy Paper2017pensions, German retirement system, social security claiming
Andreas Hubener, Raimond Maurer, Olivia S. MitchellHow Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios
Review of Financial Studies
Household Finance Published Paper2016
Raimond Maurer, Olivia S. MitchellOlder People’s Willingness to Delay Social Security Claiming
SAFE Working Paper No. 170
Household Finance SAFE Working Paper2016
Max Groneck, Alexander Ludwig, Alexander ZimperWho Saves More, the Naive or the Sophisticated Agent?
SAFE Working Paper No. 169
Household Finance, Macro Finance SAFE Working Paper2017Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana SchimetschekOptimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence
SAFE Working Paper No. 164
Household Finance SAFE Working Paper2017Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security
Tobin HanspalThe Effect of Personal Financing Disruptions on Entrepreneurship
SAFE Working Paper No. 161
Law and Finance, Household Finance SAFE Working Paper2016Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults
Sophie Ahlswede, Steffen Meyer, Linda UrbanDoes feedback on personal investment success help?
SAFE Working Paper No. 157
Household Finance SAFE Working Paper2016household finance, field study, individual investors, reporting, investment mistakes, regulation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana SchimetschekWill 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 Paper2018Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension
Vanya Horneff, Raimond Maurer, Olivia S. MitchellPutting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities
SAFE Working Paper No. 150
Household Finance SAFE Working Paper2016dynamic portfolio choice, longevity risk, variable annuity, retirement income
Petr Jakubik, Sven-Thorsten JakuschOn the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data
SAFE Working Paper No. 148
Household Finance SAFE Working Paper2016Utility Functions, Model Selection, Parameter Elicitation
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen MeyerTaring 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 Paper2016Utility Theory, Maximum Likelihood, Individual Investors
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen MeyerTaming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011)
SAFE Working Paper No. 146
Household Finance SAFE Working Paper2016Prospect Theory, Parameter Elicitation, Investors Heterogeneity
Michael Kosfeld, Ulrich SchüwerAdd-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education
Review of Finance
Household Finance, Experiment Center Published Paper2017consumer education,financial literacy, bounded rationality, competition, regulation
Alexander LudwigDas Deutsche Rentensystem: Thesen zur derzeitigen Diskussion um „Umkehr“-Reformen
White Paper No. 40
Household Finance Policy Paper2016German pension system, reform, retirement age
Nathanael VellekoopThe Impact of Long-Run Macroeconomic Experiences on Personality
SAFE Working Paper No. 142
Household Finance SAFE Working Paper2016Personality traits, Big Five, Locus of control, labor market, unemployment
Holger Kraft, Claus Munk, Farina WeissPredictors and Portfolios Over the Life Cycle
SAFE Working Paper No. 139
Household Finance SAFE Working Paper2016Return predictability, human capital, housing, investments, welfare
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian WagnerConsumption Habits and Humps
Economic Theory
Household Finance Published Paper2017Consumption hump, life-cycle utility maximization, habit formation, impatience
Bijan Kaffenberger, Mark WahrenburgFragmentation in the European Retail Deposit Market and Implications for Loan Availability in European Member States
White Paper No. 31
Household Finance Policy Paper2015household finance, deposits, European market fragmentation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana SchimetschekThe Potential Effect of Offering Lump Sums as Retirement Payments
Policy Letter No. 50
Household Finance Policy Paper2015Social Security solvency, Pension system
Andreas Fagereng, Charles Gottlieb, Luigi GuisoAsset Market Participation and Portfolio Choice Over the Life-Cycle
SAFE Working Paper No. 115
Household Finance SAFE Working Paper2015-
Charles GottliebOn the Distributive Effects of Inflation
SAFE Working Paper No. 116
Household Finance SAFE Working Paper2015Anticipated Inflation, Monetary Policy, Incomplete markets, Heterogeneous agents, Endogenous Asset Market Participation
Ester Faia, Andreas Hackethal, Michael Haliassos, Katja LangenbucherFinancial Regulation: A Transatlantic Perspective
Cambridge University Press
Household Finance, Macro Finance Published Paper2015banking union, microprudential regulation, macroprudential regulation, investor protection, borrower protection
Holger Kraft, Claus Munk, Sebastian WagnerHousing Habits and Their Implications for Life-Cycle Consumption and Investment
SAFE Working Paper No. 85
Household Finance SAFE Working Paper2015Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital
Kosmas Kaprinis, Katja LangenbucherPrivate 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 Paper2014
Agar Brugiavini, Danilo Cavapozzi, Mario Padula, Yuri PettinicchiFinancial Education, Literacy and Investment Attitudes
SAFE Working Paper No. 86
Household Finance SAFE Working Paper2015Financial education, Financial literacy, Planning, Investment attitudes
Silvia Bressan, Noemi Pace, Loriana PelizzonHealth Status and Portfolio Choice: Is Their Relationship Economically Relevant?
International Review of Financial Analysis
Household Finance, Systemic Risk Lab Published Paper2014Household portfolios, Health status
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph RogallaOptimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection
Insurance: Mathematics and Economics
Household Finance Published Paper2015dynamic portfolio choice; longevity risk; variable annuity; money-back guarantee; liquidity; retirement income
Michael HaliassosKeeping Households out of Financial Trouble
Financial Regulation: A Transatlantic Perspective (Cambridge University Press)
Household Finance Published Paper2015
Charles N. Noussair, Stefan T. Trautmann, Nathanael Vellekoop, Gijs van de KuilenRisk Aversion and Religion
Journal of Risk and Uncertainty
Household Finance Published Paper2013
Andreas HackethalFinancial Advice
Financial Regulation: A Transatlantic Perspective (Cambridge University Press)
Household Finance Published Paper2015
Michael HaliassosThe Fiscal Crisis as a Crisis in Trust
Policy Letter No. 25
Household Finance Policy Paper2014fiscal crisis, household liquidity, economic reforms, Greece
Andreas Hubener, Raimond Maurer, Olivia S. MitchellFamily Status, Social Security Claiming Options, and Life Cycle Portfolios
Policy Letter No. 26
Household Finance Policy Paper2014life-cycle models, household savings, investment decisions
Raimond MaurerDen Ruhestand optimal finanzieren
Press Article, 2014
Household Finance Policy Paper2014Alterssicherung, USA, Deutschland
Andreas Hackethal, Thomas SchäferAnlegerschutz braucht mehr Eigenverantwortung
Press Article, 2014
Household Finance Policy Paper2014Anlegerschutz, Bankberatung, Finanzbildung
Sascha Baghestanian, Paul Gortner, Joël van der WeelePeer Effects and Risk Sharing in Experimental Asset Markets
SAFE Working Paper No. 67
Household Finance, Financial Markets, Experiment Center SAFE Working Paper2014peer effects, laboratory experiments, risk taking, asset markets
Nina Biljanovska, Spyridon PalligkinisControl Thyself: Self-Control Failure and Household Wealth
SAFE Working Paper No. 69
Household Finance, Macro Finance SAFE Working Paper2014Self-Control, Household Wealth, Household Finance
Alexander Ludwig, Matthias SchönEndogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods
SAFE Working Paper No. 72
Household Finance, Macro Finance SAFE Working Paper2014Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation
Max Groneck, Alexander Ludwig, Alexander ZimperA Life-Cycle Model with Ambiguous Survival Beliefs
SAFE Working Paper No. 73
Household Finance, Macro Finance SAFE Working Paper2014Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana SchimetschekWill 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 Paper2015Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension
Raimond MaurerStellungnahme zum Gesetzesentwurf der Bundesregierung zur Umsetzung der OGAW-Richtlinie der EU-Kommission
Policy Letter No. 2, 2011
Household Finance Policy Paper2011Investmentfonds, Wertpapiere, Anlegerschutz
Andreas HackethalWie lässt sich der Kundennutzen der Anlageberatung steigern?
Policy Letter No. 07, 2012
Household Finance Policy Paper2012Anlageentscheidung, Wertpapierberatung, Risikomaße, Rendite
Laurent Calvet, Paolo SodiniTwin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios
SAFE Working Paper No. 13
Household Finance SAFE Working Paper2013Asset allocation, communication, genetics, habit formation, human capital, labor income, leverage, participation, risk-taking, social interactions, twin study
Markku Kaustia, Elias RantapuskaDoes Mood Affect Trading Behavior?
SAFE Working Paper No. 4
Household Finance SAFE Working Paper2013mood, seasonal affective disorder (SAD), weather, trading behavior, stock market
Markku Kaustia, Antti Lehtoranta, Vesa PuttonenDoes Sophistication Affect Long-Term Return Expectations? Evidence from Financial Advisers' Exam Scores
SAFE Working Paper No. 3
Household Finance SAFE Working Paper2013stock return expectations, sophistication, financial literacy, adviser
Markku Kaustia, Samuli Knüpfer, Sami TorstilaStock Ownership and Political Behavior: Evidence from Demutualization
SAFE Working Paper No. 2
Household Finance SAFE Working Paper2013Stock ownership, political behavior, salience, attention, identity
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian WagnerConsumption Habits and Humps
SAFE Working Paper No. 15
Household Finance SAFE Working Paper2013Consumption hump, life-cycle utility maximization, habit formation, impatience
Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens SteffensenLife Insurance Demand under Health Shock Risk
SAFE Working Paper No. 40
Household Finance SAFE Working Paper2014Health shocks, Portfolio choice, Term life insurance, Mortality risk, Labor income risk
Lorenz SchendelConsumption-Investment Problems with Stochastic Mortality Risk
SAFE Working Paper No. 43
Household Finance SAFE Working Paper2014Stochastic mortality risk, Health jumps, Labor income risk, Portfolio choice, Insurance
Lorenz SchendelCritical Illness Insurance in Life Cycle Portfolio Problems
SAFE Working Paper No. 44
Household Finance SAFE Working Paper2014Health shocks, Health expenses, Labor income risk, Stochastic mortality risk, Portfolio choice
Michael Kosfeld, Ulrich SchüwerAdd-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education
SAFE Working Paper No. 47
Household Finance, Experiment Center SAFE Working Paper2014consumer education,financial literacy, bounded rationality, competition, regulation
Holger Kraft, Claus Munk, Frank Thomas Seifried, Mogens SteffensenConsumption and Wage Humps in a Life-Cycle Model with Education
SAFE Working Paper No. 53
Household Finance SAFE Working Paper2014Education, leisure, consumption hump, wage hump
Daniel Harenberg, Alexander LudwigIdiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security
SAFE Working Paper No. 59
Household Finance, Macro Finance SAFE Working Paper2014social security, idiosyncratic risk, aggregate risk, welfare
Nicola Fuchs-Schündeln, Michael HaliassosDoes Product Familiarity Matter for Participation?
SAFE Working Paper No. 63
Household Finance SAFE Working Paper2014household finance, familiarity, financial literacy, stockholding, household debt, social interactions, consumer credit, counterfactual analysis, German reunification
Dimitris Georgarakos, Michael Haliassos, Giacomo PasiniHousehold Debt and Social Interactions
SAFE Working Paper No. 1
Household Finance SAFE Working Paper2013household finance, household debt, social interactions, mortgages, consumer credit, informal loans
Katja LangenbucherHousehold Finance and the Law – A Case Study on Economic Transplants
Financial Regulation: A Transatlantic Perspective (Cambridge University Press)
Household Finance Published Paper2015
Michael Haliassos, Thomas Jansson, Yigitcan KarabulutIncompatible European Partners? Cultural Predispositions and Household Financial Behavior
SAFE Working Paper No. 58
Household Finance SAFE Working Paper2014Household Portfolios, Household Finance, Cultural Influences on Economic Behavior
Daniel Harenberg, Alexander LudwigSocial Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk
SAFE Working Paper No. 71
Household Finance, Macro Finance SAFE Working Paper2014social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out
Axel Börsch-Supan, Alexander Ludwig, Edgar VogelAging and Pension Reform: Extending the Retirement Age and Human Capital Formation
SAFE Working Paper No. 82
Household Finance, Macro Finance SAFE Working Paper2015population aging, human capital, welfare, pension reform, retirement age, open economy
Max Groneck, Alexander Ludwig, Alexander ZimperA Life-Cycle Model with Ambiguous Survival Beliefs
Journal of Economic Theory
Household Finance, Macro Finance Published Paper2016Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles
Dimitris Georgarakos, Michael Haliassos, Giacomo PasiniHousehold Debt and Social Interactions
Review of Financial Studies
Household Finance Published Paper2014household finance, household debt, social interactions, mortgages, consumer credit, informal loans
Axel Börsch-Supan, Alexander Ludwig, Edgar VogelAging and Pension Reform: Extending the Retirement Age and Human Capital Formation
Journal of Pension Economics & Finance
Household Finance, Macro Finance Published Paper2017population aging, human capital, welfare, pension reform, retirement age, open economy
Daniel Harenberg, Alexander LudwigSocial Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk
International Tax and Public Finance
Household Finance, Macro Finance Published Paper2015social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out
Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens SteffensenLife Insurance Demand under Health Shock Risk
Journal of Risk and Insurance
Household Finance Published Paper2017Health 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 Paper2015

Research Projects

CategoryProjectResearcherProject DurationKeywordsProject IDPublication Count
Household Finance, Experiment Center

The Effect of Echo Chambers on Biased Beliefs

Andreas Grunewald, Victor Klockmann, Alicia von Schenk, Ferdinand von Siemens2021Communication, Echo Chambers, Biased Beliefs 2324081
Household Finance, Experiment Center

Experimental Evidence on Socially Responsible Investments – The Role of Preferences and Information

2021ESG; SRI; endogenous information acquisition; incentives; social preferences2324071
Household Finance, Experiment Center

Statistical Discrimination Revisited – The Role of Motivated Reasoning

Markus Eyting2021discrimination, motivated reasoning, beliefs, information2324061
Household Finance

The Disposition Effect in Boom and Bust Markets

Sabine Bernard, Benjamin Loos, Martin Weber20211
Household Finance

Financial Crisis, Creditor-Debtor Conflict, and Populism

Gyozo Gyöngyösi2021populism, far-right parties, political extremism, financial crisis, household debt, foreign currency debt1
Household Finance, Experiment Center

Social Identity Bias in Information Processing and Information Demand

Kevin Bauer, Yan Chen, Florian Hett, Michael Kosfeld20202324051
Household Finance, Experiment Center

Experiential Learning Through FinTech Applications

Andrej Gill, Florian Hett2020experiential learning, goal setting, personal finance management, financial literacy, overconfidence2324041
Household Finance

Household Cash Management

Fabian Braun, Andrej Gill, Andreas Hackethal, Florian Hett, Michael Kosfeld, Christine Laudenbach2020Short-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 li1431041
Household Finance, Experiment Center

Collective Action and Institution Formation - The Role of Group Size

Julian Detemple, Michael Kosfeld20202324031
Household Finance

Saving in Dynamic Life-Cycles Models

Raimond Maurer, Olivia S. Mitchell, Sehrish Usman2020Household Finance, Individual retirement accounts, private and public pensions, Life-Cycle Portfolio Choice, Taxation, Financial regulation, Welfare analysis, Longevity Risk, Pan European Pension Product1431011
Household Finance

On the (Ir)Relevance of Monetary Incentivization in Risk Preference Elicitation Experiments

Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika Weber2020behavioral measurement, risk preferences, incentives in risk experiments1431031
Household Finance, Experiment Center

Moral (Mis)Behavior in the Era of Big Data

Victor Klockmann, Marie-Claire Villeval, Alicia von Schenk20202324021
Household Finance, Experiment Center

Moral Decisions and the Externality of AI Usage

Victor Klockmann, Marie-Claire Villeval, Alicia von Schenk20202324011
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 Uhr20201481011
Household Finance

Consumption-Portfolio-Housing Choice with Reverse Mortgages

Christoph Hambel, Holger Kraft, André Meyer-Wehmann2019Reverse mortgages, consumption-portfolio choice, stochastic opportunity set, 213331
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 Weitzel2019Panel survey merged with administrative data, RCTs, experiments, surveys, topics: role of financial advice, pension planning, preferences and beliefs213321
Household Finance, Experiment Center

Using Behavioral Experiments to Capture Time Inconsistency in Households Financial Decision Making

Andrej Gill, Florian Hett2019financial mistakes, transaction data, household finance, time-inconsistency, present bias, time preferences, online experiment, preference heterogeneity213371
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 Roure2019Peer-to-Peer Lending, Credit Supply, Monetary Policy213341
Household Finance

Asset Class Participation and the Effect of Peer Performance on Allocation

Andreas Hackethal, Tobin Hanspal, Dominique Lammer2019Stock market participation, bitcoin, cryptocurrencies, peer-effects, behavioral finance, household finance, individual investors213361
Household Finance

Anticipation Effects in Macroprudential Policies: Evidence from a Natural Experiment

Claes Bäckman, Tobin Hanspal, Josefin Kilman2019Macroprudential policy, Amortization requirements, Housing Affordability; Natural experiment213351
Household Finance

The Anatomy of Consumption in a Household Foreign Currency Debt Crisis

Gyozo Gyöngyösi, Judit Rariga, Emil Verner20191
Household Finance

Social Capital, Economic Opportunity, and Multi-Level Marketing

Claes Bäckman, Tobin Hanspal2018Consumer financial protection, Household finance, Entrepreneurship, Multi-level marketing, Ponzi scheme, Pyramid scheme213281
Household Finance

Explaining Non-participation in an Employee Savings Plan: Evidence from Administrative Data

David Love, Giang Nghiem, Nathanael Vellekoop2018Household savings, non-participation, administrative data213311
Household Finance

Investor Characteristics and Long-Term Financial Decision Making

Konstantin Bräuer, Andreas Hackethal, Christine Laudenbach, Steffen Meyer, Thomas Pauls, Annika Weber2018RCTs on administrative panel dataset, stock market participation, role of financial advice213241
Household Finance, Experiment Center

Heterogeneity in the Sensitivity to Dynamic Incentives

Florian Hett, Felix Schmidt2018Peer Effects, Laboratory Experiments, Experimental Finance, Tournaments, Behavioral Finance, Rank Incentives213291
Household Finance

The Consumption Response to Stock Market Wealth

Gregor Becker, Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal2018Permanent Income Hypothesis, Marginal Propensity to Consume, Personal Financial Management213271
Household Finance

Rentencockpit/Pensions Dashboard - Promoting Individual Pension Transparency

Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine Laudenbach, Charline Uhr2018pensions dashboard, financial sophistication, financial literacy, pension planning, field experiment, FinTech, rational inattention213251
Household Finance

Robo-Advisers and Investor Behavior

Andreas Hackethal, Benjamin Loos, Alessandro Previtero2018Robo-advice, Financial advisors, Invdividual Investors, Financial Technology, Financial Inclusion, Risk Taking, Behavioral Biases.213261
Household Finance

How to Reduce Inertia of Private Investors?

Florian Deuflhard, Roman Inderst2018private investor inertia213301
Household Finance, Financial Markets

Preference Heterogeneity, Non-Price-Taking Behavior and Asset Prices

Giuliano Curatola, Ilya Dergunov, Alessandro Gioffré, Roberto Panzica2017Networks, social interactions, asset prices 216501
Household Finance

Inflation Expectations and Household Consumption Behavior

Satyajit Dutt, Nathanael Vellekoop, Mirko Wiederholt2017Inflation expectations; household savings; panel data; monetary economics1431021
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. Mitchell2017Household Finance, Riester Pension Plans, Individual Retirement Accounts, Money-back Guarantees, Pension Regulation, Welfare analysis, Longevity Risk, Annuities, Social Security Claiming, Lifecycle Portfolio Choice213201
Household Finance

Get ahead of the Joneses: Social Status

Holger Kraft, Christoph Kühn, André Meyer-Wehmann2017216501
Household Finance

Equity of Opportunities, Educational Achievement, and Financial Literacy

Horst Entorf, Jia Hou2017216701
Household Finance, Experiment Center

Financial Decision Making and Present Bias

Andrej Gill, Florian Hett, Johannes Tischer2017financial mistakes, transaction data, household finance, time-inconsistency, present bias, time preferences, online experiment, randomized controlled trial, preference heterogeneity, commitment devices, nudging213211
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 Roure2017P2P lending, financial intermediation, consumer credit213221
Household Finance, Experiment Center

Financial Networks in the Field

Paul Gortner, Joël van der Weele2016216501
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 Vellekoop2016financial products, household savings, crowd-out, social interactions, administrative data219211
Household Finance, Financial Markets

Bequeathing Illiquid Assets across Generations in an Aging Society

Holger Kraft, Farina Weiss2016demographic change, overlapping generations, household finance, asset pricing, welfare, life cycle216601
Household Finance, Macro Finance

Tax Treatment and Inequality in Labor Market Behavior

Nicola Fuchs-Schündeln, Hannah Paule-Paludkiewicz, Paul Reimers2016216701
Financial Intermediation, Household Finance

Demographic Changes, Optimal Design of Life Insurance Contracts and Household Welfare

Helmut Gründl, Martin Götz, Holger Kraft, Raimond Maurer2016216601
Household Finance, Financial Markets

Time-Varying Preferences and International Capital Markets

Giuliano Curatola, Ilya Dergunov2016Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice 216501
Household Finance, Macro Finance

Financial Frictions and Inequality

Martin Götz, Alexander Ludwig, Alexander Monge-Naranjo, Christian Schlag, Ctirad Slavik, Faisal Sohail2016216701
Financial Intermediation, Household Finance

Social Networks and Informal Lines of Credit

Olga Goldfayn, Nathanael Vellekoop2016Personality; Household consumption and Savings 216501
Household Finance

Evaluating the Benefits of Hedging Longevity Risk Using Life Annuities with Liquidity Options

Vanya Horneff, Raimond Maurer, Olivia S. Mitchell2016216601
Household Finance, Macro Finance

Inequality and Assortative Matching

Nicola Fuchs-Schündeln, Zhao Jin, Alexander Ludwig2016216701
Household Finance

Non-Financial Life-Cycle Decisions and their Impact on Consumption-Portfolio Choice with Unspanned Labor Income

Christoph Hambel, Holger Kraft, Peter Schwamborn2016213921
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 Rogalla2015health risk, optimal consumption decision, optimal portfolio decision, longevity risk213911
Household Finance

The Impact of Monetary Conditions on Bank Lending Households

Gyozo Gyöngyösi, Steven Ongena, Ibolya Schindele20151
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 Kaya2013113901

Current Research Team

ResearcherPosition
Bernard, Sabine Advanced Researcher
Braun, Fabian Junior Researcher
Gill, Andrej SAFE Fellow
Gyöngyösi, Gyozo Advanced Researcher
Hackethal, Andreas Senior Researcher
Hanspal, Tobin External Researcher, Research Affiliate
Hett, Florian SAFE Fellow
Inderst, Roman SAFE Fellow
Klockmann, Victor External Researcher
Laudenbach, Christine Senior Researcher
Maurer, Raimond External Researcher, SAFE Fellow
Meyer, Steffen External Researcher, SAFE Fellow
Mitchell, Olivia S. External Researcher, SAFE Fellow
Radermacher, Jan Wedigo Junior Researcher
Smetak, Fabian Junior Researcher
Tischer, Johannes External Researcher
Usman, Sehrish Junior Researcher
Vellekoop, Nathanael External Researcher, Research Affiliate
von Schenk, Alicia External Researcher
Wies, Simone External Researcher, SAFE Fellow