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 Area Type Published
Olga Balakina, Vimal Balasubramaniam, Aditi Dimri, Renuka Sane Unshrouding Product-Specific Attributes Through Financial Education
Journal of Development Economics
Household Finance Published Paper 2026
Christine Laudenbach, Annika Weber, Rüdiger Weber, Johannes Wohlfart Beliefs About the Stock Market and Investment Choices: Evidence from a Field Experiment
forthcoming in The Review of Financial Studies
Household Finance Published Paper 2026
Christine Laudenbach, Ulrike M. Malmendier, Alexandra Niessen-Ruenzi The Long-Lasting Effects of Living under Communism on Attitudes towards Financial Markets
forthcoming in The Journal of Finance
Household Finance Published Paper 2026
Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal, Samuel M. Hartzmark Educating Investors about Dividends
forthcoming in The Review of Financial Studies
Household Finance Published Paper 2026
Andreas Hackethal, Christian Leuz, Steffen Meyer, Maximilian Muhn, Eugene Soltes Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation
forthcoming in Management Science
Household Finance Published Paper 2026
Kevin Bauer, Oliver Hinz, Ekaterina Jussupow, Lena Liebich, Moritz von Zahn Knowing (Not) to Know: Explainable Artificial Intelligence and Human Metacognition
forthcoming Information Systems Research
Household Finance Published Paper 2026
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Koenen, Christine Laudenbach Gender Differences in Financial Advice
American Economic Review
Household Finance Published Paper 2025
Haroon Ahmed, Christian Bommer, Markus Eyting, Pascal Geldsetzer, Min Xie The Effect of Shingles Vaccination at Different Stages of the Dementia Disease Course
Cell
Household Finance Published Paper 2025
Kevin Bauer, Oliver Hinz, Ekaterina Jussupow, Lena Liebich, Moritz von Zahn Knowing (Not) to Know: Explainable Artificial Intelligence and Human Metacognition
SAFE Working Paper No. 464
Household Finance SAFE Working Paper 2025
Sara Fadavi, Jakob Famulok, Christine Laudenbach, Vincent R. Lindner Beyond Environmental Factors: What Retail Investors Want from ESG Investing
Policy Letter No. 111
Household Finance Policy Paper 2025

Ongoing Research Projects

Household Finance
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
Household Finance, Experiment Center
Human-AI Collaboration, Human-AI Complementarities, Non-Monetary Incentives to Work, Meta-Learners

Current Research Team

Researcher Position
Balakina, Olga Postdoctoral Researcher
Chen, Jasmine Doctoral Student
Duraj, Kamila Doctoral Student
Eyting, Markus Postdoctoral Researcher
Famulok, Jakob Doctoral Student
Gill, Andrej SAFE Fellow
Hackethal, Andreas Professor
Hett, Florian SAFE Fellow
Jürß, Anika Doctoral Student
Laudenbach, Christine Professor
Liebich, Lena Doctoral Student
Maurer, Raimond SAFE Fellow
Meyer, Steffen SAFE Fellow
Mitchell, Olivia S. SAFE Fellow
Putz, Bianca Postdoctoral Researcher
Wies, Simone SAFE Fellow