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
Kevin Bauer, Yan Chen, Florian Hett, Michael Kosfeld Group Identity and Belief Formation: A Decomposition of Political Polarization
SAFE Working Paper No. 409
Household Finance, Experiment Center SAFE Working Paper 2023
Andrea Essl, Michael Kosfeld, Markus Kröll, Frauke von Bieberstein Social Preferences and Sales Performance
Journal of Economics & Management Strategy
Household Finance, Experiment Center Published Paper 2023
Andreas Hackethal, Philip Schnorpfeil, Michael Weber Households’ Response to the Wealth Effects of Inflation
SAFE Working Paper No. 400
Household Finance SAFE Working Paper 2023
Julian Detemple, Michael Kosfeld Fairness and Inequality in Institution Formation
SAFE Working Paper No. 402
Household Finance, Experiment Center SAFE Working Paper 2023
Raimond Maurer, Sehrish Usman Dynamics of Life Course Family Transitions in Germany: Exploring Patterns, Process and Relationships
SAFE Working Paper No. 399
Household Finance SAFE Working Paper 2023
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell Do Required Minimum Distribution 401(k) Rules Matter, and for Whom? Insights from a Lifecycle Model
Journal of Banking & Finance
Household Finance Published Paper 2023
Kevin Bauer, Oliver Hinz, Michael Kosfeld, Lena Liebich Can GPT Mimic Human Preferences? An Empirical and Structural Investigation
SAFE Working Paper No. 401
Household Finance, Experiment Center SAFE Working Paper 2023
Giuliano Curatola, Ilya Dergunov International Capital Markets with Interdependent Preferences: Theory and Empirical Evidence
Journal of Economic Behavior & Organization
Household Finance, Financial Markets Published Paper 2023
Michael Kosfeld, Zahra Sharafi The Preference Survey Module: Evidence on Social Preferences from Tehran
SAFE Working Paper No. 393
Household Finance, Experiment Center SAFE Working Paper 2023
Christine Laudenbach, Michael Ungeheuer, Martin Weber How to Alleviate Correlation Neglect in Investment Decisions
Management Science
Household Finance Published Paper 2023

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
Bäckman, Claes Postdoctoral Researcher
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
Wies, Simone SAFE Fellow