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
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
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
Victor Klockmann, Marie Claire Villeval, Alicia von Schenk Artificial Intelligence, Ethics, and Pivotality
SAFE Working Paper No. 336
Household Finance, Experiment Center SAFE Working Paper 2022
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
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
Wataru Kureishi, Hannah Paule-Paludkiewicz, Hitoshi Tsujiyama, Midori Wakabayashi Time Preferences over the Life Cycle and Household Saving Puzzles
Journal of Monetary Economics
Household Finance Published Paper 2021
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
Andreas Hackethal, Steffen Meyer, Charline Uhr Smoking Hot Portfolios? Overtrading from Self-Control Failure
Journal of Empirical Finance
Household Finance Published Paper 2021
Barbara Kaschützke, Raimond Maurer Staatliche Sicherung und Eigenvorsorge in der Sozialen Marktwirtschaft der Bundesrepublik Deutschland
Policy Letter No. 90
Household Finance Policy Paper 2021
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

Ongoing Research Projects

Household Finance
Human-AI Collaboration, Human-AI Complementarities, Non-Monetary Incentives to Work, Meta-Learners
Household Finance, Experiment Center
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
Household Finance, Experiment Center
Communication, Echo Chambers, Biased Beliefs

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
Hinz, Oliver Professor
Lang, Alexander Other Researcher
Laudenbach, Christine Professor
Liebich, Lena Doctoral Student
Maurer, Raimond SAFE Fellow
Meyer, Steffen SAFE Fellow
Mitchell, Olivia S. SAFE Fellow
Nellessen, Florian Other Researcher
Putz, Bianca Postdoctoral Researcher
Wies, Simone SAFE Fellow