We revisit the puzzle of limited stock market participation using qualitative methods common in other social sciences but rare in economics. Through in-depth interviews with investors and non-investors in Germany—a high-income country with low market participation—we elicit open-ended...

Emotional well-being is a fundamental factor that directly influences individual productivity from an economic perspective. Recently, the COVID-19 pandemic has been a significant factor that has affected emotional well-being. It has had serious repercussions on economies and societies, as well...