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The standard portfolio choice problem in Germany

Breunig, Christoph; Huck, Steffen; Schmidt, Tobias; … - 2019

We study an investment experiment with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external...

Persistent link: https://www.econbiz.de/10012064672

How do households allocate their assets? : stylized facts from the eurosystem household finance and consumption survey

Arrondel, Luc; Bartiloro, Laura; Fessler, Primin; … - 2014

Using the Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households’ wealth in fifteen … participation as well as levels of asset holdings and investigate the systematic relationships between household characteristics and …

Persistent link: https://www.econbiz.de/10010384151

Households' financial resilience, risk perceptions, and financial literacy : evidence from a survey experiment

Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2023 - This version: 21 December 2023

future events on households’ financial situation. Households are asked to assess specific risks for their own household … (treatment) or for a household with similar characteristics (control). On average, households assign a lower probability to … shocks that negatively affect personal finances if asked for their own household compared to a similar household. We do not …

Persistent link: https://www.econbiz.de/10014473206

Financial literacy, stock market participation, and financial well-being in Germany

Bucher-Koenen, Tabea; Janssen, Bennet; Knebel, Caroline; … - 2023

Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy …

Persistent link: https://www.econbiz.de/10014504767

Fearless woman : financial literacy and stock market participation

Bucher-Koenen, Tabea; Alessie, Rob; Lusardi, Annamaria; … - 2021 - This version: 2.3.2021

Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. Our survey experiment shows that women tend to disproportionately respond “do not know” to questions measuring financial knowledge, but when this...

Persistent link: https://www.econbiz.de/10012431925