This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly...

This study appraises the role of gender in the behavior of individuals who make risky investments. The analysis bases on real-life investment data collected at an online market for peer-to-peer lending. The aim is to find out whether male and female investors differ in propensity for risk taking...

A draft of a reform towards "socially bounded competition" within the health care system indicates, first of all, that several areas of such an insurance system would have to be regulated by the state. Such a reform is much more complicated than text book models or the proposals of various...

In Germany the foreign born population is made up of foreigners and so called ”ethnic Germans” who migrated from eastern European countries to Germany. While the first group is confronted with problems arising from the typical German concept of ethnicity and citizenship, the latter are...

Using merged data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel (SOEP), this paper applies a parametric difference-in-differences approach to assess the real effects of the introduction of the Euro on subjective well-being. A complementary nonparametric...

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...