Deuflhard, Florian; Georgarakos, Dimitris; Inderst, Roman - 2015
Savings accounts are owned by most households, but little is known about the performance of households' investments. We … create a unique dataset by matching information on individual savings accounts from the DNB Household Survey with market data … associated with a 13% increase compared to the median interest rate. We isolate the usage of modern technology (online accounts …