The consumer debt of households in Germany totals in the triple-digit billions and is characterized by a wide range of interest rates. Despite the high volume of debt, many people do not know the terms of their consumer credit contracts. This report analyzes new survey data on general knowledge...

In Deutschland addieren sich die Konsumschulden der Haushalte auf ein Volumen in dreistelliger Milliardenhöhe und zeichnen sich durch sehr unterschiedliche Zinskosten aus. Viele Menschen kennen jedoch die Konditionen ihrer eigenen Kredite für Konsumzwecke nicht. Der vorliegende Bericht...

We study the malleability of patience via educational interventions by aggregating evidence from earlier experiments in a meta-analysis and by conducting a field experiment. We find that the average effect of interventions on patience is positive but uncertain. The age of students explains a...

We present evidence from a repeated survey on risky asset holdings carried out on a representative sample of the German population six times between April and June 2020. Given the size of the Covid-19 shock, we find little evidence of portfolio rebalancing in April 2020. In May, however,...