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Heterogeneity in households' stock market beliefs : levels, dynamics, and epistemic uncertainty
Gaudecker, Hans-Martin von; Wogrolly, Axel - In: Journal of econometrics 231 (2022) 1, pp. 232-247
Persistent link: https://www.econbiz.de/10013441983
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Consuming dividends
Bräuer, Konstantin; Hackethal, Andreas; Hanspal, Tobin - 2020 - Current version: May 2020
This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on financial behavior. We find that private...
Persistent link: https://www.econbiz.de/10012223798
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The dynamics of households' stock market beliefs
von Gaudecker, Hans-Martin; Wogrolly, Axel - 2019
We analyse a long panel of households’ stock market beliefs to gain insights into the nature of their expectations formation processes. We classify respondents into one of five groups based on their data and estimate group-wise models of expectations formation. Two of the groups are at...
Persistent link: https://www.econbiz.de/10012018293
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The Dynamics of Households' Stock Market Beliefs
Gaudecker, Hans-Martin von - 2019
We analyse a long panel of households’ stock market beliefs to gain insights into the nature of their expectations formation processes. We classify respondents into one of five groups based on their data and estimate group-wise models of expectations formation. Two of the groups are at...
Persistent link: https://www.econbiz.de/10012871761
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Optimism gone bad? : the persistent effects of traumatic experiences on investment decisions
Kim, Chi Hyun - 2021
(SOEP) household survey data, I show that having experienced this event leads to persistently lower stock market …
Persistent link: https://www.econbiz.de/10012607996
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Optimism gone bad? : the persistent effects of traumatic experiences on investment decisions
Kim, Chi Hyun - 2021
(SOEP) household survey data, I show that having experienced this event leads to persistently lower stock market …
Persistent link: https://www.econbiz.de/10012543807
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Economic policy uncertainty and stock market participation
Gábor-Tóth, Enikő; Georgarakos, Dimitris - 2018 - This version: 21 February 2018
Does economic policy uncertainty affect household stockholding? To answer this question we create a novel measure of … household exposure to economic policy uncertainty news by combining survey information on the hours a household spends in … reading newspapers and the frequency of such news in the popular press during a household's pre-interview period. After …
Persistent link: https://www.econbiz.de/10011804056
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The standard portfolio choice problem in Germany
Huck, Steffen; Schmidt, Tobias; Weizsäcker, Georg - 2015
We study an investment experiment conducted 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...
Persistent link: https://www.econbiz.de/10011298558
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The standard portfolio choice problem in Germany
Huck, Steffen; Schmidt, Tobias; Weizsäcker, Georg - 2014
We study an investment experiment conducted 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...
Persistent link: https://www.econbiz.de/10010413601
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Understanding the Impact of Severe Hyperinflation Experience on Current Household Investment Behavior
Fajardo, José; Dantas, Manuela - 2020
We propose that a hyperinflation event has a long-lasting effect on household investment behavior. We want to … future. Results hold after controlling for various household characteristics and other macroeconomic events …
Persistent link: https://www.econbiz.de/10014352429