Publications of the Research Unit Pensions and Sustainable Financial Markets

Using a unique survey dataset, I study how financial market experts form their stock market expectations. I document a strong disagreement among experts about how important macroeconomic and financial variables…

Do women invest differently than men? We contribute to the answer of this question by analysing the Panel on Household Finances (PHF) of the German Bundesbank. This representative panel collects a wide variety…

We employ proprietary data from a large bank to analyze how – in times of crisis – depositors react to a bank nationalization, re-privatization and an accompanying increase in deposit insurance. Nationalization…

• EU Debt Issuance for “Next Generation EU” at Risk of Becoming Permanent
• Awareness Campaigns Hardly Contribute Towards Flood Protection
• Multinationals Are Using Digital Infrastructure to Relocate Their…

• Voting Rights of Foreigners Affect Their Likelihood of Acquiring Citizenship
• Companies Plan to Keep Remote Work Arrangements After Crisis
• School Closures Jeopardise Equality
• ‘Treuhandanstalt’ Sold…

European banks are exposed to a substantial amount of risky sovereign debt. “Missing capital” in the banking system resulting from the zero-risk weight exemption for European sovereign debt amplifies the…

• Reluctance Towards E-Cars: High Costs Not the Only Barrier to E-Mobility
• Long-Run Consequences of the COVID-19 Pandemic on Social Inequality
• Disproportionate Purchase of High-Debt Country Bonds Even Before…

• Socially Responsible Behaviour Can Slow the Spread of the Coronavirus
• Innovative Companies Are More Resilient to Crises and Less Prone to Cut Employment
• Contact-Tracing App: Creating Incentives for Fast and…

• Coronavirus Pandemic Poses Threat to Existence of Many Businesses
• Lack of Qualified Personnel Becomes a Major Barrier to Innovation
• EU Acceptance Depends on Its Institutions
• Cyberattacks Threaten Company…