About depression babies and red diaper babies: Do macroeconomic experiences affect everybody's risk taking in the same way?
Zusammenfassung
We study how macroeconomic growth experienced throughout a person's lifetime affects the decision to participate in the stock market, and how this interacts with political education. For people who have been raised in the market economy of the Federal Republic of Germany, we find that macroeconomic growth experienced throughout the lifetime predicts the likelihood of holding stocks and recent experiences have a higher impact. These findings do not extend to people who have been raised under the communistic regime of the former German Democratic Republic and thus have experienced a market economy only since the German reunification in 1989.
Schlüsselwörter
Behavioral finance; Household finance; Portfolio choice
Zitieren als
Cordes, H., & Dierkes, M. (2017). About depression babies and red diaper babies: Do macroeconomic experiences affect everybody's risk taking in the same way?. Journal of Behavioral and Experimental Finance, 13(1), 25–27.Details
Publikationstyp
Forschungsartikel (Zeitschrift)
Begutachtet
Ja
Publikationsstatus
Veröffentlicht
Jahr
2017
Fachzeitschrift
Journal of Behavioral and Experimental Finance
Band
13
Ausgabe
1
Erste Seite
25
Letzte Seite
27
Verlag
Elsevier B.V.
Sprache
Englisch
ISSN
2214-6350
DOI