How Do Households Invest Their Savings?

Christian Zimpelmann
Profile Picture of - Christian Zimpelmann

Christian Zimpelmann

Abstract information

Different factors influence how households invest their savings. In this video, CHRISTIAN ZIMPELMANN explores the role that subjective beliefs about the stock market play in household investment decisions. Gathering data on stock holdings in the Netherlands from administrative data, Zimpelmann brings this into dialogue with Dutch households’ expectations about the stock market gleaned from surveys. Optimistic beliefs about stock market performance are shown to give rise to more risky investment decisions. Future research will explore the relevance of additional variables in such decisions as well as focusing on how beliefs affect other household choices relating to, for example, education and the labor market.

DOI:

https://doi.org/10.21036/LTPUB10903

Researcher

Christian Zimpelmann is a Research Associate at the Institute of Labor Economics (IZA). He completed his PhD at the University of Bonn is 2021 and has previously worked as a researcher at the Institute for Applied Microeconomics. Zimpelmann’s research focuses on household finance, family economics and labor economics. The recipient of a prestigious German National Academic Foundation Scholarship (2010-2015), Zimpelmann is a founder member of the CoVid-19 Impact Lab.

Institution information

University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)

The University of Bonn is one of Germany’s most prestigious and research-intensive institutions, consistently ranked among the top universities worldwide. Founded in 1818, it is celebrated for its academic excellence, particularly in mathematics and economics, and boasts a record of producing several Nobel Laureates and Fields Medalists. Located in the former German capital, the university is integrated into the city’s historic fabric, offering a vibrant international environment and a diverse range of programs across seven faculties. As a member of the elite U15 group, it remains a global leader in innovation and higher education.
University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)
Cover Photo of - University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)

Original Publication

Stock Market Beliefs and Portfolio Choice in the General Population

Christian Zimpelmann

Published in

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Citation

Christian Zimpelmann, 

Latest Thinking, 

How Do Households Invest Their Savings?, 

https://doi.org/10.21036/LTPUB10903, 

Credits:

© Christian Zimpelmann 

and Latest Thinking

This work is licensed under CC-BY 4.0