We study financial risk taking via standard and sophisticated financial investments. Using
survey data on 2047 individuals, we find that standard investments are strongly associated …

We examine financial literacy in Germany using data from the SAVE survey. We find that
knowledge of basic financial concepts is lacking among women, the less educated, and …

This study examines the influence of actual and perceived financial knowledge (ie, financial
literacy and confidence) on financial wealth. We show that consideration of gender and …

In this paper, we study the relationship between financial literacy and self‐employment. We
use established financial literacy questions to measure literacy levels. The analysis shows a …

The recent financial crisis caused a shock to private wealth. Households with low financial
literacy are less likely to own risky assets directly. Therefore, fewer of them report financial …

We apply a machine-learning algorithm, calibrated using general human vision, to predict
the visual salience of prices of stock price charts. We hypothesize that the visual salience of …

We study how and to what extent private households are affected by the recent financial
crisis and how their financial decisions are influenced by this shock. Our analysis reveals …

Pension reforms in many developed countries make individuals shoulder a bigger share of
longevity and income risks. The desired response is that individuals accumulate private …

Due to demographic change, the replacement rates of the German statutory pension
scheme will decrease over the next decades. Voluntary savings for retirement will therefore …

For empirical analysis and policy-oriented recommendations, the precise measurement of
individual health or well-being is essential. The difficulty is that the answer may depend on …