首页
NATIONAL BUREAU OF ECONOMIC RESEARCH
上下棋牌NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Christine Laudenbach

Goethe University Frankfurt
60629 Frankfurt am Main
Germany

E-Mail: 上下棋牌EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Goethe University

NBER Working Papers and Publications

March 上下棋牌The Long-lasting Effects of Living under Communism on Attitudes towards Financial Markets
with Ulrike Malmendier, Alexandra Niessen-Ruenzi: w26818
We analyze the long-term effects of living under communism and its anticapitalist doctrine on households’ financial investment decisions and attitudes towards financial markets. Utilizing comprehensive German brokerage data and bank data, we show that, decades after Reunification, East Germans still invest significantly less in the stock market than West Germans. Consistent with communist friends-and-foes propaganda, East Germans are more likely to hold stocks of companies from communist countries (China上下棋牌, Russia, Vietnam) and of state-owned companies, and are unlikely to invest in American companies and the financial industry. Effects are stronger for individuals exposed to positive “emotional tagging,” e.g., those living in celebrated showcase cities. Effects reverse for individuals with ...
 
上下棋牌Publications
上下棋牌Activities
上下棋牌Meetings
上下棋牌NBER Videos
上下棋牌Themes
上下棋牌Data
上下棋牌People
上下棋牌About
上下棋牌
上下棋牌 上下棋牌 上下棋牌 上下棋牌 上下棋牌 上下棋牌 上下棋牌 上下棋牌
上下棋牌
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@

Contact Us

友情链接:安徽体彩11选5 云南11选5遗漏 甘肃11选5遗漏 湖北体彩新11选5走势图 内蒙11选5开奖结果 江苏11选5开奖直播 11选5杀号公式 甘肃11选5开奖结果 重庆11选5走势图