Ulrike Malmendier says Great Depression-era Americans less likely to invest in stock market

NIA Aging Centers News Reference

In recent years, behavioral economics research has examined how psychology impacts people's responses to macroeconomic events like recessions. A good example cited here is a study by University of California Berkeley economics professor Ulrike Malmendier, which found that those who lived through the Great Depression are much less likely to invest their money in the stock market than those in subsequent generations.

Researcher Profile:
Ulrike Malmendier (Berkeley)

More Information:

News media website

See report

Additional Media Coverage:

"What Behavioral Economics Teaches Us About The Great Recession" - Forbes. 4/27/2015.

News Archive . Next RSS News Feed