Browsing Working Papers by Author "Wohlfart, Johannes"
Now showing items 1-2 of 2
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Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations
Hanspal, Tobin; Weber, Annika; Wohlfart, Johannes (2020-05-21)We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations ... -
The Trading Response of Individual Investors to Local Bankruptcies
Laudenbach, Christine; Loos, Benjamin; Pirschel, Jenny; Wohlfart, Johannes (2020-03-20)We use data from a German online brokerage and a survey to show that retail investors sharply reduce risk-taking in response to nearby firm bankruptcies, which are not predictive of returns. The effects on trading are ...