Year: 2016
Author: Annuß, Christine, Rupprecht, Manuel
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 85 (2016), Iss. 1 : pp. 95–109
Abstract
Nominal interest rates in Germany have fallen to historically low levels in the past years, particularly for bank deposits, thereby potentially reducing households’ interest incomes. Against this backdrop, this article establishes the computation of the real total portfolio return of households in Germany. Besides bank deposits, this return is also determined by higher-yielding forms of investment such as insurance claims and securities and is not exceptionally low at the current stage. The real return, however, is not the central determinant of the financial investment decision. In addition to demographic and institutional factors, preferences concerning the liquidity and riskiness, in fact, are more important determinants. Compared to other euro area countries, German households" preferences do not constitute an exception in this respect.
Journal Article Details
Publisher Name: Global Science Press
Language: German
DOI: https://doi.org/10.3790/vjh.85.1.95
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 85 (2016), Iss. 1 : pp. 95–109
Published online: 2016-03
AMS Subject Headings: Duncker & Humblot, Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 15
Keywords: Households wealth portfolio rate of return E21 E29 G11
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