Past stock prices mislead investors

Researchers from the ECONtribute Cluster of Excellence analyzed data of a major German online bank: Investors often decide how to invest based on past stock prices. In fact, however, future and past returns do not depend on each other. If investors are made aware of this error, they change their investment behavior. This is shown in a study by the team of economist Prof. Dr. Christine Laudenbach, member of the Cluster of Excellence ECONtribute: Markets & Public Policy at the University of Bonn. The study was published in advance as an "ECONtribute Discussion Paper".

Inflation - Different social groups disagree on causes

In the USA and in Germany, prices have increased to their highest level in 30 years. A new survey shows: economists, households, and managers see different reasons for this and do not share the same outlook.

Moritz Schularick wins Leibniz Prize

Moritz Schularick wins the most important research funding award in Germany. The Leibniz Prize recognizes his outstanding research achievements in the field of economics. In particular, the way he connects macroeconomics with economic history, his insights into the causes of financial crises and his research on the historical development of wealth distribution.

Mentoring can reduce gender gap in competitiveness and earnings expectations

Competitiveness is an individual trait that has been shown to be highly predictive of career choices and labor market outcomes and for which a strong gender gap is often found. Gender differences in preferences for competition might therefore provide a partial explanation for gender disparities in career choices, such as differential selection into STEM fields or finance.

Exzellenz-Podcast: Pandemic exacerbated unequal educational opportunities

In its latest episode, the science podcast “Exzellent erklärt – Spitzenforschung für alle” provides insights into the research of the Cluster of Excellence ECONtribute of the Universities of Bonn and Cologne. Studies show: Pandemic-related school closures intensified unequal educational opportunities.

Next round for CRC: Economic perspectives on social challenges

Great success for the Collaborative Research Centre Transregio (CRC-TRR) 224 "Economic Perspectives on Societal Challenges" The collaborating scientists from the Universities of Bonn and Mannheim have convinced with their research work of the past four years. The German Research Foundation (DFG) is therefore funding the collaboration for a further funding period with several million euros.

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