Pirmin Fessler’s research while affiliated with Oesterreichische Nationalbank and other places

... The broad definition includes not only the household's current financial streams, such as income, savings, and debt, but also the net worth of financial assets, at least to the extent that a household needs to survive economic shocks like job loss, health issues, or other events involving unexpected expenses. This approach is used in studies of both financial stability and the resilience of household finances [26][27][28]. ...

Reference:

Impact of the COVID-19 Pandemic on the Financial Situation of Rural and Urban Households in Poland

... According to Iqbal et al (2023), there is a greater risk of downside with cryptocurrencies due to their high volatility when compared to other traditional asset classes. However, the findings of the study by Ciaian et al (2024) show a significant correlation between investors' exposure to cryptocurrency investments and their attitudes toward the environment and society, implying that those who are interested in blockchain technology are also likely to engage in microenterprise ventures. The mediating variable, financial performance, has the potential to serve as a mediating factor in the relationship between the acceptance and deployment of blockchain technology and microeconomic stability, as well as between blockchain acceptance and deployment and microeconomic stability, which can be viewed from the trialability perspective in the theory. ...

Reference:

Blockchain acceptance and deployment: A catalyst for microeconomic stability with financial performance as a mediator

... Journal of Innovation and Entrepreneurship (2025) 14:57 theory, the problems of low financial literacy, negative financial attitudes, and consumer lifestyles can be addressed more effectively, thus supporting the improvement of better financial behavior among MSMEs (Dash & Mohanta, 2024;Kumar & Sharma, 2022). There are differences in research results or inconsistencies conducted by previous research (Cupák et al., 2022;Mahmood et al., 2024;Molina-García et al., 2023) which states that financial literacy influences financial behavior, whereas research conducted by ( Cucinelli & Soana, 2023;Kawamura et al., 2021) which states that financial literacy has no effect on financial behavior. Therefore, this research refers to the research gap regarding the gap in previous research results. ...

Reference:

Financial literacy innovation is mediated by financial attitudes and lifestyles on financial behavior in MSME players

... The ownership and the value of both HMR and OREP have also been found to be positively linked to inheritance, i.e. they are often inherited or purchased with the proceedings of bequests and gifts (e.g. Arrondel et al., 2014). Hence, real estate wealth is not only a marker of inequality, but also a significant transmission mechanism of inequalities across generations. ...

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Peripheral housing rentierisation in Southern Europe: reflections from the Portuguese case

... Goldsmith (1969) is an early classic, and Levine (1997) is a good survey. Arrondel et al. (2014) discuss recent material on household asset allocation focusing on Euro area countries. Our data does not contain information on the monetary value of asset holdings and their composition. ...

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Determinants of Saving-Borrowing Decisions and Financial Inclusion in a High Middle Income Country: The Turkish Case

... The different household compositions explain approximately a quarter of the gap, but the majority of the gap is unexplained by other, unobserved factors. Fessler et al. (2014) also found that household structure played a major role in the differences of net wealth distributions, by using Household Finance and Consumption Survey with European countries, excluding Estonia and Ireland. By studying the wealth distribution in Spain and the US, Salas-Rojo and Rodríguez (2021) documented that a certain bequest or better-educated parents may significantly widen individual opportunities for wealth accumulation. ...

Reference:

Retirement Income Sufficiency: A Comparison Study in Australia and New Zealand

... The structure of the European financial system, dominated by banks, contributes to this financing problem ( Figure 5). European households generally exhibit greater risk aversion than US households (Bekhtiar et al., 2019). This is one factor behind why they place a much larger proportion of their savings in bank deposits and a much lower proportion in equities, investment funds, and private pension schemes ( Figure 6a). ...

Reference:

Stepping Up Venture Capital to Finance Innovation in Europe

... On a meta-level, the use of language with which only one gender identifies is at odds with the pursuit of equal treatment, expressed, among other things, in efforts to make languages more gender-neutral or gender-fair (Lenhart & Heckel, 2025;Lindqvist et al., 2019;Szczesny et al., 2016;Vergoossen et al., 2020). At the level of consumer finance research, the fact that domain-specific language resonates with only one gender may account for the gender gap in financial literacy to the disadvantage of women, which is very well documented in literature (Bucher-Koenen et al., 2017;Cupák et al., 2021;Cwynar et al., 2019;Fonseca et al., 2012;Ooi, 2020;Potrich et al., 2024;Preston & Wright, 2024). The social and economic implications of identifying possible interactions between gender and the language used in the domain of finance could therefore be significant. ...

Reference:

Gender and spoken language use in consumer finance

... Financial Literacy: Measured using the Cupák et al. [58] questionnaire, consisting of 7 items. ...

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The Impact of Financial Literacy on Financial Behavior and Financial Resilience with the Mediating Role of Financial Self-Efficacy

... According to the analysis by Schechtl and Tisch (2023), citizens' support for a wealth tax in the United States, Germany and the United Kingdom is highly dependent on tax design, and particularly on the size of the exemptions. This result can plausibly be assumed to apply to inheritance taxation as well: Fessler and Schürz (2020) argue that the generally negative perception and low acceptance of inheritance taxation in most countries result from family values aiming at holding family wealth together, which appears to be reflected in the design of inheritance taxes mostly treating transfers within the close family preferentially. ...

Reference:

Behavioral Responses to Inheritance Taxation – A Review of the Empirical Literature