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The Long-lasting Effects of Living under Communism on Attitudes towards Financial Markets

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NBER2020-03-01 更新2025-01-04 收录
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We analyze the long-term effects of living under communism and its anticapitalist doctrine on households financial investment decisions and attitudes towards financial markets. Utilizing comprehensive German brokerage data and bank data, we show that, decades after Reunification, East Germans still

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2020-03-01
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