Saving Behaviours during the Covid Crisis

L’événement est en anglais.

The Observatoire de l’Epargne Européenne (OEE) and Amundi are pleased to invite you to the seminar that will feature Michael HALIASSOS (Goethe University Frankfurt) and his colleagues as well as Tullio JAPPELLI (University of Naples Federico II and CSEF) and Dimitris CHRISTELIS (University of Glasgow, CSEF, and CFS) who will present the results of two studies they conducted respectively for the OEE about saving behaviours during the COVID Crisis.

The first study aims at investigating whether and how the presence of a taxing and persistent cognitive load and its interaction with adverse labor market shocks tend to impact the consumption, saving, and borrowing choices made by heterogeneous individuals and to interfere with attainment of life-cycle objectives. It is based on results of an incentivized online experiment conducted by the researchers among a representative sample of 2000 households in France.

The second study examines the evolution of risky financial asset ownership during the pandemic in six countries (Belgium, Germany, Spain, France, Italy, and the Netherlands), using newly available data from the Consumer Expectations Survey conducted by the European Central Bank.

 

The presentation of the academic papers will be followed by a discussion with participants.

 

Program:

08:30 – 09:00 Welcome coffee
09:00 – 09:05 Introduction by Marie BRIERE (Head of Investor Intelligence & Academic Partnerships, Amundi Institute)
09:05 – 09:45 Presentation: “Consumption and Account Balances in Crises: Have we Neglected Cognitive Load?” – Michael HALIASSOS (Goethe University Frankfurt) and Dimitris CHRISTELIS (University of Glasgow, CSEF, and CFS)
09:45 – 10:25 Presentation: “Stockholding during the COVID-19 Crisis: An International Comparison” – Tullio JAPPELLI (University of Naples Federico II and CSEF)
10:25 – 10:40 Questions, answers and discussion with participants
10:40 – 10:45 Concluding remarks by Elsa FORNERO (Former Italian Minister of Labour and Social Policies, Honorary Professor of Economics at Università di Torino, OEE Vice-Chair and Scientific Coordinator at CeRP – Center for Research on Pensions and Welfare Policies)

 

Please note that there is a limited number of places available for people who want to participate physically, so please register as soon as possible by sending an email to Laetitia GABAUT (l.gabaut@oee.fr), if you want to be present in the room. Priority is given to OEE members. To unsubscribe or modify your personal information, please send your request to contact@oee.fr