Migration Background and its Impact on Personal Investments of in Germany Living People

Alexander Zureck and Tina Jager
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Alexander Zureck: FOM University of Applied Sciences, Essen, Germany
Tina Jager: FOM University of Applied Sciences, Essen, Germany and Fontys University of Applied Sciences, Venlo, the Netherlands

International Journal of Innovation and Economic Development, 2018, vol. 4, issue 3, 7-11

Abstract: More than 20 percent of in Germany living people have a migration background. From the economic point of view and in terms of customer protection, the group of people is noteworthy. Within this paper, the group of people with migration background is compared to people without migration background due to financial advisory, investment objectives, and yearly performance of personal investments. Generally, only a little difference was identified. People with a migration background focus more on security and liquidity. Returns are not so valuable as an investment objective. People with migration background more often generate a negative return than others. This peculiarity could be a consequence of the different investment objective. The most important person for the financial advisory is the consultant in the house bank. Family and friends are not so important to gather financial information.

Keywords: Personal finance; Investment behavior; Young people; Retirement (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijoied:v:4:y:2018:i:3:p:7-11

DOI: 10.18775/ijied.1849-7551-7020.2015.43.2001

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