Stockholding in Germany

Axel Börsch-Supan and Lothar Essig

Chapter 5 in Stockholding in Europe, 2003, pp 110-138 from Palgrave Macmillan

Abstract: Abstract Germany is not a country of stockholders. Financial portfolios are still dominated by relatively safe assets, notably checking and savings accounts and domestic bonds, and by illiquid assets, mainly life insuranc policies.1 In 1993, only 12 per cent of West Germans directly held stocks while almost two-thirds of West German households owned a whole life insurance policy and about one-third held domestic bonds. Private pension funds are still uncommon.

Keywords: Stock Market; Mutual Fund; Initial Public Offering; Financial Asset; Portfolio Choice (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1057/9780230502673_5

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