July 2020

Saving Behaviors of low income European households

Study by Ehsan Ramezanifar et Saeed Bajalan (Utrecht University) for the OEE

September 2019

Can Risk Be Shared Across Investor Cohorts? Evidence from a Popular Savings Product

Study by Johan Hombert (HEC Paris, CEPR) and Victor Lyonnet (The Ohio State University) for the OEE

Novembre 2018

Hedging Labor Income Risk over the Life-Cycle

Étude réalisée pour l’OEE, par Fabio C. Bagliano (Université de Turin & CeRP (Collegio Alberto)), R. Corvino (Cass Business School), Carolina Fugazza (Université de Turin & CeRP (Collegio Alberto)) et Giovanna Nicodano (Université de Turin & CeRP (Collegio Alberto) et Netspar)

September 2018

MIFID questionnaires, financial advices and investor behaviors

Study by Anthony Bellofatto (UC Louvain), Marie-Hélène Broihanne (EM Strasbourg Business School), Rudy De Winne (UC Louvain), Catherine D’Hondt (Edhec Business School), Maxime Merli (EM Strasbourg Business School), Hava Orkut (EM Strasbourg Business School), Patrick Roger (EM Strasbourg Business School) for the OEE

August 2018

Savings and Financing of Companies : an International Lighting

Study by Didier Davydoff (Former director and individual member of the OEE) for the OEE

June 2017

Fund Savings Plan Choices with and without Robo-Advice

Study by Konstantin Braüer (Goethe University, Frankfurt), Andreas Hackethal (Goethe University, Frankfurt), Sebastian Scheurle (McKinsey & Company, Inc & Goethe University, Frankfurt) for the OEE

May 2017

First Glance into Patterns of Liquidity in the Eurozone

Study by Mary Pieterse-Bloem (Erasmus Schoold of Economics, Rotterdam) & Boyd Buis (VU University, Amsterdam) for the OEE

February 2017

Longevity Risk

Study by Ling-Ni Boon (Université Paris-Dauphine, Tilburg University), Marie Brière (Amundi Investor Research Center, Université Paris Dauphine), Bas Werker (Tilburg University) for the OEE

November 2016

Residential Real Estate Investment

Studies by Philippe Bertrand (Aix-Marseille Université, Aix-Marseille Graduate School of Management – IAE, KEDGE BS Marseille, Aix-Marseille School of Economics) and Jean-Luc Prigent (THEMA, University of Cergy-Pontoise, LabeX MME-DII) for the OEE

February 2016

Intermediated Family Contracts

Robert J. Gary-Bobo (CREST, ENSAE) and Meryam Zaiem (CREST, ENSAE)

October 2015

The Savings Accounts Market in Europe: A Dormant Market?

Study conducted by IODS and the Observatoire de l’Epargne Européenne for the Bureau Européen des Unions de Consommateurs (BEUC)

October 2015

Effects of the great recession on European household savings behavior and long-term beliefs

Study conducted by Rob Alessie, Viola Angelini (University of Groningen), Agar Brugiavini, Danilo Cavapozzi (Ca’ Foscari University of Venice), Martina Celidoni, Guglielmo Weber (University of Padua)

October 2014

Targeted analysis of the saving needs of current retirees resulting from recent pension reform acts with French Data

Christophe Daniel (GRANEM, University of d’Angers), Anne Lavigne (LEO, University of Orléans), Stéphane Mottet (GRIEF, University of Poitiers), Jésus-Herell Nze Obame (GRANEM, University of Angers), Bruno Séjourné (GRANEM, University of Angers), Christian Tagne (LEO, University of Orléans)

April 2014

Are retail traders compensated for providing liquidity?

Jean-Noel Barrot (MIT Sloan), Ron Kaniel (Simon School of Business at University of Rochester and CEPR) and David Sraer (Princeton University and NBER)

January 2014

Household structure and household wealth in the Euro area

Mikkel Barslund & Ales Chmelar, Centre for European Policy Studies (CEPS) and Florence Legros, University Paris Dauphine and CEPS

February 2013

Familiarity versus Opportunity in Household Financial Behavior

Nicola Fuchs-Schuendeln (Goethe University Frankfurt, CFS, CEPR and NBER) & Michael Haliassos (Goethe University Frankfurt, CFS, CEPR and NETSPAR)

January 2013

Investment in Financial Literacy, Social Security and Portfolio Choice

Tullio Jappelli (University of Naples Federico II, CSEF and CEPR) & Mario Padula (Ca’ Foscari University of Venice, CSEF et CEPR)

November 2012

The Economic Impact of Savings Tax

Didier Davydoff (OEE), with Laetitia Gabaut (OEE) and Li Qin-Kuhry (IODS), at the demand of the Fédération Bancaire Française

June 2012

Structured Products in the European Market: Innovation, Competition and Complexities

Boris Vallée (HEC Paris) and Claire Célérier (UZH et TSE)

October 2011

The Retirement Savings Gap in Europe

Briefing paper by André Cappon (CBM-Group) for the OEE

September 2011

How the Crisis has Changed the Way We Save

André Masson (PSE-EHESS) & Luc Arrondel (PSE-CNRS)

June 2011

Algorithmic Trading: Issues, Evidence & Implications for Investors

Briefing paper by Thierry Foucault (HEC, Paris) for the OEE

June 2011

The Importance of Asset Management to the European Economy

Didier Davydoff (OEE), Laetitia Gabaut (OEE) & Grégoire Naacke (OEE) for ALFI

February 2011

European Survey of Consumer Finances

Janus Capital

November 2010

The Impact of the Crisis on Attitudes Towards Risk

André de Palma (ENS Cachan) & Nathalie Picard (University of Cergy-Pontoise) for the OEE

November 2010

Who takes risks when and why: Determinants of changes in investor risk taking

Martin Weber, Alen Nosic (Univeristy of Mannheim) & Elke U. Weber (Colombia Business School) for the OEE

October 2010

The Beliefs of Others – Naive Realism and Investment Decisions

Daniel Eagan (Behavioural Finance, Barclays Wealth, London), Christoph Merkle (University of Mannheim) & Martin Weber (University of Mannheim)

April 2010

Portfolio Choice, Over-Confidence & Disposition Bias

Maxime Merli (University of Strasbourg) for the OEE

December 2009

An Assessment of 10 years Financial Services Action Plan (FSAP)

Conducted by the OEE under the direction of Didier Davydoff for the European Parliament

November 2009

Investment Advice & the Implementation of the MiFID

André de Palma (ENS Cachan) & Nathalie Picard (University of Cergy-Pontoise) for the OEE

November 2009

The Markets in Financial Instruments Directive: A First Assessment

Sophie Moinas (Toulouse School of Economics) for OEE

September 2009

Investor Behaviour in the Post-Global Financial Crisis Era

Bella Caridade-Ferreira (Lipper FMI) for the OEE

August 2009

Portfolio allocation for European Markets with Predictability and Parameter Uncertainty

Eric Jondeau & Michael Rockinger (University of Lausanne) for the OEE

June 2009

The Portfolio Effect of Pension Reforms

Renata Bottazzi (University of Bologne), Tullio Jappelli (University of Naples, CSEF & CEPR) & Mario Padula (University of Venice & CSEF) for the OEE

January 2009

Optimal Annuitization with Background Risk and Equity Exposure During Retirement

Kim Peijnenburg, Theo Nijman et Bas Werker (University of Tilburg) for the OEE

November 2008

Saving Rates & House Price Dynamics in Europe: Structural Modeling & Implications for the Future

Elsa Fornero (University of Turin, CeRP), Mariacristina Rossi (University of Rome, CeRP) & Claudio Morana (University of Turin) for the OEE

October 2008

Individual Preferences, Saving & Wealth Management

André Masson (PSE-EHESS) & Luc Arrondel (PSE-CNRS) for the OEE

October 2008

Savings Statistics & Credit Guide


February 2008

Long-Term Investors & Governance

Summary of a project in association with the CDC, conducted by Michel Aglietta (Pairs University X – EconomiX & CEPII, Sabine Montagne (CNRS-IRISES, Paris University IX), Antoine Rebérioux (Paris University X – EconomiX) & Sandra Rigot (Paris University X – EconomiX)

February 2008

Towards a Common Operational European Definition of Over-Indebtedness

Conducted by the OEE, the CEPS (Centre for European Policy Studies) & the PFRC (Personal Finance Research Centre, Bristol University) for the European Commission Directorate-General for Employment, Social Affairs and Equal Opportunities

For more information, consult the European Commission Directorate-General website: Employment, Social Affairs & Inclusion

October 2007

Economic integration and mature portfolios

Dimitris Christelis, Dimitris Georgarakos & Michael Haliassos for the OEE

September 2007

Financial intermediation in developed countries: heterogeneity, lengthening and risk transfer

New version of previous study entitled ‘The Final Destination of Household Financial Wealth’.
Michel Boutillier, Nathalie Lévy & Valérie Oheix for the OEE

July 2007

Money in motion: Dynamic portfolio choice in retirement

Wolfram J. Horneff, Raimond H. Maurer, Olivia S. Mitchell & Michael Z. Stamos for the OEE

May 2007

Has French Household Saving & Indebtment Behaviour Become Unusual?

Didier Davydoff & Grégoire Naacke (OEE) for the French Banking Federation

December 2006

Intermediation Governance & Volatility

Raphaëlle Bellando, Françoise Le Quéré, Franceline Mercurelli, Jean-Paul Pollin, Sébastien Ringuédé, Linh Tranh Dieu & Anne-Gaël Vaubourg, all members of the Laboratoire d’Economie d’Orléans (LEO) team, for the OEE

December 2006

The Impact of Asset Management Regulation in Europe

Michel Aglietta (CEPII, FORUM), Nicolas Meisel (OCDE), Sabine Montagne (IRIS, Paris IX), Valérie Rabault (BNP-Paribas), Yamina Tadjeddine (FORUM-Paris X), for the OEE

October 2006

Current Trends in the European Asset Management Industry

Michael Schröder, Mariela Borell (ZEW Mannheim), Didier Davydoff & Grégoire Naacke (OEE) for the European Commission

September 2006

Feasibility study for a European database management system dedicated to researchers in economics and finance

Didier Davydoff (OEE) for Inquire Europe & the Europlace Institute of Finance

April 2006

Disparities in Pension Financing in Europe: Economic and Financial Consequences

Jean Chateau & Xavier Chojnicki (CEPII) for the OEE

December 2005

Financing of Housing by Households in Europe

Maxime Chodorge, Thierry Debrand, Michel Mouillart, Claude Taffin & Marielle Thomas for the OEE

August 2005

Household Indebtedness in Europe

Conducted by the OEE for the Comité Consultatif du Secteur Financier (Advisory Board of the Financial Sector)

Click here to see the study (French only)

July 2005

Aging and Asset Prices

Axel Börsch-Supan, Alexander Ludwig & Mathias Sommer from the Mannheim Research Institute for the Economics of Aging (MEA) for the OEE and the Fonds de Réserve pour les Retraites (FFR)

July 2005

Les incitations publiques à investir en titres de sociétés non cotées en bourse

Didier Davydoff (OEE) for the Commissariat Général du Plan (CGP)

June 2005

L'Investissement dans le non coté et la transmission des entreprises en Europe

Conducted by the laboratory CREM-CNRS 6211 at the University of Caen for the OEE

February 2005

The Final Destination of Household Financial Wealth: An update

Michel Boutillier & Valérie Oheix (Paris University X) for the OEE

February 2005

Le poids réel de l'impôt sur le revenu du patrimoine financier dans trois pays européens

Yannick L'Horty (University of Evry-Val d'Essonne) for the OEE

December 2004

European Real Estate Investment Funds Available to Private Investors

Conducted by the IEIF for OEE Etudes

July 2004

Investment & Indebtedness Behaviour of Households in 'New' Europe

Conducted by André Babeau for the OEE in collaboration with Pioneer Investments and its UCI-New Europe division

January 2004

Household Indebtedness from 1995 to 2002

Conducted by the OEE for the Comité consultatif du Conseil national du crédit et du titre

April 2003

Accounting for Occupational Pension Plans in the Main European Countries

Conducted by Cabinet Fixage for the OEE

April 2003

Financing Non-Financial Agents in Europe: Financial Intermediaries Still Play a Dominant Role

Gunther Capelle-Blancard (TEAM-CNRS, Paris University 1 Panthéon-Sorbonne) & Jézabel Couppey-Soubeyran (CADRE, University of Lille II & TEAM-CNRS)

May 2003

Towards a Single European Market in Asset Management

Study requested by the Investment Management Association and jointly financed by the Investment Management Association and the Corporation of London for the OEE

December 2002

The Role of Shares in Household Wealth - International Measures & Comparisons

Conducted by the Comissariat Général du Plan in collaboration with Annick Guilloux, Olivier Garnier & Guilhem Bentoglio

To see the study, click here

December 2002

The Increase in Equity Market Volatility

Conducted by CMF in association with Banque de France, the Commission des opérations de bourse (COB),  Euronext & IEM Finance

October 2002

L'épargne salariale en marche ? Réglementation et pratique de l'épargne salariale en France

Frédérique Cerisier & Sandrine Rol, Economists at the Centre d'Observation Economique, for the OEE

October 2002

Unit-linked and Fixed-rate Life Insurance in Europe Between 1997-2000: an Exceptional Period

Results of an OEE survey of the European Union's fifteen member states aimed at splitting aggregate data according to national currency and unit-linked contract components

September 2002

Household Wealth in the National Accounts of Europe, the United states & Japan

Conducted by OEE in collaboration with Pioneer Investments and the OCDE and published by the OCDE

July 2002

Internalization, investor protection & market quality

Bruno Biais & Didier Davydoff

May 2002

Stockholding: A European Comparison

Tullio Japelli, Luigi Guiso & Michael Haliassos for the OEE

May 2002

Financing Non-Financial businesses in Europe & the US from 1995 to 2000

Conducted by the Commissariat Général du Plan for the OEE

December 2001

Savings & Investment in Europe from 1995 to 2000

Conducted by the OEE & funded by the Commission des Communautés européennes

October 2001

The composition of financial wealth & the flow of household financial investments in Europe & the USA from 1995 to 1999

Conducted by the OEE for the Commissariat Général du Plan

June 2001

Taxation of Savings Products: an International Comparison

Yannick L'Horty & Thierry Laurent for the OEE

June 2001

Sectoral Funds: Importance & Performance

Patrice Fontaine for the OEE

January 2001

The Final destination of European households savings

Conducted by MODEM & GEAPE for the OEE

November 2000

Real Estate Funds in Europe

Conducted by the Institut d‘épargne immobilière & foncière for the OEE

October 2000

Household Resources & Their Usage in Europe

Conducted by CREP SA for the OEE