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Stock Holdings in Austria


  • Pirmin Fessler

    () (Oesterreichische Nationalbank, Economic Analysis Division)

  • Martin Schürz

    () (Oesterreichische Nationalbank, Economic Analysis Division)


Based on micro data, this study reviews the stock holdings of Austrian households. Stock investment is not widely spread in Austria, and those stock holdings that do exist are concentrated among wealthy, high-income households. This finding from the OeNB’s Survey on Financial Household Wealth (SFHW) ties in with available international data.

Suggested Citation

  • Pirmin Fessler & Martin Schürz, 2008. "Stock Holdings in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 83-100.
  • Handle: RePEc:onb:oenbmp:y:2008:i:2:b:4

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    References listed on IDEAS

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    Cited by:

    1. Michael Andreasch & Pirmin Fessler & Martin Schürz, 2012. "Savings Deposits in Austria – A Safety Net in Times of Crisis," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 81-95.
    2. Jun Zhan, 2015. "Who holds risky assets and how much?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(2), pages 323-370, May.

    More about this item


    portfolio choice; wealth; incomplete portfolios; diversification;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household


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