Misum and Swedish House of Finance researchers granted 5M SEK for research on sustainability and personal finances
There is no doubt that climate change poses profound challenges for the global economy and certainly the financial system. But how much do households know about, and what do they expect of, the interplay between global warming and their personal financial well-being? These are questions that are essential for policymakers in addressing these challenges.
The research project will implement a repeated survey on sustainability and personal finance in Sweden with the objective to collect and measure people’s attitudes towards and expectations of the environment and personal finance. The survey instrument includes several sets of questions: on personal values, attitudes and expectations about future global warming and personal finances; on household behavior with respect to green and financial behavior (e.g. recycling, pension planning); on financial and environmental knowledge and self-confidence; and finally some general measures of risk-aversion and patience. The project aims to provide new insights into what factors shape green financial decisions and how these factors change over time.
Anastasia Girshina, Assistant Professor at the Department of Finance, Stockholm School of Economics (SSE), and Research Fellow at Swedish House of Finance
Emma Sjöström, Co-director of the Misum Sustainable Finance Initiative and Research Fellow at the Department of Marketing and Strategy, SSE
Paolo Sodini, Professor at the Department of Finance, Stockholm School of Economics (SSE) and Research Fellow at Swedish House of Finance
In an article published in 2021, Anders Anderson together with David Robinson (Professor of Finance at Duke University and scientific advisor to the Swedish House of Finance) looked at whether green households are more likely to hold green investments. Find the paper and a policy brief as a Misum Academic Insight here: “Financial Literacy in the Age of Green Investment”.
Photo by Alex Green from Pexels