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Paolo Sodini awarded new professorship in finance

The Stockholm School of Economics is establishing a new professorship in Finance, the 25th Anniversary Professor of Finance, to be held by Professor Paolo Sodini. The new chair is made possible by a donation from Anne Weidemanis Mägi and Joakim Weidemanis.

Since 2001, Professor Paolo Sodini has been a faculty member at the Stockholm School of Economics, specializing in household finance. His studies have concentrated on individual behavior in financial markets, including savings, financial risk-taking, and portfolio allocation. He has also worked on the determinants of wealth inequality, in particular the importance of returns to wealth and saving decisions. Lately his research has focused on how homeownership influences household economic actions and gender disparities in the housing market.

In his new position, Professor Sodini will be exploring the efficiency of retail financial markets and the extent to which they function and evolve in the interest of consumers. He will also continue to explore inequality and social mobility, particularly on how they are shaped by financial choices. In his work he emphasizes the importance of Swedish micro-data.

“I have been working on Swedish micro-data throughout my career. It is a resource with really huge potential for Swedish public policy and welfare, not to mention for academic research. I wish there would be more awareness of it and that Sweden would go back collecting it as it used to,” he says.

Important to society

The donation to the Chair was made by SSE alums Anne Weidemanis Mägi and Joakim Weidemanis in honor of their 25th wedding anniversary. The couple have a long and close relationship to the Stockholm School of Economics. They first met while studying at SSE. Anne Weidemanis Mägi did both her Master’s and PhD at SSE, and describes the School as a springboard for her academic career. During his studies at SSE Joakim Weidemanis worked with the then President of SSE Staffan Burenstam Linder in the foundation of SSE Riga.

The Weidemanis have previously made donations to two of SSE’s Art Classrooms, but for their silver anniversary they wanted to contribute to the School’s research.

“Household finance is a fascinating field. It presents a broader perspective on finance beyond business, focusing on issues that are important to and can shape society as a whole. We also appreciate the importance of creating something with lasting value, that others can continue to build upon,” say Anne Weidemanis Mägi and Joakim Weidemanis.

For more information, please contact:

Bobby Lundqvist
Head of Corporate Partnership and Development
+46 70 750 5110
Email: bobby.lundqvist@hhs.se

About the Stockholm School of Economics

The Stockholm School of Economics is rated as a top business school in the Nordic and Baltic countries and enjoys a strong international reputation. World-class research forms the foundation of our educational offering, which includes bachelor, master, PhD, MBA, and Executive Education programs. Our programs are developed in close cooperation with the business and research communities, providing graduates substantial potential to attain leading positions in companies and other organizations. 

The School is accredited by EQUIS, certifying that all of its principal activities – teaching as well as research – maintain the highest international standards. The Stockholm School of Economics is also the only Swedish member institution of CEMS and PIM, which are collaborations between top business schools worldwide, contributing to the level of quality for which our school is known. 

Press contact

Ylva Mossing
Content and Media Relations Manager
Email: ylva.mossing@hhs.se
Phone: +46 730 97 26 16

SSE Dept. of Finance Finance News Press release