Mar­cel Fisc­her

This research area deals with the question how individuals should allocate their savings in the presence of frictions over the life cycle.

Owner-occupied homes are typically the largest single financial investments of individuals. Yet, they differ along several dimensions from conventional assets, such as stocks or bonds. In this research area, I explore the implications of these differences for investments into owner-occupied homes.

Taxes substantially complicate optimal investment decisions. I explore how investors’ optimal investment decisions change in the presence of taxes.