Roine Vestman



Short Presentation
Roine Vestman holds an M.Sc. degree in Business and Economics from Stockholm School of Economics and a Ph.D. degree in Economics from New York University, USA.

Research Interests

Roine Vestman’s research interests include Household Finance, Asset Pricing, Macroeconomics and Applied Microeconomics.

CV – Roine Vestman (137 Kb)

“Are Mutual Fund Managers Paid For Investment Skill?” (with Markus Ibert, Ron Kaniel, and Stijn Van Nieuwerburgh). Forthcoming, The Review of Financial Studies.

“On the Asset Allocation of a Default Pension Fund” (with Magnus Dahlquist and Ofer Setty). SSRN version includes Online Appendix. Forthcoming, The Journal of Finance. Co-author Magnus wins prize for best presentation at Inquire Europe, October 2016.

“Risk taking, Behavioral Biases, and Genes: Results from 149 Active Investors”, Journal of Behavioral and Experimental Finance, 93-100, June 2015 (with Anders Anderson and Anna Dreber Almenberg).

“Judging the Quality of Survey Data by Comparison with “Truth” as Measured By Administrative Records: Evidence from Sweden”, chapter in the forthcoming NBER Book “Improving the Measurement of Consumer Expenditures”, edited by Christopher Carroll, Thomas Crossley and John Sabelhaus. NBER Book Series Studies in Income and Wealth, University of Chicago Press (with Ralph Koijen and Stijn Van Nieuwerburgh), 2015.

“The Labor Market Returns to Cognitive and Noncognitive Ability: Evidence from the Swedish Enlistment”, American Economic Journal: Applied Economics, 3(1), 101-128, 2011 (with Erik Lindqvist).

Working Papers (links to SSRN and PDFs)
“Limited Stockmarket Participation Among Renters and Homeowners”.  Online Appendix. (583 Kb) Revise & Resubmit, The Review of Financial Studies.

“Swedish Equity Mutual Funds 1993-2013: Performance, Persistence and Presence of Skill” (with Harry Flam).  Version dated March 2017. (1315 Kb)

“Household Debt and Monetary Policy: Revealing the Cash-Flow Channel” (with Martin Flodén, Matilda Kilström, and Jósef Sigurdsson).

“Identifying the Benefits from Home Ownership: A Swedish Experiment” (with Paolo Sodini, Stijn Van Nieuwerburgh, and Ulf von Lilienfeld-Toal). NBER working paper 22882.

Svensk ekonomisk politik och populärvetenskapliga presentationer
Presentation vid Finansinspektionens konsumentskyddsdag (676 Kb) den 11 maj 2017.

Populärvetenskaplig presentation om individanpassad tillgångsallokering i fonderade pensionssystem (290 Kb) den 9 maj 2017.

Current teaching:

Financial Economics EC2206 (Undergraduate)