Stefano Ramelli

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Prof. Dr.
Last Name
Ramelli
First name
Stefano
Email
stefano.ramelli@unisg.ch
Phone
071 224 7029

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    Item type:Publication,
    Sustainable Investing and Political Behavior
    (2023-06-15)
    Florian Heeb
    ;
    Julian Kölbel  
    ;
    Stefano Ramelli  
    ;
    Vasileva Anna
    A first-order concern regarding sustainable finance is that it may crowd out individual support for more effective, policy-driven approaches to address societal challenges. We test the validity of this concern in a pre-registered experiment in the context of a real referendum on a climate law with a representative sample of the Swiss population (N=2,051). We find that the opportunity to invest in a climate-conscious fund does not erode individuals’ support for climate regulation. While sustainable finance resembles a placebo in the sense that participants seem to overestimate its impact, it is not a dangerous placebo that crowds out political engagement.
    Type:working paper
    URL:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4484166
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/117620