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We investigate the relationship between social interaction and household finances using data from the British Household … household finances and social interaction, rather than focusing one particular facet of household finances, such as the holding … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …
Persistent link: https://www.econbiz.de/10010380024
The Eurozone fiscal crisis has created pressure for institutional harmonization, but skeptics argue that cultural predispositions can prevent convergence in behavior. Our paper derives a robust cultural classification of European countries and utilizes unique data on natives and immigrants....
Persistent link: https://www.econbiz.de/10012061562
This paper explores the stock holdings of Spanish households. As found for other developed countries, the major part of Spanish households does not participate in the stock market. We analyse the impact that entry costs can have in this decision by looking at how wealth, education and a series...
Persistent link: https://www.econbiz.de/10010223413
hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …
Persistent link: https://www.econbiz.de/10011387313
We study the effect of subjective mortality beliefs on life-cycle behavior. With new survey evidence, we document that survival is underestimated by the young and overestimated by the old. We calibrate a canonical life-cycle model to elicited beliefs. Relative to calibrations using actuarial...
Persistent link: https://www.econbiz.de/10012855967
Using micro household survey data from China, this study finds that women are less likely to participate in the stock … market than men. This gender pattern in market participation rates holds when we control for household features … study’s findings suggest the crucial role of gender and gender-related cultural norms in shaping household financial …
Persistent link: https://www.econbiz.de/10013238583
I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive margins of stock market participation decisions. The GPR index subsumes the significance of economic policy uncertainty for stock market participation decisions and has long-lasting...
Persistent link: https://www.econbiz.de/10013403880
We explore the link between child gender and household financial decisions within a cultural environment that strongly … favours having a son. Using data from the China Household Finance Survey (CHFS), we find that the presence of a daughter is …
Persistent link: https://www.econbiz.de/10015066016
household contract choice: the attributes of the bank that makes the loan should play no role. If households rely on banks …-specific supply characteristics will play a role in the household's choice above any role they play through relative prices. Testing …
Persistent link: https://www.econbiz.de/10013010881
household contract choice: the attributes of the bank that makes the loan should play no role. If households rely on banks …-specific supply characteristics will play a role in the household's choice above any role they play through relative prices. Testing …
Persistent link: https://www.econbiz.de/10012995713