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The implications of household size and children for life-cycle saving
Capéau, Bart; Rock, Bram de - 2015
On the basis of a concatenation of fifteen Belgian household budget surveys from 1995/96 to 2010, we investigate the … impact of demographic factors, such as ageing and changing household composition, on saving behaviour. Not focusing on high … change in household size and composition. Older people seem to be more impatient, and thus save less, though this evidence is …
Persistent link: https://www.econbiz.de/10011586153
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The credit card debt puzzle : the role of preferences, credit risk, and financial literacy
Gorbachev, Olga; Luengo-Prado, Maria José - 2016 - This version: July 7, 2016
We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why consumers simultaneously co-hold high-interest credit card debt and lowinterest assets that could be used to pay down this debt. This dataset contains unique information on...
Persistent link: https://www.econbiz.de/10011516711
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Predicting retirement savings using survey measures of exponential-growth bias and present bias
Goda, Gopi Shah; Levy, Matthew; Flaherty Manchester, … - 2018
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential-growth bias (EGB) and present bias (PB). We find that EGB, the tendency to neglect compounding, and PB, the tendency to value the present over the future, are highly significant...
Persistent link: https://www.econbiz.de/10011902764
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Credit Use of U.S. households After the Great Recession : The Role of Credit Constraints
Kim, Kyoung Tae - 2015
household debt, (1) installment loan debt and (2) credit card debt. Results of a Heckman selection model indicate that …
Persistent link: https://www.econbiz.de/10013010347
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Crisis impact on the diversity of financial portfolios : evidence from European citizens
Schäfer, Dorothea; Stöckel, Michael; Weser, Henriette - 2020
Since the 2008 Lehman bankruptcy, it is clearly shown that global economic and financial crises present major challenges to private households, requiring from them, a high level of shock absorption capacity. According to the old adage, "Do not put all the eggs in one basket", resilience depends,...
Persistent link: https://www.econbiz.de/10012270852
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Effects of the Financial Crisis and Great Recession on American Households
Hurd, Michael D. - 2010
This paper presents evidence from high-frequency data collections dedicated to tracking the effects of the financial crisis and great recession on American households. These data come from surveys that were conducted in the American Life Panel – an Internet survey run by RAND Labor and...
Persistent link: https://www.econbiz.de/10013135738
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Effects of the Financial Crisis and Great Recession on American Households
Hurd, Michael D. - 2010
In this paper we present evidence from high-frequency data collections dedicated to tracking the effects of the financial crisis and great recession on American households. These data come from surveys that we conducted in the American Life Panel – an Internet survey run by RAND Labor and...
Persistent link: https://www.econbiz.de/10013136094
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Wealth Effects and the Consumption of Italian Households in the Great Recession
Bottazzi, Renata - 2017
We estimate marginal propensities to consume from wealth shocks for Italian households in the early part of the Great Recession. Large asset price shocks in 2008 underpin an IV estimator. A euro fall in risky financial wealth resulted in cuts in annual total (non‐durable) consumption of 8.5‐...
Persistent link: https://www.econbiz.de/10012961042
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Wealth effects and the consumption of Italian households in the Great Recession
Bottazzi, Renata; Trucchi, Serena; Wakefield, Matthew - 2017 - This version: August 2015
We estimate marginal propensities to consume from wealth shocks for Italian households in the early part of the Great Recession. Large asset price shocks in 2008 underpin an IV estimator. A euro fall in risky financial wealth resulted in cuts in annual total (non -durable) consumption of 8.5 ] 9...
Persistent link: https://www.econbiz.de/10011674495
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Household debt and saving during the 2007 recession
Chakrabarti, Rajashri; Lee, Donghoon; Klaauw, Wilbert … - 2011
Using credit report records and data collected from several household surveys, we analyze changes in household debt and … appears to reflect a considerable decline in household debt, as households paid down mortgage debt in particular. At the end … to become harder to obtain during 2010. -- household debt and saving ; 2007 recession ; credit access ; mortgage debt …
Persistent link: https://www.econbiz.de/10008935752