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Friends with Benefits : Social Capital and Household Financial Behavior

Cannon, Brad; Hirshleifer, David; Thornton, Joshua - National Bureau of Economic Research - 2024

Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial behavior. We find that the most important measure of social capital in explaining stock market and saving participation is Economic Connectedness, defined as the fraction of one's...

Persistent link: https://www.econbiz.de/10014512040

Inflation's Impact on American Households

Altig, David; Auerbach, Alan J.; Eidschun, Erin F.; … - National Bureau of Economic Research - 2024

The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the focus of this paper. Inflation affects households...

Persistent link: https://www.econbiz.de/10014544760

Traumatic Financial Experiences and Persistent Changes in Financial Behavior : Evidence from the Freedman's Savings Bank

Arthi, Vellore; Richardson, Gary; Van Orden, Mark - National Bureau of Economic Research - 2024

The failure of the Freedman's Savings Bank (FSB), one of the only Black-serving banks in the early post-bellum South, was an economic catastrophe and one of the great episodes of racial exploitation in post-Emancipation history. It was also most Black Americans' first experience of banking. Can...

Persistent link: https://www.econbiz.de/10014576605

Charity : Have the Rates of US Households Contributing Money or Time Declined?

Smith, Vincent Kerry - National Bureau of Economic Research - 2024

This paper uses the responses to questions about charitable contributions from the Survey of Consumer Finances (SCF) between 1992 and 2022 to consider the rates of US households contributing money or time to charitable organizations. The fraction donating $500 or more remained relatively...

Persistent link: https://www.econbiz.de/10014576621

Unequal Uptake : Assessing Distributional Disparities in the Residential Solar Market

Dorsey, Jackson; Wolfson, Derek C. - National Bureau of Economic Research - 2024

We examine technology adoption and consumer welfare disparities across demographic groups using data from an online solar photovoltaic (PV) marketplace. Low-income households are 25% less likely to purchase solar through the platform and obtain 53% lower expected consumer surplus than...

Persistent link: https://www.econbiz.de/10015056139

Measuring state dependence in individual poverty status : are there feedback effects to employment decisions and household composition?

Biewen, Martin (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002042695

Retail Globalization and Household Welfare : Evidence from Mexico

Atkin, David - 2015

The arrival of global retail chains in developing countries is causing a radical transformation in the way that households source their consumption. This paper draws on a new collection of Mexican microdata to estimate the effect of foreign supermarket entry on household welfare. The richness of...

Persistent link: https://www.econbiz.de/10012457491

Correlation, Consumption, Confusion, or Constraints : Why do Poor Children Perform so Poorly?

Caucutt, Elizabeth M. - 2015

The economic and social mobility of a generation may be largely determined by the time it enters school given early developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for educational attainment and lifetime earnings. After providing...

Persistent link: https://www.econbiz.de/10012457645

The gendered nature of poverty : data, evidence and policy recommendations

Burchi, Francesco; Malerba, Daniele - German Institute of Development and Sustainability - 2023 - 2nd, revised edition

Poverty and gender equality are at the heart of the 2030 Agenda and are key strategic areas for Germany's Federal … Ministry for Economic Cooperation and Development (BMZ). It has been often argued that poverty is gendered: at the 1995 UN … sound scientific evidence. There are several challenges to examining the relationship between gender and poverty. The main …

Persistent link: https://www.econbiz.de/10014474638

The Economics of Financial Stress

Sergeyev, Dmitriy; Lian, Chen; Gorodnichenko, Yuriy - National Bureau of Economic Research - 2023

dynamic model of consumption and labor supply. We emphasize two key results. First, a psychology-based theory of poverty traps … of financial stress. On the other hand, naifs dis-save, fall into a poverty trap, and incur high welfare losses. Second …

Persistent link: https://www.econbiz.de/10014287386