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household financial assets. Our results suggest that banks information policies have the potential to be an effective tool to …
Persistent link: https://www.econbiz.de/10010959735
in risky sectors. Exploiting the longitudinal dimension of the British Household Panel Survey to control for …
Persistent link: https://www.econbiz.de/10010665153
Using data from the US Health and Retirement Study, we study the causal effect of increased health insurance coverage through Medicare and the associated reduction in health-related background risk on financial risk-taking. Given the onset of Medicare at age 65, we identify our effect of...
Persistent link: https://www.econbiz.de/10011078405
One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low … households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …
Persistent link: https://www.econbiz.de/10010884200
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine...
Persistent link: https://www.econbiz.de/10010959657
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/10010959752
This paper explores the importance of the household's financial position for an individual's level of well … household's monetary financial position on overall life satisfaction and financial well-being, with the latter being measured by … indicate that the household's level of net wealth, assets and debt are important determinants of overall life satisfaction and …
Persistent link: https://www.econbiz.de/10010959762
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...
Persistent link: https://www.econbiz.de/10011273191
We explore the relationship between household finances and personality traits from an empirical perspective …. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality … openness to experience exert relatively large influences on household finances in terms of the levels of debt and assets held …
Persistent link: https://www.econbiz.de/10009395435
While commitment devices such as defaults and direct deposits from wages have been found to be highly effective to increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer groups are an alternative commitment device that is...
Persistent link: https://www.econbiz.de/10009646295