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Disagreement in Partners’ Reports of Financial Difficulty

Breunig, Robert; Cobb-Clark, Deborah; Gong, Xiaodong; … - Research School of Economics, College of Business and … - 2006

We use unique data in which both partners report about household finances to demonstrate that there is often disagreement about whether the household has experienced financial difficulty in the past year. Four alternative explanations for this disagreement are tested using the data. The results...

Persistent link: https://www.econbiz.de/10004977295

You Can Pick Your Friends, But You Need to Watch Them: Loan Screening and Enforcement in a Referrals Field Experiment

Bryan, Gharad; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2012

We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval....

Persistent link: https://www.econbiz.de/10011083275

Subprime Consumer Credit Demand: Evidence from a Lender's Pricing Experiment

Alan, Sule; Lóránth, Gyöngyi - C.E.P.R. Discussion Papers - 2012

Using a unique panel data set from a UK credit card company, we analyze the interest rate sensitivity of subprime credit card borrowers. In addition to all individual transactions and loan terms, we also have access to details of a randomized interest rate experiment conducted by the lender on...

Persistent link: https://www.econbiz.de/10011083560

Corporate Scandals and Household Stock Market Participation

Giannetti, Mariassunta; Wang, Tracey Yue - C.E.P.R. Discussion Papers - 2014

We show that after the revelation of corporate fraud in a state, the equity holdings of households in that state decrease significantly both in the extensive and the intensive margins. Using an exogenous shock to fraud detection and exogenous variation in households’ lifetime experiences of...

Persistent link: https://www.econbiz.de/10011084666

Unshrouding Effects on Demand for a Costly Add-on: Evidence from Bank Overdrafts in Turkey

Alan, Sule; Cemalcilar, Mehmet; Karlan, Dean S.; … - C.E.P.R. Discussion Papers - 2015

Models of shrouding predict that firms lack incentives to compete on add-on prices. Working with a large Turkish bank to test SMS direct marketing promotions to 108,000 existing checking account holders, we find that messages promoting a large discount on the overdraft interest rate reduce...

Persistent link: https://www.econbiz.de/10011168904

Housing Collateral, Credit Constraints and Entrepreneurship - Evidence from a Mortgage Reform

Laerkholm Jensen, Thais; Leth-Petersen, Søren; Nanda, … - C.E.P.R. Discussion Papers - 2014

individual-level micro data from Denmark. The reform allows us to disentangle the role of credit access from wealth effects that …

Persistent link: https://www.econbiz.de/10011084236

Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area

Adam, Klaus; Zhu, Junyi - C.E.P.R. Discussion Papers - 2014

, wealth inequality in the EA decreases with unexpected inflation, although in some countries (Austria, Germany and Malta …

Persistent link: https://www.econbiz.de/10011084690

Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets

Black, Sandra; Devereux, Paul J.; Lundborg, Petter; … - C.E.P.R. Discussion Papers - 2015

education arising from a Swedish compulsory schooling reform in the 1950s and 1960s, and the wealth holdings of the population …

Persistent link: https://www.econbiz.de/10011249373

Cross Sectional Facts for Macroeconomists

Krueger, Dirk; Perri, Fabrizio; Pistaferri, Luigi; … - C.E.P.R. Discussion Papers - 2009

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After …

Persistent link: https://www.econbiz.de/10008509469

Wealth Holdings and Portfolio Allocation of Older Couples: The Role of Spouses’ Marital History

Ulker, Aydogan - Research School of Economics, College of Business and … - 2004

This paper analyses the role of the elderly couples’ past marital history in determining their current wealth holdings … the life cycle. While the net cost of divorce in terms of household wealth accumulation is higher for men than it is for … couples’ marital history plays a minor role in explaining the dispersion in their wealth holdings near the end of the life …

Persistent link: https://www.econbiz.de/10004968013

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