Similar Search Results

Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations

Hanspal, Tobin - 2020

, desired working hours, and household debt, but have only small effects on expected spending. We provide correlational and … household exposure to stock market crashes for expectation formation …

Persistent link: https://www.econbiz.de/10012835653

Hidden Skewness: On the Difficulty of Multiplicative Compounding under Random Shocks

Ensthaler, Ludwig; Nottmeyer, Olga; Weizsäcker, Georg; … - 2014

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or ignore it completely. Participants...

Persistent link: https://www.econbiz.de/10010352421

Perceived Wealth, Cognitive Sophistication and Behavioral Inattention

Assenza, Tiziana - 2020

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance sheet profiles may be perceived as non fungible in a controlled frictionless environment with no probabilistic attributes. A large majority of subjects indeed have a bias in...

Persistent link: https://www.econbiz.de/10012845685

Furlough and Household Financial Distress During the Covid-19 Pandemic

Görtz, Christoph; McGowan, Danny; Yeromonahos, Mallory - 2021

We study how furlough affects household financial distress during the COVID-19 pandemic. Furlough increases the …

Persistent link: https://www.econbiz.de/10013212266

Income and Wealth Shocks and Expectations during the COVID-19 Pandemic

Hanspal, Tobin; Weber, Annika; Wohlfart, Johannes - 2020

effect of the coronavirus crisis on household income and retirement wealth, households' expectations about the recovery, and …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household … upward adjustments in expectations about household debt, desired working hours, and retirement age. Finally, respondents …

Persistent link: https://www.econbiz.de/10012208009

Inherited Wealth and Demographic Aging

Onder, Harun; Pestieau, Pierre - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10011522484

Private investment in higher education: comparing alternative funding schemes

Eckwert, Bernhard; Zilcha, Itzhak - 2008

This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...

Persistent link: https://www.econbiz.de/10010264435

Cash Transfer Programs and Household Labor Supply

Boca, Daniela Del - 2020

a conditional cash transfer program (CCT) to low-income families with dependent children on household members' labor …

Persistent link: https://www.econbiz.de/10012834995

Gender Norms and Income Misreporting within Households

Roth, Anja - 2019

We show that the discontinuity in the distribution of surveyed female income shares at the margin where a woman would outearn her partner is primarily driven by norm induced misreporting in surveys. We draw on unique Swiss data combining survey and administrative information for the same...

Persistent link: https://www.econbiz.de/10012892274

Competition for Promotion Can Induce Household Specialization between Equally Competitive Spouses

Bastani, Spencer; Dickmanns, Lisa; Giebe, Thomas; … - 2022

asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …

Persistent link: https://www.econbiz.de/10013293277

1
2
3
4
5
6
7
8
9
10
Next
Last