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Financial literacy : Thai middle class women do not lag behind

Grohmann, Antonia; Hübler, Olaf; Kouwenberg, Roy; … - 2016

This research studies the stylized fact of a "gender gap" in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap. This result is not explained by men's low financial literacy, nor by women's high income and...

Persistent link: https://www.econbiz.de/10011553048

Financial literacy and financial behavior : evidence from the emerging Asian middle class

Grohmann, Antonia - 2017 - This version: November, 2017

countries, but understanding of more advanced financial concepts is lower. Similarly, savings accounts are held by most people …

Persistent link: https://www.econbiz.de/10011755401

The effect of peer observation on consumption choices : experimental evidence

Grohmann, Antonia; Sakha, Sahra - 2015

This paper investigates the impact of peer observation on the consumption decisions of rural households in Thailand using a lab-in-the-field experiment. We find that those groups that observe each other show lower within group standard deviation in their decisions. Thus, we find evidence for...

Persistent link: https://www.econbiz.de/10011392209

The effect of peer observation on consumption choices experimental evidence

Grohmann, Antonia; Sakha, Sahra - 2015 - Updated version

This paper investigates the impact of peer observation on consumption decisions of rural households in Thailand using a lab-in-the-field experiment. We find that observing groups show lower within group standard deviation. Thus, we provide evidence for conformity. Further, we find that...

Persistent link: https://www.econbiz.de/10012041128

Childhood roots of financial literacy

Grohmann, Antonia; Kouwenberg, Roy; Menkhoff, Lukas - 2015

Financial literacy predicts informed financial decisions, but what explains financial literacy? We use the concept of financial socialization and aim to represent three major agents of financial socialization: family, school and work. Thus we compile twelve relevant childhood characteristics in...

Persistent link: https://www.econbiz.de/10011334469

Savings goal calendars as soft commitment devices : evidence from small business owners in Uganda

Grohmann, Antonia; Lakemann, Tabea; Seitz, Helke - 2020

This study examines the effect of a soft commitment device in the form of a savings goal calendar on savings for small … calendar designed to set savings goals and to make a plan to reach this goal. The control group is given a plain calendar. We … find no average effect on savings, but show that present-biased individuals save more when given the calendar. Further …

Persistent link: https://www.econbiz.de/10012384567

Financial literacy and intra-household decision making : evidence from Rwanda

Grohmann, Antonia; Schoofs, Annekathrin - 2018

Despite considerable policy efforts, women continue to be underrepresented in positions of power and decision making. As an important aspect of women empowerment, we examine women’s participation in intrahousehold financial decision making and how this is affected by financial literacy. Using...

Persistent link: https://www.econbiz.de/10011789331

The effect of social comparison on debt taking : experimental evidence

Grohmann, Antonia; Koch, Melanie - 2022

A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we disentangle two mechanisms by performing a lab experiment designed to study the effects of...

Persistent link: https://www.econbiz.de/10012816002

Earn more tomorrow : overconfidence, income expectations and consumer indebtedness

Grohmann, Antonia; Menkhoff, Lukas; Merkle, Christoph; … - 2023

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German households (GSOEP-IS). This motivates a laboratory...

Persistent link: https://www.econbiz.de/10014468921