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We analyse a long panel of households' stock market beliefs to gain insights into the nature of their expectations formation processes. We classify respondents into one of five groups based on their data and estimate group-wise models of expectations formation. Two of the groups are at opposite...
Persistent link: https://www.econbiz.de/10011996781
We conduct field experiments with retail investors recruited from a social trading platform. In our main experiment, we first elicit beliefs about the returns to active investing. We then generate exogenous variation in beliefs by providing treated respondents with information about index funds...
Persistent link: https://www.econbiz.de/10013536190
asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …
Persistent link: https://www.econbiz.de/10013168051
Persistent link: https://www.econbiz.de/10003624695
Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market … performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient …
Persistent link: https://www.econbiz.de/10011399478
to getaccess to resources without support from unemployment compensation. Analysing a household survey from 1995, we find … that the household formation response of the unemployed is the critical way in which they assure access to resources. In … particular, unemployment delays the setting up of an individual household of young people, in some cases by decades. It also …
Persistent link: https://www.econbiz.de/10011399582
In 1998 the Norwegian government introduced a program that increased parents' incentives to stay home with children under the age of three. Many eligible children had older siblings, and we investigate how this program affected long-run educational outcomes of the older siblings. Using...
Persistent link: https://www.econbiz.de/10009752998
analysis of household behavior utilizes a modified version of Gary Becker s model of the household as a combined producer-consumer. …
Persistent link: https://www.econbiz.de/10011514007
Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric … German micro-data on household expenditure to estimate equivalence scales as a specific example. Our results show that …
Persistent link: https://www.econbiz.de/10010458584
information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household’s total …
Persistent link: https://www.econbiz.de/10010479336