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Households' financial resilience, risk perceptions, and financial literacy : evidence from a survey experiment

Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2023 - This version: 21 December 2023

We examine the financial resilience of Austrian households, relating it to their experience of financial shocks earlier in life and to their financial literacy. We find that previous negative (positive) financial shocks are negatively (positively) related to financial resilience. Financial...

Persistent link: https://www.econbiz.de/10014473206

Linking savings behavior, confidence and individual feedback : a field experiment in Ethiopia

Avdeenko, Alexandra; Bohne, Albrecht; Frölich, Markus - 2019

In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing … savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as … health, education, and agricultural investments. We causally identify a strong increase in savings to a soft commitment …

Persistent link: https://www.econbiz.de/10012126111

Household bargaining, pension contributions and retirement expectations : evidence from the German Panel on Household Finances

Fernandes, Inês; Schmidt, Tobias - 2021

In this paper, we study the relationship between intrahousehold bargaining styles, bar-gaining power and individual pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household Finances (PHF) survey. The paper builds on a theoretical...

Persistent link: https://www.econbiz.de/10012697947

How will 401(k) pension plans affect retirement income?

Samwick, Andrew; Skinner, Jonathan - In: The American economic review 94 (2004) 1, pp. 329-343

Persistent link: https://www.econbiz.de/10002034961

Disparities in financial literacy, pension planning, and saving behavior

Bucher-Koenen, Tabea; Hackethal, Andreas; Kasinger, Johannes - 2022

. Average savings increase|especially for the financially less literate. We conclude that simplification of pension information … can potentially reduce disparities in pension planning and savings behavior. …

Persistent link: https://www.econbiz.de/10013399826

Show what you risk - norms for risk taking

Grimm, Stefan - 2018

Most economic decisions are embedded in a specific social context. In many such contexts, individual choices are influenced by their observability due to underlying social norms and social image concerns. This study investigates the impact of choices being observed, compared to anonymity of...

Persistent link: https://www.econbiz.de/10011930435