Similar Search Results

Earn more tomorrow : overconfident income expectations and consumer indebtedness

Grohmann, Antonia; Menkhoff, Lukas; Merkle, Christoph; … - 2019

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income expectations by letting income depend on relative...

Persistent link: https://www.econbiz.de/10012033567

Precautionary savings and wealth accumulation with parameter uncertainty and learning

Sampson, Michael J. - 1994

Persistent link: https://www.econbiz.de/10013427975

The ratchet effect, the market for senior workers, and intertemporal commitment

Kanemoto, Yoshitsugu; MacLeod, W. Bentley - 1987

Persistent link: https://www.econbiz.de/10003533169

The ratchet effect in social dilemmas

Gallier, Carlo; Sturm, Bodo - 2020

In this paper, we investigate whether dynamic incentive schemes lead to a ratchet effect in a social dilemma. We test whether subjects strategically restrict their contribution levels at the beginning of a cumulative public goods game in order to avoid high obligations in the future and how this...

Persistent link: https://www.econbiz.de/10012196294

Habit formation and the Pareto-efficient provision of public goods

Aronsson, Thomas; Schöb, Ronnie - 2017

This paper examines the implications of habit formation in private and public consumption for the Pareto-efficient provision of public goods, based on a two-period model with nonlinear taxation. If the public good supply is time-invariant, the presence of habit formation generally alters the...

Persistent link: https://www.econbiz.de/10011587590

Precautionary savings and wealth accumulation with parameter uncertainty and learning

Sampson, Michael J. - 1994

This paper considers the intertemporal consumption/savings decision when income follows a random walk with drift and the drift coefficient is unknown. Instead agents are Bayesian learners, combining prior and sample information to form a posterior for the drift coefficient and future income....

Persistent link: https://www.econbiz.de/10011621319

Household saving behavior and credit constraints in the Euro area

Le Blanc, Julia; Porpiglia, Alessandro; Teppa, Federica; … - 2014

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new harmonized data set collecting detailed information on...

Persistent link: https://www.econbiz.de/10010388544

Consumption smoothing and the welfare cost of uncertainty

Alem, Yonas; Colmer, Jonathan - 2015

Persistent link: https://www.econbiz.de/10011410330

Aggregate consumption behaviour in a life cycle model with non-additive recursive utility

Zin, Stanley E. - 1987

Persistent link: https://www.econbiz.de/10003532789

Leisure and housing consumption after retirement : new evidence on the life-cycle hypothesis

Schreiber, Sven; Beblo, Miriam - 2016

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …

Persistent link: https://www.econbiz.de/10011455042