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Don't expect too much - high income expectations and over-indebtedness
Klühs, Theres; Koch, Melanie; Stein, Wiebke - 2019
Household indebtedness is rising worldwide. This study investigates one possible driver of this increase that is rooted in the theory of permanent income: high income expectations. We collect data from an emerging country, Thailand, as (over-) indebtedness in markets with incomplete financial...
Persistent link: https://www.econbiz.de/10012126240
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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
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Poverty and transitions in health
Adena, Maja; Myck, Michał - 2013
Using a sample of Europeans aged 50+ from twelve countries in the Survey of Health, Ageing and Retirement in Europe … analysed. In addition to this the subjective measure of poverty has a significant effect on mortality, increasing it by 40 …Wir untersuchen den Einfluss materieller Umstände auf die Gesundheit der Bevölkerung 50+ in Europa. Dafür analysieren …
Persistent link: https://www.econbiz.de/10009782757
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Non-additivity of subjective expectations over different time intervals
Haan, Peter; Sun, Chen; Sunde, Uwe; Weizsäcker, Georg - 2022
We examine the additivity of stock-market expectations over different time intervals. When asked about a ten-year interval, survey respondents expect a stock-price change that is not equal to, but closer to zero than, the sum of their expectations over two shorter time intervals that cover the...
Persistent link: https://www.econbiz.de/10014458819
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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
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Households' expectations and regional COVID-19 dynamics
Cato, Misina; Schmidt, Tobias - 2023 - 16.01.2023
In this paper we analyze how consumers in Germany updated expectations about in aflation in response to the COVID-19 outbreak. We use a fixed effects model to estimate the effect of regional exposure to COVID-19 cases, the stringency of restriction measures and local unemployment rates on...
Persistent link: https://www.econbiz.de/10014227597
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Does consumption decline at retirement? : evidence from repeated cross-section data for Germany
Beznoska, Martin; Steiner, Viktor - 2012
The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...
Persistent link: https://www.econbiz.de/10009559647
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The effect of saving subsidies on household saving : evidence from Germany
Corneo, Giacomo; Keese, Matthias; Schröder, Carsten - 2010
Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax …
Persistent link: https://www.econbiz.de/10003952553
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Household saving behavior and credit constraints in the Euro area
Le Blanc, Julia; Porpiglia, Alessandro; Teppa, Federica; … - 2014
than households living in Continental Europe. Household characteristics and institutional macroeconomic variables are …
Persistent link: https://www.econbiz.de/10010388544
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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