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Stated and revealed heterogeneous risk preferences in educational choice
Fossen, Frank M.; Glocker, Daniela - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010249634
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Corona and the stability of personal traits and preferences : evidence from Germany
Frondel, Manuel; Osberghaus, Daniel; Sommer, Stephan - 2021
Based on panel data on around 5,500 German household heads originating from four years, this paper analyzes whether the experience of financial losses due to the Corona pandemic has affected three kinds of personal traits and preferences: the willingness to take risks, patience, and the locus of...
Persistent link: https://www.econbiz.de/10012492848
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Intertemporal consumption and debt aversion : a replication and extension
Ahrens, Steffen; Bosch-Rosa, Ciril; Meissner, Thomas - 2022
We replicate Meissner (2016) where debt aversion was reported for the first time in an intertemporal consumption and saving problem. While Meissner (2016) uses a German sample, our subjects are US undergraduate students. All of the main findings from the original study replicate, with similar...
Persistent link: https://www.econbiz.de/10012799407
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Intertemporal consumption and debt aversion : a replication and extension
Ahrens, Steffen; Bosch-Rosa, Ciril; Meissner, Thomas - 2022
We replicate Meissner (2016) where debt aversion was reported for the first time in an intertemporal consumption and saving problem. While Meissner (2016) uses a German sample, our subjects are US undergraduate students. All of the main findings from the original study replicate with similar...
Persistent link: https://www.econbiz.de/10013191573
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How do households allocate their assets? : stylized facts from the eurosystem household finance and consumption survey
Arrondel, Luc; Bartiloro, Laura; Fessler, Primin; … - 2014
Using the Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households’ wealth in fifteen … holds risky assets. The ownership rates of all asset categories generally increase with wealth (and income). The … significance of inheritances for wealth accumulation is remarkable and underlines its key role in the process of persistent wealth …
Persistent link: https://www.econbiz.de/10010384151
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Is local bias a cross-border phenomenon? : evidence from individual investors’ international asset allocation
Baltzer, Markus; Stolper, Oscar; Walter, Andreas - 2013
Extant literature consistently documents that investors tilt their domestic equity portfolios towards regionally close stocks (local bias). We hypothesize that individual investors’ local bias is not limited to the domestic sphere but instead also determines their international investment...
Persistent link: https://www.econbiz.de/10009740268
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Patience and comparative development
Sunde, Uwe; Dohmen, Thomas; Enke, Benjamin; Falk, Armin; … - 2021
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10013189598
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The pattern of home ownership across cohorts and its impact on the net wealth distribution : empirical evidence from Germany and the US
Alik-Lagrange, Arthur; Schmidt, Tobias - 2015
In this empirical paper we analyze the link between homeownership across cohorts and the net wealth distribution. In … particular we are interested in the effect of the pattern of ownership across cohorts. Given that wealth accumulates over the … cohorts, should be related to current wealth levels and inequality. In order to gauge the effect of the ownership structure …
Persistent link: https://www.econbiz.de/10011285421
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Trends in intergenerational home ownership and wealth transmission
Blanden, Jo; Eyles, Andrew; Machin, Stephen - 2021
Persistent link: https://www.econbiz.de/10012509953
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Wealth and subjective well-being in Germany
Jantsch, Antje; Le Blanc, Julia; Schmidt, Tobias - 2022
Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic … satisfaction as an indicator of subjective well being and households’ wealth. We contribute to the scarce literature on wealth and … well-being using micro-data from the German wealth survey, Panel on Household Finances - PHF, for 2010 and 2014. Using …
Persistent link: https://www.econbiz.de/10013171766