Showing 1 - 10 of 191
, savings, length of stay in the U.S., and citizenship status affect the probability of homeownership before the recession and …
Persistent link: https://www.econbiz.de/10009763229
This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth … accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor …
Persistent link: https://www.econbiz.de/10010228778
Partnering with a savings product provider in Kenya, we tested the extent to which behavioral interventions and … participants were asked to keep track of their weekly deposits (3) a match of weekly savings: The match was either 10% or 20% up to …
Persistent link: https://www.econbiz.de/10011497226
In this paper we analyze a mechanism that is particularly relevant to the workings of the Great Recession: we explain how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of job search with liquid wealth accumulation and...
Persistent link: https://www.econbiz.de/10010222189
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal …
Persistent link: https://www.econbiz.de/10012262648
, savings, labor supply, leisure, type of relationship, divorce, and intermarriage. Predictions are based on Demand and Supply …
Persistent link: https://www.econbiz.de/10011572290
Time-inconsistent, present-biased agents may hold commitment assets hoping to keep their current and future present bias in check. Paternalistic governments, in an effort to help such people, routinely offer commitment machinery such as restrictions (or bans) on early withdrawals from...
Persistent link: https://www.econbiz.de/10012203129
age for women born after 1951 in Germany, we show evidence of a reduction in private savings rate and an increase in …
Persistent link: https://www.econbiz.de/10012133536
Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...
Persistent link: https://www.econbiz.de/10003719622