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A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10003829113
To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995-2010. We find that persons predisposed...
Persistent link: https://www.econbiz.de/10012006166
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a …
Persistent link: https://www.econbiz.de/10011594548
This paper analyses the relation between individual migrations and the risk attitudes of other household members when … migration is a household decision. We develop a simple model that implies that which member migrates depends on the distribution … of risk attitudes among all household members, and that the risk diversification gain to other household members may …
Persistent link: https://www.econbiz.de/10011625338
We ran a field experiment to investigate whether nudge policies, consisting in behavioural insight messaging, help to improve performance in financial trading. Our experiment involved students enrolled in a financial trading course in an Italian University who were invited to trade on Borsa...
Persistent link: https://www.econbiz.de/10011731904
Using a longitudinal study of 1,900 Peruvian children, I show that children who grow up in a household where mothers …
Persistent link: https://www.econbiz.de/10012231607
reference level of marriage expenditure for such families. Using the 2013 China Household Finance Survey data, we find that a 0 …
Persistent link: https://www.econbiz.de/10011607605
category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …
Persistent link: https://www.econbiz.de/10011594575
. Combining these estimates with data on Spanish households' financial decisions from the Survey of Household Finances (EFF …
Persistent link: https://www.econbiz.de/10009153590
We explore asset holding diversification by Australian households, in particular, the household asset diversification … doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household …
Persistent link: https://www.econbiz.de/10010379946