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Trust and the choice between housing and financial assets : evidence from Spanish households

Attar, Mayssun el; Poschke, Markus - 2010

Trusting behavior has been shown to affect households' portfolio choice between risky and risk-free financial assets. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households' portfolios, real estate. In a simple model, we show how the...

Persistent link: https://www.econbiz.de/10009153590

Locus of control and savings

Cobb-Clark, Deborah A.; New, Sonja C. de; Sinning, Mathias - 2013

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 about the controllability of life events and is a...

Persistent link: https://www.econbiz.de/10010228778

Household asset holding diversification in Australia

Mariotti, Francesco; Mumford, Karen; Pena-Boquete, Yolanda - 2014

We explore asset holding diversification by Australian households, in particular, the household asset diversification participation decision (whether or not to diversify at all) is jointly estimated with the decision of how much to diversify. In so doing, recent literature on the modelling of...

Persistent link: https://www.econbiz.de/10010379946

Locus of control and investment in risky assets

Salamanca, Nicolás; Grip, Andries de; Fouarge, Didier; … - 2016

We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and possible confounders such as financial literacy,...

Persistent link: https://www.econbiz.de/10011594548

Early health, risk aversion and stock market participation

Böckerman, Petri; Conlin, Andrew; Svento, Rauli - 2019

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

Locus of control and consistent investment choices

Pinger, Pia; Schäfer, Sebastian; Schumacher, Heiner - 2018

We document that an internal locus of control can be hindering in financial market situations, where short-term outcomes are determined by chance. The reason is that internally controlled individuals may tend to (over-)react to random outcomes. Our evidence is based on an experiment in which...

Persistent link: https://www.econbiz.de/10011865329

Higher-order beliefs and risky asset holdings

Gorodnichenko, Yuriy; Yin, Xiao - 2024

We combine a customized survey and randomized controlled trial (RCT) to study the effect of higher-order beliefs on U.S. retail investors' portfolio allocations. We find that investors' higher-order beliefs about stock market returns are correlated with but distinct from their first-order...

Persistent link: https://www.econbiz.de/10014580789

IC technology and learning : an impact evaluation of cl ssi2.0

Checchi, Daniele; Rettore, Enrico; Girardi, Silvia - 2015

In this paper we present a counterfactual evaluation of the effect of ICT resources at school on student achievements conducted in Italy. In 2009 156 classes at 6th grade were endowed with additional resources earmarked for purchasing ICT equipments only. By selecting an equivalent number of...

Persistent link: https://www.econbiz.de/10010510702

Divorce: what does learning have to do with it?

Marinescu, Ioana E. - 2015

Learning about marriage quality has been proposed as a key mechanism for explaining how the probability of divorce … divorce, three of which include learning. I use data from the Survey of Income and Program Participation to test reduced form … implications of these models. The data is inconsistent with models including a substantial amount of learning. On the other hand …

Persistent link: https://www.econbiz.de/10010529488

Child labor and learning

Emerson, Patrick M.; Ponczek, Vladimir; Souza, André … - 2013

This paper investigates the impact of working while in school on learning outcomes through the use of a unique micro … learning outcomes is addressed through the use of a difference-in-difference estimator and it is shown that the results are … robust. A negative and significant effect of working on learning outcomes in both math and Portuguese is found. The effects …

Persistent link: https://www.econbiz.de/10009792987

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