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Proud to not own stocks : how identity shapes financial decisions

Henkel, Luca; Zimpelmann, Christian - 2023

This paper introduces a key factor influencing households' decision to invest in the stock market: how people view stockholders. Using surveys we conducted with nearly 8,500 individuals from eleven countries, we document that a large majority of respondents view stockholders negatively - they...

Persistent link: https://www.econbiz.de/10014309586

Does education improve financial outcomes? : evidence from stock market and retirement accounts in Türkiye

Aydemir, Abdurrahman; Ersan, Yasar - 2025

We examine the causal effect of education on financial outcomes related to stock markets and retirement savings, leveraging a major compulsory school reform and a unique data set covering the universe of investors in Türkiye. The estimates show no effects on participation rates, portfolio...

Persistent link: https://www.econbiz.de/10015407743

Investigating the asymmetric impact of oil prices on GCC stock markets

Ben Cheikh, Nidhaleddine; Ben Naceur, Samy; Kanaan, … - 2020

This paper investigates the presence of asymmetric relationship between oil price movements and Gulf Cooperation Council (GCC) stock markets. We propose the implementation of nonlinear vector smooth transition regression (VSTR) models which offer a greater flexibility when modelling the possible...

Persistent link: https://www.econbiz.de/10012314956

Discounting financial literacy : time preferences and participation in financial education programs

Meier, Stephan (contributor); Sprenger, Charles (contributor) - 2008

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

The wealth and asset holdings of US-born and foreign-born housholds : evidence from SIPP data

Cobb-Clark, Deborah A.; Hildebrand, Vincent A. - 2002

SIPP data are used to analyze the wealth of the U.S. foreign-born population. We find that the median wealth level of U.S.-born couples is 2.3 times the median of foreign-born couples, while the median wealth level of U.S.-born singles is three times that of foreign-born singles. Further, there...

Persistent link: https://www.econbiz.de/10011415568

Reconciling trends in U.S. male earnings volatility : results from survey and administrative data

Moffitt, Robert A.; Bollinger, Christopher R.; Hokayem, … - 2022

There is a large literature on earnings and income volatility in labor economics, household finance, and macroeconomics …. One strand of that literature has studied whether individual earnings volatility has risen or fallen in the U.S. over the … data. Using common specifications, measures of volatility, and other treatments of the data, four of the six data series …

Persistent link: https://www.econbiz.de/10012887281

Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises

Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010-2012 sovereign debt crisis. Using newly available data linking over...

Persistent link: https://www.econbiz.de/10010229932

Earnings instability of job stayers and job changers

Leonardi, Marco (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001838244

Modelling heterogeneity and dynamics in the volatility of individual wages

Hospido, Laura - 2010

This paper presents a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is proposed. The expression for a modified likelihood...

Persistent link: https://www.econbiz.de/10003936729

House price volatility and the housing ladder

Banks, James; Blundell, Richard W.; Oldfield, Zoë; … - 2010

This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...

Persistent link: https://www.econbiz.de/10009006946