Showing 1 - 10 of 1,120
We examine the effect of joining the European Union on individual life satisfaction in Bulgaria and Romania in the … life satisfaction in Bulgaria and had a positive but statistically insignificant effect in Romania. One explanation is that … context of the 2007 EU enlargement. Although EU membership is among the most important events in Bulgaria and Romania's modern …
Persistent link: https://www.econbiz.de/10011449769
Using the 2010-2018 waves of the China Family Panel Studies, we investigate the impact of housing unaffordability on subjective well-being (SWB) among Chinese adolescents aged 10-15. Using a combined methodology of propensity score matching and fixed effects and instrumental variable...
Persistent link: https://www.econbiz.de/10013259775
Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is time which enables and restricts individual activities and is a further brick to a more comprehensive picture of individual well-being. In our study we focus on a prominent part...
Persistent link: https://www.econbiz.de/10011978752
Family and intergenerational relationships are becoming increasingly important as sources of support and care for the elderly population in the rapidly aging Asian societies. However, this has also raised concern over the reinforcement of cultural preferences for sons as a source of old-age...
Persistent link: https://www.econbiz.de/10014250292
We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on average, positive causal treatment...
Persistent link: https://www.econbiz.de/10012206609
' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment … condition, it also projects retirement income based on defined-contribution savings, prominently displays the gap between …
Persistent link: https://www.econbiz.de/10013470207
effects on financial literacy and awareness of market prices. The probability of saving and savings deposits are not affected …
Persistent link: https://www.econbiz.de/10014311951
Using data from 74 countries, we uncover important differences in the association between financial literacy and preferences by the level of economic development. We find that patience is only salient in wealthier countries, i.e. countries with their GDP per capita above the sample median. In...
Persistent link: https://www.econbiz.de/10012648266
Using a US nationally representative sample of over 6,000 adults from 26 countries of ancestry, we find a strong association between their financial literacy in the US and the financial literacy level in their self-reported country of ancestry. More specifically, if an individual from a country...
Persistent link: https://www.econbiz.de/10012237342
A series of crises, culminating with COVID-19, shows that going "Beyond GDP" is urgently necessary. Social and environmental degradation are consequences of emphasizing GDP as a measure of progress. This degradation created the conditions for the COVID-19 pandemic and limited the efficacy of...
Persistent link: https://www.econbiz.de/10012803715