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Optimism gone bad? : the persistent effects of traumatic experiences on investment decisions
Kim, Chi Hyun - 2021
Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly “the...
Persistent link: https://www.econbiz.de/10012543807
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The effect of social comparison on debt taking : experimental evidence
Grohmann, Antonia; Koch, Melanie - 2022
A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we disentangle two mechanisms by performing a lab experiment designed to study the effects of...
Persistent link: https://www.econbiz.de/10012816002
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Crisis impact on the diversity of financial portfolios : evidence from European citizens
Schäfer, Dorothea; Stöckel, Michael; Weser, Henriette - 2020
Since the 2008 Lehman bankruptcy, it is clearly shown that global economic and financial crises present major challenges to private households, requiring from them, a high level of shock absorption capacity. According to the old adage, "Do not put all the eggs in one basket", resilience depends,...
Persistent link: https://www.econbiz.de/10012270852
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Financial literacy and financial behavior : evidence from the emerging Asian middle class
Grohmann, Antonia - 2017 - This version: November, 2017
This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find...
Persistent link: https://www.econbiz.de/10011755401
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Rates of return and early retirement disincentives : evidence from a German pension reform
Lüthen, Holger - 2014
deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …
Persistent link: https://www.econbiz.de/10010362261
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How does maternal pension wealth affect family old-age savings in Germany?
Thiemann, Andreas - 2016
This paper examines how families adjust their private old-age savings in response to a change in individual pension wealth. The regression discontinuity approach exploits two expansions of the child care pension benefit, in 1992 and in 1999, as natural experiments. The empirical analysis is...
Persistent link: https://www.econbiz.de/10011441486
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Optimal social assistance and unemployment insurance in a life-cycle model of family labor supply and savings
Haan, Peter; Prowse, Victoria - 2015
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10010519552
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The heterogeneous effects of social assistence and unemployment insurance : evidence from a life-cycle model of family labor supply and savings
Haan, Peter; Prowse, Victoria - 2023
We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity by age, education, wealth, sex and household...
Persistent link: https://www.econbiz.de/10014305682
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Effectiveness of early retirement disincentives individual welfare, distributional and fiscal implications
Bönke, Timm; Kemptner, Daniel; Lüthen, Holger - 2017
effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that retirement behavior is strongly influenced by the level of disincentives. Further, disincentives …
Persistent link: https://www.econbiz.de/10011595496
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Time to care? : the effects of retirement on informal care provision
Fischer, Björn; Müller, Kai-Uwe - 2019
This paper analyzes the impact of a reduction in women's labor supply through retirement on their informal care … regression discontinuity design. We exploit early retirement thresholds for women in the German pension system as instruments for … their retirement decision. We find significant positive effects on informal care provided by women retiring from employment …
Persistent link: https://www.econbiz.de/10012025791