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Financial literacy : Thai middle class women do not lag behind
Grohmann, Antonia; Hübler, Olaf; Kouwenberg, Roy; … - 2016
This research studies the stylized fact of a "gender gap" in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap. This result is not explained by men's low financial literacy, nor by women's high income and...
Persistent link: https://www.econbiz.de/10011553048
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Financial literacy and intertemporal arbitrage
Oberrauch, Luis; Kaiser, Tim - 2020
We study the role of financial literacy for inter-temporal decision-making using an adapted version of the Convex Time Budget Protocol (Andreoni and Sprenger 2012). While we find no evidence of dynamically inconsistent preferences in the aggregate, we document substantial heterogeneity in...
Persistent link: https://www.econbiz.de/10012308896
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Financial literacy and financial behavior : evidence from the emerging Asian middle class
Grohmann, Antonia - 2017 - This version: November, 2017
countries, but understanding of more advanced financial concepts is lower. Similarly, savings accounts are held by most people …
Persistent link: https://www.econbiz.de/10011755401
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Household savings decision and income uncertainty
Beznoska, Martin; Ochmann, Richard - 2010
uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …
Persistent link: https://www.econbiz.de/10009261306
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Precautionary and entrepreneurial saving : new evidence from German households
Fossen, Frank M.; Rostam-Afschar, Davud - 2009
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10003874776
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Financial education affects financial knowledge and downstream behaviors
Kaiser, Tim; Lusardi, Annamaria; Menkhoff, Lukas; … - 2020
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/10012207386
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Financial literacy and intra-household decision making : evidence from Rwanda
Grohmann, Antonia; Schoofs, Annekathrin - 2018
Despite considerable policy efforts, women continue to be underrepresented in positions of power and decision making. As an important aspect of women empowerment, we examine women’s participation in intrahousehold financial decision making and how this is affected by financial literacy. Using...
Persistent link: https://www.econbiz.de/10011789331
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Childhood roots of financial literacy
Grohmann, Antonia; Kouwenberg, Roy; Menkhoff, Lukas - 2015
Financial literacy predicts informed financial decisions, but what explains financial literacy? We use the concept of financial socialization and aim to represent three major agents of financial socialization: family, school and work. Thus we compile twelve relevant childhood characteristics in...
Persistent link: https://www.econbiz.de/10011334469
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Corruption and cheating : evidence from rural Thailand
Hübler, Olaf; Koch, Melanie; Menkhoff, Lukas; Schmidt, … - 2020
This study tests the prediction that perceived corruption reduces ethical behavior. Integrating a standard "cheating" experiment into a broad household survey in rural Thailand, we find clear support for this prediction: respondents who perceive corruption in state affairs are more likely to...
Persistent link: https://www.econbiz.de/10012384531
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Does the behaviour of myopic addicts support the rational addiction model? : a simulation
Frank, Björn - 2002
Becker and Murphy (1988) constructed, in a well-known paper, a model of rational addiction in which people solve a dynamic optimization problem, choose an optimal timepath of drug consumption and thereby maximize lifetime utility. The model leads to the hypothesis that future consumption is a...
Persistent link: https://www.econbiz.de/10011436465