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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/10012977336
only marginally significant, are not robust across time, and are not clearly consistent with the incentives inherent in the … health. Comparison with 2002 results suggests the incentives to reallocate assets may have weakened over time …
Persistent link: https://www.econbiz.de/10013134282
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/10013136779
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice is associated with a reallocation of wealth away from real estate and towards bonds and stocks, especially when households seek financial advice "for investments". Having a...
Persistent link: https://www.econbiz.de/10014258262
of Becker's theory to model preferences over continuous time blocks. To examine whether the predictions of the model are …Most activities in life require a certain amount of continuous time. Yet, in the traditional economic model of time … allocation, the time block is not taken into account. Hence, the same amount of utility is derived from an activity regardless of …
Persistent link: https://www.econbiz.de/10013099783
This paper investigates, both theoretically and empirically, the effect of sociability on the age of marriage. Theoretically, a more sociable individual has higher chances of finding a suitable partner for marriage early in life, and hence is expected to marry earlier than an otherwise similar...
Persistent link: https://www.econbiz.de/10013104957
We show that temporally distancing the decision task from the payment of the reward increases honest behavior. Each of 427 Israeli soldiers fulfilling their mandatory military service rolled a six-sided die in private and reported the outcome to the unit's cadet coordinator. For every point...
Persistent link: https://www.econbiz.de/10013083383
. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision … making. Thus, we induce sleepiness in our subjects via sleep restriction as well as suboptimal time-of-day prior to …
Persistent link: https://www.econbiz.de/10012947720
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10013109435
We examine the timing of firms' operations in a formal model of labor demand. Merging a variety of data sets from Portugal from 1995-2004, we describe temporal patterns of firms' demand for labor and estimate production-functions and relative labor-demand equations. The results demonstrate the...
Persistent link: https://www.econbiz.de/10013324733