Narrow search
Showing 1 - 10 of 2,382
Cover Image
Genetic Ability, Wealth, and Financial Decision-Making
Barth, Daniel - 2017
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10012962275
Cover Image
Locus of Control and Investment in Risky Assets
Salamanca, Nicolas - 2016
larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and …
Persistent link: https://www.econbiz.de/10012977336
Cover Image
The Coming Wave : Where Do Emerging Market Investors Put Their Money?
Karolyi, George Andrew - 2015
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596
Cover Image
Welfare and Distributional Impact of Soaring Prices in Europe
Sologon, Denisa Maria; O'Donoghue, Cathal; Linden, Jules; … - 2022
This paper disentangles the distributional and welfare impact of price changes since the start of the cost of living crisis for a subset of European countries with different welfare regimes and price changes. It decomposes the impact of inflation and measures welfare changes using the...
Persistent link: https://www.econbiz.de/10014237195
Cover Image
The Effect of Firm-Level Investment on Inequality and Poverty Around the World
Tosun, Mehmet Serkan; Watson, Ethan; Yildiz, Serhat - 2022
This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a … sample of firms from 87 countries for the period from 1979 to 2018, we document that firm-level investment is negatively … investment proxies, empirical model specifications, and a variety of country-level controls. Further evidence shows that firm …
Persistent link: https://www.econbiz.de/10014238707
Cover Image
Household Finances and Social Interaction : Bayesian Analysis of Household Panel Data
Brown, Sarah - 2014
We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...
Persistent link: https://www.econbiz.de/10013051017
Cover Image
Differences in Euro-Area Household Finances and Their Relevance for Monetary-Policy Transmission
Hintermaier, Thomas - 2019
This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life-cycle incomplete-markets model with a financial asset and...
Persistent link: https://www.econbiz.de/10012859309
Cover Image
Skewness Expectations and Portfolio Choice
Drerup, Tilman H.; Wibral, Matthias; Zimpelmann, Christian - 2022
Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We provide a direct test of this prediction in a representative sample of the Dutch population. Using individual-level data on return expectations for a broad...
Persistent link: https://www.econbiz.de/10013406448
Cover Image
Occupational Choice and the Spirit of Capitalism
Doepke, Matthias - 2015
with disdain for work. We propose an economic theory of preference formation where both the divergence of attitudes across … social classes and the ensuing reversal of economic fortunes are equilibrium outcomes. In our theory, parents shape their …
Persistent link: https://www.econbiz.de/10012707835
Cover Image
Partial Insurance and Investments in Children
Carneiro, Pedro Manuel - 2015
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10013023770