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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
. We study in an experiment with 336 kindergarten children, aged three to six years, whether intertemporal choice behavior …
Persistent link: https://www.econbiz.de/10011345372
According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the … than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains …
Persistent link: https://www.econbiz.de/10011401662
In this paper we investigate how observable cognitive skills influence the development of strategic sophistication. To answer this question, we study experimentally how psychometric measures of theory-of-mind and cognitive ability (or 'fluid intelligence') work together with age to determine the...
Persistent link: https://www.econbiz.de/10011816598
We investigate how childhood cognitive skills affect strategic sophistication and adult outcomes. In particular, we emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven hundred children in a variety of strategic...
Persistent link: https://www.econbiz.de/10012497802
income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch … households. The survey contains rich information on house-hold wealth, pension rights and savings attitudes. A result of the …
Persistent link: https://www.econbiz.de/10010262338
-person households (e.g. with a husband and a wife) from the Dutch CentER Savings Survey, we find that wives find saving for old age more …
Persistent link: https://www.econbiz.de/10010262446
international wage differentials and preferences for origin. We use a model of job search, savings and migration to show that job …
Persistent link: https://www.econbiz.de/10010268921
-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …
Persistent link: https://www.econbiz.de/10010269590
This paper analyzes data from a novel field experiment designed to test the impact of two different insurance products … situation can be closely monitored, but that it might be a very important complement when savings inhibit observing financial …
Persistent link: https://www.econbiz.de/10010282235