Narrow search
Showing 1 - 10 of 1,565
Cover Image
Portfolio allocation in the face of a means-tested public pension
Cobb-Clark, Deborah A.; Hildebrand, Vincent A. - 2009
Is there evidence that households adjust their asset portfolios just prior to retirement in response to a means-tested public pension? We address this question by estimating a system of asset equations constrained to add up to net worth. We find little evidence that in 2006 healthy households or...
Persistent link: https://www.econbiz.de/10010274302
Cover Image
The Wealth and Asset Holdings of U.S.- Born and Foreign-Born Households: Evidence from SIPP Data
Cobb-Clark, Deborah A.; Hildebrand, Vincent A. - 2003
SIPP data are used to analyze the wealth of the U.S. foreign-born population. We find that the median wealth level of U.S.-born couples is 2.3 times the median of foreign-born couples, while the median wealth level of U.S.-born singles is three times that of foreign-born singles. Further, there...
Persistent link: https://www.econbiz.de/10010274276
Cover Image
Efficient probit estimation with partially missing covariates
Conniffe, Denis; O'Neill, Donal - 2009
A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10010269313
Cover Image
Household finances and the "Big Five" personality traits
Brown, Sarah; Taylor, Karl - 2011
We explore the relationship between household finances and personality traits from an empirical perspective. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality traits on financial decision-making at the individual...
Persistent link: https://www.econbiz.de/10010282544
Cover Image
Remittances and portfolio values: An inquiry using Spanish immigrants from Africa, Europe and the Americas
Amuedo-Dorantes, Catalina; Pozo, Susan - 2012
Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values. This behavior suggests that immigrants are sophisticated economic optimizers who take advantage of opportunities to invest trans-nationally given the networks that immigrants are...
Persistent link: https://www.econbiz.de/10010284020
Cover Image
Exponent of cross-sectional dependence: Estimation and inference
Bailey, Natalia; Kapetanios, George; Pesaran, Hashem - 2012
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10010282124
Cover Image
A Structural Empirical Model of Firm Growth, Learning, and Survival
Abbring, Jaap H.; Campbell, Jeffrey R. - 2003
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In …
Persistent link: https://www.econbiz.de/10010262756
Cover Image
Do women manage smaller funds?
Hübler, Olaf; Menkhoff, Lukas - 2010
Based on a sample of 467 asset managers from four countries we robustly find that women manage smaller funds than men …, despite tough competition in this industry. Interestingly, the gender gap exists only for managers of smaller funds, i.e. at … area of smaller funds or to visibility among top asset managers protecting against unequal treatment of the sexes. …
Persistent link: https://www.econbiz.de/10010269574
Cover Image
Discounting financial literacy: time preferences and participation in financial education programs
Meier, Stephan; Sprenger, Charles D. - 2008
Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...
Persistent link: https://www.econbiz.de/10010276778
Cover Image
The Saving Behaviour of Two Person Households: Evidence from Dutch Panel Data
Euwals, Rob; Börsch-Supan, Axel; Eymann, Angelika - 2000
As wives generally are younger than their husbands, and as they also have a higher life expectancy, wives generally have larger incentives to save for old age than their husbands. This paper analyses the household members? attitudes towards saving for old age, and the relation with the household...
Persistent link: https://www.econbiz.de/10010262446