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Is Patience Malleable via Educational Intervention? Evidence on the Role of Age in Field Experiments
Kaiser, Tim; Menkhoff, Lukas; Oberrauch, Luis - 2023
We study the age-dependent malleability of patience via educational interventions designed to foster financial decision … heterogenous effects by age: adults' patience and discount factors are unaffected by the intervention after 15 months follow …-up, but we observe large effects on patience and estimated discount factors and field saving behavior for youth. In the meta …
Persistent link: https://www.econbiz.de/10014377302
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Parenting Values Moderate the Intergenerational Transmission of Time Preferences
Brenøe, Anne Ardila; Epper, Thomas - 2019
find substantial transmission of patience from parents to children, which is insensitive to the inclusion of comprehensive … parents, authoritarian and permissive parents transmit patience to their offspring. Meanwhile, parental involvement is not an …
Persistent link: https://www.econbiz.de/10012141345
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The impact of education on the subjective discount rate in Ugandan villages
Bauer, Michal; Chytilová, Julie - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10010268981
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Order Effects in Eliciting Preferences
Kopsacheilis, Orestis; Goerg, Sebastian J. - 2023
patience and altruism while using quantitative items first increases the cross-method correlation for risk and time preferences …
Persistent link: https://www.econbiz.de/10014377246
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The Impact of Education on the Subjective Discount Rate in Ugandan Villages
Bauer, Michal; Chytilová, Julie - Institute for the Study of Labor (IZA) - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10004999928
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Moving Out of the Comfort Zone: How Cultural Norms Affect Attitudes toward Immigration
Giesing, Yvonne; Kauder, Björn; Mergele, Lukas; … - 2024
We examine how cultural norms shape attitudes toward immigration. Our causal identification relies on comparing students who moved across the East-West border after German reunification with students who moved within former East Germany. Students who moved from East to West became more positive...
Persistent link: https://www.econbiz.de/10014534015
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Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission
Hintermaier, Thomas; Koeniger, Winfried - 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/10012179936
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Stock Market Returns and Consumption
Di Maggio, Marco; Kermani, Amir; Majlesi, Kaveh - 2018
This paper employs Swedish data on households' stock holdings to investigate how consumption responds to changes in stock market returns. We instrument the actual capital gains and dividend payments with past portfolio weights. Unrealized capital gains lead to a marginal propensity to consume...
Persistent link: https://www.econbiz.de/10011816629
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Life Cycle Saving and Dissaving Revisited across Three-Tiered Income Groups: Starting Hypotheses, Refinement through Literature Review, and Ideas for Empirical Testing
Holzmann, Robert; Ayuso, Mercedes; Alaminos, Estefanía; … - 2019
The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...
Persistent link: https://www.econbiz.de/10012141291
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Accounting for Limited Commitment between Spouses When Estimating Labor-Supply Elasticities
Bredemeier, Christian; Gravert, Jan; Juessen, Falko - 2021
The Frisch elasticity of labor supply can be estimated by regressing hours worked on the hourly wage rate, controlling for consumption of the individual worker. However, most household panel surveys contain consumption information only at the household level. We show that proxying individual...
Persistent link: https://www.econbiz.de/10012597372