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Financial Literacy, Retirement Planning, and Household Wealth
van Rooij, Maarten - 2011
savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
Persistent link: https://www.econbiz.de/10013121050
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Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands
Alessie, Rob J. M. - 2011
We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for...
Persistent link: https://www.econbiz.de/10013124236
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Demographic Patterns and Household Saving in China
Curtis, Chadwick - 2011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We undertake a quantitative investigation using an overlapping generations (OLG) model where agents live for 85 years. Consumers begin to exercise decision making when they are 18....
Persistent link: https://www.econbiz.de/10013129127
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Identifying the Benefits from Home Ownership : A Swedish Experiment
Sodini, Paolo - 2016
This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their...
Persistent link: https://www.econbiz.de/10012978099
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Household Saving Behavior : The Role of Financial Literacy, Information, and Financial Education Programs
Lusardi, Annamaria - 2008
, African-Americans, and Hispanics. Moreover, close to half of older workers do not know which type of pensions they have and …
Persistent link: https://www.econbiz.de/10012772702
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Pension Wealth and Household Savings : Tests of Robustness
Dicks-Mireaux, Louis - 2010
saving. Yet there is no clear consensus on the impact of pensions on private saving. In this paper we show how beliefs about … private savings and about the magnitude of the displacement effect. Using data for 8,279 Canadian households, and estimates of …
Persistent link: https://www.econbiz.de/10012763063
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Aggregate Fertility and Household Savings : A General Equilibrium Analysis Using Micro Data
Banerjee, Abhijit V. - 2014
critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the … aggregate fertility on household savings …
Persistent link: https://www.econbiz.de/10013053493
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International Comparative Household Finance
Badarinza, Cristian - 2016
contrasts across countries. The paper then discusses retirement savings, investments in risky assets, unsecured debt, and …
Persistent link: https://www.econbiz.de/10012997290
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Household Finance
Campbell, John Y. - 2010
The welfare benefits of financial markets depend in large part on how effectively households use these markets. The study of household finance is challenging because household behavior is difficult to measure accurately, and because households face constraints that are not captured by textbook...
Persistent link: https://www.econbiz.de/10012761660
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Why are Saving Rates so High in China?
Yang, Dennis Tao - 2011
In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA)...
Persistent link: https://www.econbiz.de/10013130270