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Endogenous financial literacy, saving and stock market participation
Spataro, Luca; Corsini, Lorenzo - Volkswirtschaftliche Fakultät, … - 2013
, savings and stock market participation are interconnected decisions. However, to the best of our knowledge, a theoretical …
Persistent link: https://www.econbiz.de/10011113360
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Measuring Macroeconomic Uncertainty in Zimbabwe
Bonga, Wellington Garikai - 2019
What matters to economic decision-making is whether the economy has become more or less predictable. People and businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be associated with increased concern about extreme...
Persistent link: https://www.econbiz.de/10012866688
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Individual wealth accumulation: Why does dining together as a family matter?
Chatterjee, Swarn; Palmer, Lance; Goetz, Joseph - Volkswirtschaftliche Fakultät, … - 2010
This study uses data from the Panel Study of Income Dynamics to examine whether self-regulation, proxied by regularly dining together with family, is associated with better financial preparedness and greater wealth accumulation across time among households. Findings reveal that individuals who...
Persistent link: https://www.econbiz.de/10008695094
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Do Hypothetical Experiences Affect Real Financial Decisions? Evidence from Insurance Take-up
Cai, Jing; Song, Changcheng - Volkswirtschaftliche Fakultät, … - 2013
This paper uses a novel experimental design to study the effect of hypothetical personal experience on the adoption of a new insurance product in rural China. Specifically, we conduct a set of insurance games with a random subset of farmers. Our findings show that playing insurance games...
Persistent link: https://www.econbiz.de/10011109780
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Hyperbolic discounting and the sustainability of rotational savings arrangements
Basu, Karna - Volkswirtschaftliche Fakultät, … - 2008
People across the developing world join rotational savings and credit associations (roscas) to fund repeated purchases … from these groups. I model a rosca as a commitment savings device for hyperbolic discounters. Roscas are attractive for two …
Persistent link: https://www.econbiz.de/10008596359
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Time Compression
Aadland, David; Shaffer, Sherrill - Volkswirtschaftliche Fakultät, … - 2010
Economists have generally ignored the notion that perceived time may differ from clock time. Borrowing from the behavioral psychology literature, we investigate the case of time compression whereby perceived time passes more quickly than actual time. A framework is presented to embed time...
Persistent link: https://www.econbiz.de/10008866112
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Expectations-Based Reference-Dependent Life-Cycle Consumption
Pagel, Michaela - Volkswirtschaftliche Fakultät, … - 2013
life, consumption is low due to a first-order precautionary-savings motive, but as uncertainty resolves, this motive is …
Persistent link: https://www.econbiz.de/10011110628
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Games With Possibly Naive Hyperbolic Discounters
Haan, Marco; Hauck, Dominic - Volkswirtschaftliche Fakultät, … - 2014
We propose a solution concept for games that are played among hyperbolic discounters that are possibly naive about their own, or about their opponent's future time inconsistency. Our perception-perfect equilibrium essentially requires each player to take an action consistent with the subgame...
Persistent link: https://www.econbiz.de/10011112832
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Loan Refusal, Household Income and Savings in Ghana
Koomson, Isaac; Annim, Samuel Kobina; Peprah, James Atta - Volkswirtschaftliche Fakultät, … - 2014
problem. This study analyses the effect of household income and savings on loan refusal and the intensity of loan refusal in … income and savings inversely relate to loan refusal and the intensity of loan refusal at their respective significance levels …. It is also shown that low-income and low-savings households are more likely to be discouraged from loan applications than …
Persistent link: https://www.econbiz.de/10011110329
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An evaluation of policies to reduce fiscal pressure induced by population ageing in Australia
Bell, William Paul - Volkswirtschaftliche Fakultät, … - 2005
Population ageing increases fiscal pressure by increasing the aged to working-age ratio, which simultaneously reduces the growth in government revenue and increases government social outlays. This study evaluates proposed tax and economic growth policies to meet the population ageing induced...
Persistent link: https://www.econbiz.de/10011258581