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When forming expectations, households may be influenced by the possibility that the information they receive is biased. In this paper, we study how individuals learn from potentially-biased statistics using data from both a natural and a survey-based experiment obtained during a period of...
Persistent link: https://www.econbiz.de/10012996463
the Netherlands. Family and government insurance reduce, but do not eliminate nonlinearities in household disposable …We document new facts about risk in male wages and earnings, household earnings, and pre- and post-tax income in the … Netherlands and the United States. We find that, in both countries, earnings display important deviations from the typical …
Persistent link: https://www.econbiz.de/10012870720
We implement a survey of Dutch households in which random subsets of respondents receive information about inflation. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect subsequent monthly consumption decisions relative to those in a...
Persistent link: https://www.econbiz.de/10012865759
personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the Dutch Central Bank Household Survey (DHS). Our … strong link to household wealth …
Persistent link: https://www.econbiz.de/10013121050
We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys …
Persistent link: https://www.econbiz.de/10013124236
Despite its importance for the analysis of life-cycle behavior, stock ownership by households is poorly understood. Among other approaches to the investigation of this puzzle, recent research has elicited the expectations of stock market returns by individuals. This paper reports findings from a...
Persistent link: https://www.econbiz.de/10013137018
We study the effect of releasing public information about productivity or monetary shocks when agents learn from nominal prices. While public releases have the benefit of providing new information, they can have the cost of reducing the informational efficiency of the price system. We show that,...
Persistent link: https://www.econbiz.de/10012770589
I use a randomized experiment to test whether information can change sexual behavior among teenagers in Kenya. Providing information on the relative risk of HIV infection by partner's age led to a 28% decrease in teen pregnancy, an objective proxy for the incidence of unprotected sex....
Persistent link: https://www.econbiz.de/10012750981
In this paper, we investigate the dynamics of informational regulatory approaches by analyzing the impact of smog alerts issued on consecutive days on discretionary outdoor activities in Southern California. Short-run adjustments to transitory risk entail costs that are likely to influence the...
Persistent link: https://www.econbiz.de/10012751334
We study a propaganda campaign sponsored by the government against the main political challenger in the days preceding the 2015 Argentine runoff presidential election. Subjects in the treatment group watched an “ad” initially aired during soccer transmissions that was part of this campaign...
Persistent link: https://www.econbiz.de/10012862050