Showing 1 - 10 of 53
their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …
Persistent link: https://www.econbiz.de/10011584824
their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …
Persistent link: https://www.econbiz.de/10012062081
decisions, while life expectancy information influences only annuity choices. We provide some evidence that many people are …
Persistent link: https://www.econbiz.de/10013470540
in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would …
Persistent link: https://www.econbiz.de/10010482081
We show that exposure to anti-capitalist ideology can exert a lasting influence on attitudes towards capital markets and stock-market participation. Utilizing novel survey, bank, and broker data, we document that, decades after Germany's reunification, East Germans invest significantly less in...
Persistent link: https://www.econbiz.de/10015061531
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and … retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences … strongly influenced by numerous incentives produced by the pension system and macroeconomic variables, such as the statutory …
Persistent link: https://www.econbiz.de/10011891939
shopping processes. We combine a green nudge with a novel data enrichment strategy and a modern causal machine learning method … efficacy of a novel green nudge. Subsequently, we fuse the data from about 50,000 customers with publicly-available aggregate … the administration of the green nudge. We report two main findings: First, our field study shows that the large …
Persistent link: https://www.econbiz.de/10013547892
shopping processes. We combine a green nudge with a novel data enrichment strategy and a modern causal machine learning method … efficacy of a novel green nudge. Subsequently, we fuse the data from about 50,000 customers with publicly-available aggregate … the administration of the green nudge. We report two main findings: First, our field study shows that the large …
Persistent link: https://www.econbiz.de/10013415462
Investors' return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic agents' mental models - their subjective understanding - of the stock market, drawing on surveys with the US general...
Persistent link: https://www.econbiz.de/10014416010
In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both the theoretical and empirical findings in order to understand why this...
Persistent link: https://www.econbiz.de/10011823319