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A Social Norm Nudge to Save More: A Field Experiment at a Retail Bank
Dur, Robert A. J.; Fleming, Dimitry; van Garderen, Marten; … - 2019
A large fraction of households have very little savings buffer and are therefore vulnerable to financial shocks. We examine whether a social norm nudge can stimulate such households to save more by running a small-scale survey experiment and a large-scale field experiment at a retail bank in the...
Persistent link: https://www.econbiz.de/10012114816
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Competing Risks in a Time on the Market Analysis
de Wit, Erik R. - 2010
Theoretical models on the selling process in the housing market are scarce. Taylor (1999) specifies a model where time-on-the-market gives a quality signal of the house to potential buyers if inspection outcomes of the house are not public. We specify a duration model with competing risks, where...
Persistent link: https://www.econbiz.de/10010326079
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Who is at the Top? Wealth Mobility over the Life Cycle
Hochguertel, Stefan; Ohlsson, Henry - 2012
Who is wealthy? This paper presents empirical estimates of household movements into and out of the top percents of the wealth distribution over individual life cycles. There are life-cycle motives and precautionary motives for wealth accumulation. The opportunities to accumulate wealth create...
Persistent link: https://www.econbiz.de/10010326502
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Mapping the Minds of Retirement Planners
Hershey, Douglas A.; Henkens, Kène; van Dalen, Hendrik P. - 2006
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch … analysis models to identify the mechanisms that underlie perceived financial preparedness for retirement. Findings revealed … psychological and retirement planning constructs, but also in the robustness of the path models. These findings suggest that policy …
Persistent link: https://www.econbiz.de/10010325344
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Savings Adequacy Uncertainty: Driver or Obstacle to Increased Pension Contributions?
van Schie, Ron J.G.; Donkers, Bas; Dellaert, Benedict G.C. - 2012
Deciding how much to save for retirement is a difficult task that includes many uncertainties. In this paper, we use … retirement savings contributions and information search processes. We combine ideas from the literature in psychology and … economics that provide opposing predictions regarding the impact of uncertainty on retirement savings contributions. Our results …
Persistent link: https://www.econbiz.de/10010326496
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SHE can't afford it and HE doesn't want it: The gender gap in the COVID-19 consumption response
Huber, Stefanie - 2022
This paper explores whether and why the pandemic differentially altered women and menÕs consumption behavior. After the 2020 wave of lockdown restrictions were lifted, women reduced consumption more than men. Data on self-reported reasons for consuming less reveals that gender differences in...
Persistent link: https://www.econbiz.de/10013356485
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Intergenerational Risk Sharing with Market Liquidity Risk
Dimitrov, Daniel - 2022
allocation decision for retirement, and show that illiquidity reduces the range of transferable shocks between generations and …
Persistent link: https://www.econbiz.de/10013356484
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Intergenerational Sharing of Unhedgeable Inflation Risk
Chen, Damiaan H.J.; Beetsma, Roel M.W.J.; van … - 2022
We explore how members of a collective pension scheme can share inflation risks in the absence of suitable financial market instruments. Using intergenerational risk sharing arrangements, risks can be allocated better across the various participants of a collective pension scheme than would be...
Persistent link: https://www.econbiz.de/10014321763
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The Impact of Financial Education for Youth in Ghana
Berry, James; Karlan, Dean; Pradhan, Menno - 2015
We evaluate, using a randomized trial, two school-based financial literacy education programs in government-run primary and junior high schools in Ghana. One program integrated financial and social education, whereas the second program only offered financial education. Both programs included a...
Persistent link: https://www.econbiz.de/10011288396
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Be patient when measuring Hyperbolic Discounting: Stationarity, Time Consistency and Time Invariance in a Field Experiment
Janssens, Wendy; Kramer, Berber; Swart, Lisette - 2015
Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic discounting is a plausible explanation for choice reversals...
Persistent link: https://www.econbiz.de/10011403555