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The Eurozone fiscal crisis has created pressure for institutional harmonization, but skeptics argue that cultural predispositions can prevent convergence in behavior. Our paper derives a robust cultural classification of European countries and utilizes unique data on natives and immigrants....
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behavior are found across cultural groups, controlling for household characteristics. Financial behavior tends to converge with …
Persistent link: https://www.econbiz.de/10010372577
behavior are found across cultural groups, controlling for household characteristics. Financial behavior tends to converge with …
Persistent link: https://www.econbiz.de/10010403682
Persistent link: https://www.econbiz.de/10011772759
There is increasing interest in applying lessons learned from household finance to the design of regulation, both … within and across international borders. However, household financial decisions are complex, interdependent, and … literature on household finance, beginning with the theory and empirics of asset market participation and asset allocation over …
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