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The jobs that youth want and the support they need to get them : evidence from a discrete choice experiment in Kenya

Elzir Assy, Angela; Ribeiro, Tiago; Robalino Aguirre, … - 2019

This paper presents the main results of three Discrete Choice Experiments designed to estimate youth preferences for … took place in urban areas in Kenya. We find that youth, in general, prefer to work in jobs that have the attributes of … youth demand to facilitate access to wage employment include jobs search assistance and training on soft-skills, followed by …

Persistent link: https://www.econbiz.de/10012151813

Crowdsourcing financial information to change spending behavior

D'Acunto, Francesco; Rossi, Alberto; Weber, Michael - 2019

We document five effects of providing individuals with crowdsourced spending information about their peers (individuals with similar characteristics) through a FinTech app. First, users who spend more than their peers reduce their spending significantly, whereas users who spend less keep...

Persistent link: https://www.econbiz.de/10011982228

Perceived precautionary savings motives : evidence from FinTech

D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2020

Persistent link: https://www.econbiz.de/10012220035

Perceived precautionary savings motives : evidence from FinTech

D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2020

We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...

Persistent link: https://www.econbiz.de/10012171775

Greater Than the Sum of Its Parts : Aggregate vs. Aggregated Inflation Expectations

Dietrich, Alexander M.; Knotek, Edward S.; Myrseth, … - National Bureau of Economic Research - 2023

This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on nearly 60,000 respondents, our data comprise the early...

Persistent link: https://www.econbiz.de/10014436953

Households' Response to the Wealth Effects of Inflation

Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2023

We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...

Persistent link: https://www.econbiz.de/10014372429

Managing Households' Expectations with Unconventional Policies

D’Acunto, Francesco - 2020

With a binding effective lower bound on interest rates and large government deficits, conventional policies are unviable and policymakers resort to unconventional policies, which target households' expectations directly. Using unique micro data and a difference-in-differences strategy, we assess...

Persistent link: https://www.econbiz.de/10012481594

Perceived Precautionary Savings Motives : Evidence from FinTech

D’Acunto, Francesco - 2020

Persistent link: https://www.econbiz.de/10012482026

A Temporary VAT Cut as Unconventional Fiscal Policy

Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - National Bureau of Economic Research - 2021

We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on households' consumption expenditures and their perceived...

Persistent link: https://www.econbiz.de/10012660119

Human Frictions in the Transmission of Economic Policies

D'Acunto, Francesco; Hoang, Daniel; Paloviita, Maritta; … - National Bureau of Economic Research - 2021

Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...

Persistent link: https://www.econbiz.de/10012629499