In this paper we measure the probability of a household to fall into one of the groups of households categorized by the subjective perception of income from which households save at different rates. The multinomial logit regression function is used to analyze the degree of satisfaction from...

This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets, and total net worth) on consumption. The study uses longitudinal household-level data -- from the Panel Study of Income Dynamics (PSID) -- covering about 7,000-9,000...

The chapter examines how the various dimensions of economic inequality between men and women are analyzed today. Beyond the gender wage gap—a central issue—and of course the still far from equal sharing of housework, the chapter also reviews research on gender inequality in access to...

During the Polish economy transformation process a lot of reforms have been implemented, including those connected with pension system. But future pensioners should not, unfortunately, trust in high rate of future pensions received from pensioner system, much earlier, individually should take...

During the Polish economy transformation process a lot of reforms have been implemented, including those connected with pension system. Th e pension system was based on two obligatory pillars. So-called the second pillar of pension security was supposed to guarantee future humane pension (at an...

Financial literacy is the knowledge and skills required to manage one's financial resources effectively. Financial literacy is more important than ever in today’s fast-paced world, especially for the younger generation. The younger generation in India is a crucial demographic group that is...

Prior research has found that job loss, as proxied for by regional unemployment rates, is a weak predictor of mortgage default. In contrast, using micro data from the PSID, this paper finds that job loss and adverse financial shocks are important determinants of mortgage default. Households with...

Significant parts of populations in developed countries frequently worry and ruminate about their finances. Financial worry and rumination can have serious psychological consequences, resulting in lower psychological well-being, mental-health problems, and impaired cognitive functioning. The...

Financial literacy is essential for making key financial decisions related to saving, borrowing, and investment. Although numerable studies have been conducted to find elements of financial literacy, most of them focus on developed countries. This study aims to determine characteristics that...

Portuguese Abstract: Este estudo utiliza dados do Survey of Consumer Finances (SCF) de 2007 e 2013 para examinar a propensão à poupança das famílias americanas no período de pré e pós-crise econômica, baseado-se no modelo de dois períodos de consumo/poupança de Bowman, Minehart e Rabin...