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Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I investigate the key factors that cause individuals to experience financial distress. In this context, a key area that I focus on is whether individuals’ behavioural traits, such as...
Persistent link: https://www.econbiz.de/10011605349
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10010308561
We exploit the natural experiment of the 2005 income tax reform in Germany to study the effects of tax incentives on consumer behavior in life insurance markets. Our empirical analysis of sociodemographic, economic, and psychological household characteristics elicited in the German SAVE study...
Persistent link: https://www.econbiz.de/10010281497
We investigate the causal effect of financial literacy on financial assets, exploiting banks information policies for identification. In Italy, banks who belong to the PattiChiari consortium have implemented policies aimed at increasing transparency and procedural simplification. These policies...
Persistent link: https://www.econbiz.de/10010289931
This paper empirically investigates the relevance of social interaction and caste affiliation for individual awareness of financial instruments and investment behavior in India. The results of our empirical analysis, which is based on a large scale survey on saving patterns of Indians, suggest a...
Persistent link: https://www.econbiz.de/10010291106
The paper evaluates the political and economic incentives to conclude the EU-Mexico Free Trade Agreement (FTA). It … the EU is likely to gain much more than Mexico. … EU und Mexiko bewertet. Dafür werden die europäische und mexikanische Handelspolitik analysiert und der multilaterale …
Persistent link: https://www.econbiz.de/10010295609
This paper examines the relationship between trade liberalisation and migration in the case of Mexico. The increasing … bilateral trade between Mexico and the United States after signing the North American Free Trade Agreement (NAFTA) was supposed … for illegal migration. The results indicate that increasing trade flows cause larger illegal migration from Mexico to the …
Persistent link: https://www.econbiz.de/10011422132
activity in Mexico is measured using regional coincident indexes recently developed at Banco de México, while US aggregate …
Persistent link: https://www.econbiz.de/10010322545
's academic performance using the case of Mexico. In general, access to free health insurance could improve education outcomes …
Persistent link: https://www.econbiz.de/10010322549
During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of … Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the 'Tequila crisis') in …
Persistent link: https://www.econbiz.de/10010322576