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The financial decisions of immigrant and native households : evidence from Italy
Bertocchi, Graziella; Brunetti, Marianna; Zaiceva, Anzelika - 2018
Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but only above the median of the wealth distribution, with...
Persistent link: https://www.econbiz.de/10011950811
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The financial decisions of immigrant and native households : evidence from Italy
Bertocchi, Graziella; Brunetti, Marianna; Zaiceva, Anzelika - 2018
Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but only above the median of the wealth distribution, with...
Persistent link: https://www.econbiz.de/10012154394
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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
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Optimism gone bad? : the persistent effects of traumatic experiences on investment decisions
Kim, Chi Hyun - 2021
Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly “the...
Persistent link: https://www.econbiz.de/10012543807
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Optimism gone bad? : the persistent effects of traumatic experiences on investment decisions
Kim, Chi Hyun - 2021
Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly "the...
Persistent link: https://www.econbiz.de/10012607996
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Financial literacy and suboptimal financial decisions at older ages
Fong, Joelle H.; Koh, Benedict SK.; Mitchell, Olivia S.; … - 2019
Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …
Persistent link: https://www.econbiz.de/10012113846
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Financial Competence, Risk Presentation and Retirement Portfolio Preferences
Bateman, Hazel - 2011
We investigate risk presentations in retirement savings decisions using a discrete choice experiment where subjects …
Persistent link: https://www.econbiz.de/10013128927
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Economic Rationality, Risk Presentation, and Retirement Portfolio Choice
Bateman, Hazel - 2011
allocating retirement savings within a compulsory defined contribution retirement plan. The paper develops the implications and … retirement savings scheme. The experiment finds overall rates of violation of roughly 25%, and substantial variation in rates … contribution retirement schemes, where the future welfare of current workers depends on quantitative decision-making skills that a …
Persistent link: https://www.econbiz.de/10013128935
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Old age and the decline in financial literacy
Finke, Michael; Howe, John S.; Huston, Sandra J. - In: Management science : journal of the Institute for … 63 (2017) 1, pp. 213-230
Persistent link: https://www.econbiz.de/10011646421
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Billions on the sidewalk : improving savings by reducing investment mistakes
Panizza, Ugo - 2015
This paper contributes the on-going debate on income inequality in advanced economies with a proposal aimed at reducing costly investment mistakes that are prevalent among middle-class households. The paper starts by describing how households should invest, compares it with what we know about...
Persistent link: https://www.econbiz.de/10011339155