Showing 1 - 10 of 12
The purpose of this paper is to examine whether the increase in the proportion of U.S. households with financial obligations greater than 40% of income was due to mistakes or over-optimism. The proportion of households paying more than 40% of income for debt, rent, vehicle leases, property...
Persistent link: https://www.econbiz.de/10013097838
Persistent link: https://www.econbiz.de/10001071106
Persistent link: https://www.econbiz.de/10011312342
Persistent link: https://www.econbiz.de/10011629534
Persistent link: https://www.econbiz.de/10002976859
We examine the effects of self-control mechanisms on saving behavior using the 2013 Survey of Consumer Finances (SCF), following the assumptions of research that analyzed the 1998 SCF. Self-control mechanisms include saving goals, foreseeable expenses, and saving rules. We find a positive effect...
Persistent link: https://www.econbiz.de/10012952444
This study examines the factors affecting household saving, extending previous research by adding measures of consumer optimism to the variables previous investigators used to analyze saving behavior. In addition to expectations about household income and the economy, we create an optimism...
Persistent link: https://www.econbiz.de/10013020420
A life-cycle savings model was tested to analyze consumption patterns of elderly U.S. households, using the 1990 and 1991 BLS Interview Survey of Consumer Expenditures. The model implies substantial, planned decreases in consumption after retirement, regardless of income patterns. The empirical...
Persistent link: https://www.econbiz.de/10012986420
This study explored saving behavior among low-income households through the institutional theory of saving behavior by (1) determining asset differences between saving and non-saving households, (2) exploring factors related to saving behavior, and (3) identifying differences between two saving...
Persistent link: https://www.econbiz.de/10013097790
This study investigated the effect of objective and subjective financial literacy on mortgage payment delinquency using the 2015 National Financial Capability Study dataset. A hierarchical model showed a substantial negative effect of objective literacy on delinquency, but subjective literacy...
Persistent link: https://www.econbiz.de/10012897977