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Consuming dividends
Bräuer, Konstantin; Hackethal, Andreas; Hanspal, Tobin - 2020 - Current version: May 2020
This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on financial behavior. We find that private...
Persistent link: https://www.econbiz.de/10012223798
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Household economic decisions under the shadow of terrorism
Christelis, Dimitris; Georgarakos, Dimitris - 2009
on personal care products by females in couples). -- Terrorism ; Expectations ; Household Finance ; Demand Analysis …
Persistent link: https://www.econbiz.de/10003864066
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The display of information and household investment behavior
Shaton, Maya - 2016
I exploit a natural experiment to show that household investment decisions depend on the manner in which information is …
Persistent link: https://www.econbiz.de/10011709245
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Does product familiarity matter for participation?
Fuchs-Schündeln, Nicola; Chaliasos, Michaēl - 2014
. This paper uses household-level data from the 'experiment' of German reunification that (exogenously) offered to East …-unification participation of former East and West Germans in financial products, controlling for relevant household characteristics. We vary …
Persistent link: https://www.econbiz.de/10010384336
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Structured Products for the Retail Market : Regulatory Implications of Investor Innumeracy & Consumer Information Processing
Olazábal, Ann Morales - 2010
Financial innovations have resulted in an explosion in the number of so-called structured products being offered in the retail marketplace. To explain the complex structure of these hybrid debt securities, their prospectuses frequently employ numerical examples to illustrate the investment's...
Persistent link: https://www.econbiz.de/10013145541
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How Does Consumer Bankruptcy Protection Impact Household Outcomes?
Parra, Carlos - 2020
Chapter 7 bankruptcy, the main debt relief program for U.S. households, provides more than $150 billion in debt relief each year, yet its impact on consumers remains unclear. Using unique hand-collected data from individual bankruptcy petitions, I employ a regression discontinuity design to...
Persistent link: https://www.econbiz.de/10012855345
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Are the Consumption Patterns of Elderly Households Consistent with a Life-Cycle Model?
Mok, Chiu-Fui - 2016
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
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Signaling Status : The Impact of Relative Income on Household Consumption and Financial Decisions
Bricker, Jesse - 2014
This paper investigates the importance of status in household consumption and financial decisions using household data … evidence that a household's income rank — its position in the income distribution relative to its close neighbors — is … household's portfolio. More aggregate county-level evidence based on a dataset of every new car sold in each county in the …
Persistent link: https://www.econbiz.de/10013046477
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Disentangling the Effect of Housing on Household Stock Holdings : Evidence from Japanese Micro Data
Iwaisako, Tokuo - 2018
Using Japanese household micro survey data during 2000-2015, this paper examines the effects of housing on household … differences in average land price indices across housing markets in the year in which household portfolios are measured and those …
Persistent link: https://www.econbiz.de/10012929347
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The Role of Household Debt Heterogeneity on Consumption : Evidence from Japanese Household Data
Nakajima, Jouchi - 2018
This paper estimates the impact of household debt on consumption behaviour using data from the Japanese Preference …-looking questions about key risks to income, shedding light on the motives for household savings behaviour. The analysis finds that … household marginal propensities to consume (MPCs) were significantly higher for highly-indebted Japanese households than for …
Persistent link: https://www.econbiz.de/10012914109