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This paper is the first to non-experimentally establish a causal relationship between households’ mortality beliefs and subsequent savings and consumption decisions. Motivated by prior literature on the effect of personal experiences on individual’s expectation formation, I exploit the death...
Persistent link: https://www.econbiz.de/10013292543
In this paper, we analyze how kinship among family members affects intergenerational cooperation in a public good game … game in three different treatments: one in which three members of the same family play each other (family), a second with … the youth and two non-family members but preserving the previous generational structure (intergenerational), and a third …
Persistent link: https://www.econbiz.de/10012995591
Persistent link: https://www.econbiz.de/10003218216
Persistent link: https://www.econbiz.de/10014557387
This paper documents extensive commitment to mandatory debt repayment. In a natural experiment in which households can apply for free mortgage-payment flexibility for one to twelve months, 43 percent of applicants choose a dominated option of short flexibility. I argue that short flexibility...
Persistent link: https://www.econbiz.de/10013239314
We study whether and how parents interfere paternalistically in their children's intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children's present bias and aim to mitigate it. Using a novel method to measure...
Persistent link: https://www.econbiz.de/10012403892
We adapt the design of five experimental studies on retirement decision-making and conduct reproductions with a larger sample from the broader population. We reproduce most of the main effects of the original studies. In particular, we find that consumption decisions are less efficient when...
Persistent link: https://www.econbiz.de/10013491806
Scarcity is a ubiquitous experience, and existing evidence largely suggests that people become more myopic when they feel their resources are scarce. Importantly, evidence for this proposition comes primarily from contexts in which scarcity threatens needs that require resources imminently. The...
Persistent link: https://www.econbiz.de/10013492265
I design a debt relief experiment that randomizes forbearance term and interest rates independently in a 2-by-2-by-2 design for delinquent borrowers. Forbearance take-up prevents one in three defaults in the first month with no long-run effects beyond expiration. Before expiration forbearance...
Persistent link: https://www.econbiz.de/10013311334
As policy-makers grapple with whether or not to forgive student debt, for who, and how much, it is important to explore how student debt forgiveness would relate to intended household decisions and behaviors. We conducted a survey experiment that asked participants with student debt to imagine a...
Persistent link: https://www.econbiz.de/10013405375