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Property taxation, bounded rationality and house prices

Elinder, Mikael; Persson, Lovisa - 2014

projected - in line with tax capitalization theory - that the tax decrease would lead to significant increases in house prices …. We estimate price responses and capitalization degrees, using various DID strategies, in which the price dynamics of … reduction. Our results are largely inconsistent with capitalization theory. For the majority of properties, we find no evidence …

Persistent link: https://www.econbiz.de/10010391445

Self-Assessed Financial Literacy in Housing Markets

Abramson, Boaz - 2019

This paper introduces a novel dimension of household heterogeneity that plays an important role in housing markets. Households who self-assess themselves to be more financially literate are 1) more likely to own a house and 2) take on higher leverage on their home. We solve a heterogeneous agent...

Persistent link: https://www.econbiz.de/10012865607

Risk Tolerance and Goals-Based Savings Behavior of Households : The Role of Financial Literacy

Chatterjee, Swarn - 2017

This study uses a national dataset to examine the association among risk tolerance, financial literacy, and goals-based savings behavior of households. The results indicate that three out of five households do not have any emergency funds set aside, and about half the households have not...

Persistent link: https://www.econbiz.de/10012962957

Financial Literacy among Young Generation in Bangalore - A Study

Irfan, Syed Bilal; Banu, Neha; Tazeer, Mohammed - 2023

Financial literacy is the knowledge and skills required to manage one's financial resources effectively. Financial literacy is more important than ever in today’s fast-paced world, especially for the younger generation. The younger generation in India is a crucial demographic group that is...

Persistent link: https://www.econbiz.de/10014351405

Filippini, Massimo - 2019

Bounded rationality is an example of an important behavioral failure responsible for the energy-efficiency gap, whereby agents under-invest in energy-efficient technologies. One means of addressing this is by improving the energy-related financial literacy of households, which is defined as the...

Persistent link: https://www.econbiz.de/10012891445

Filippini, Massimo; Kumar, Nilkanth; Srinivasan, Suchita - 2019 - Last revision: March 1, 2019

Persistent link: https://www.econbiz.de/10011987127

Social transmission of financial decision making skills : a case of the blind leading the blind?

Ambuehl, Sandro; Bernheim, Bert Douglas; Ersoy, Fulya; … - 2017

Previous research shows that many people seek financial advice from non-experts, and that peer interactions influence financial decisions. We investigate whether such influences are beneficial, harmful, or simply haphazard. In our laboratory experiment, face-to-face commu- nication with a...

Persistent link: https://www.econbiz.de/10011646349

Self-control, financial literacy and the co-holding puzzle

Gathergood, John; Weber, Joerg - 2012

We use UK household survey data incorporating measures of financial literacy and behavioural characteristics to analyse the puzzling co-existence of high cost revolving consumer credit alongside low yield liquid savings in household balance sheets, which we term the 'co-holding puzzle'....

Persistent link: https://www.econbiz.de/10009535534

Self-Control, Financial Literacy and Consumer Over-Indebtedness

Gathergood, John - 2012

This paper examines the relationship between self-control, financial literacy and over-indebtedness on consumer credit debt among a sample of U.K. consumers using data from a household survey. Both lack of self-control and financial illiteracy are positively associated with non-payment of...

Persistent link: https://www.econbiz.de/10013114543

Financial Literacy and Indebtedness : New Evidence for U.K. Consumers

Gathergood, John - 2011

We utilise questions concerning individual ‘debt literacy' incorporated into market research data on households' unsecured debt positions to examine the association between consumer credit and individual financial literacy. We examine the relationship between individual responses to debt...

Persistent link: https://www.econbiz.de/10013124682

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