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We estimate the effect of parental separation on the risk and trust attitudes of German adolescents using a large household survey dataset, which allows us to match respondents to their siblings and parents. Our results indicate that adolescents from separated families are less trusting but have...
Persistent link: https://www.econbiz.de/10012804345
We estimate the effect of parental separation on the risk and trust attitudes of German adolescents using a large household survey dataset, which allows us to match respondents to their siblings and parents. Our results indicate that adolescents from separated families are less trusting but have...
Persistent link: https://www.econbiz.de/10012938781
theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … find that individuals' consumption responses are significantly related to their economic situation, time preferences …
Persistent link: https://www.econbiz.de/10011433976
One important parameter in the decision process when buying a private annuity is individuals' subjective life expectancy, because it directly infuences the expected rate of return. We examine the market for private annuities in Germany and evaluate potential selection effects based on subjective...
Persistent link: https://www.econbiz.de/10010340956
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10011636261
This paper examines the purpose of remittances using individual data of migrants in Germany. Particular attention is paid to migrants' savings and transfers to family members in the home country. Our findings indicate that migrants who intend to stay in Germany only temporarily have a higher...
Persistent link: https://www.econbiz.de/10003841616
This paper investigates the co-movements of job security perceptions and household saving rates using data from the … generally accompanied by slightly lower saving which suggests that employment and financial insecurity typically go hand … saving behavior is found. This behavior is of rather small economic importance and limited to households that are somewhat …
Persistent link: https://www.econbiz.de/10009670136
uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …
Persistent link: https://www.econbiz.de/10009261306
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10014202213
theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … saving a larger proportion, in response to public debt accumulation. In the case of respondents required to pay social … macroeconomic models. Moreover, using multinominal logit regressions, we find that individuals' consumption responses are …
Persistent link: https://www.econbiz.de/10011574144