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How do consumers adapt to a new environment in their economic forecasting? : evidence from the German reunification
Goldfayn-Frank, Olga; Wohlfart, Johannes - 2018
Exploiting the natural experiment of the German reunification, we examine how consumers adapt to a new environment in their macroeconomic forecasting. We document that East Germans expect higher inflation and make larger forecast errors than West Germans even decades after reunification....
Persistent link: https://www.econbiz.de/10011937408
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How do consumers adapt to a new environment in their economic forecasting? : evidence from the German reunification
Goldfayn-Frank, Olga; Wohlfart, Johannes - 2019
Exploiting the natural experiment of the German reunification, we examine how consumers adapt to a new environment in their macroeconomic forecasting. We document that East Germans expect higher inflation and make larger forecast errors than West Germans even decades after reunification....
Persistent link: https://www.econbiz.de/10012317615
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Expectation Formation in a New Environment : Evidence from the German Reunification
Goldfayn-Frank, Olga - 2019
Exploiting the German reunification, we study how households adapt to a new environment in their macroeconomic forecasting. East Germans expect higher inflation than West Germans decades after reunification. These differences are likely driven by the persistent effect of the inflation shock...
Persistent link: https://www.econbiz.de/10012901060
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Household finances and well-being : an empirical analysis of comparison effects
Brown, Sarah; Gray, Daniel - 2014
This paper explores the importance of the household's financial position for an individual's level of well … household's monetary financial position on overall life satisfaction and financial well-being, with the latter being measured by … indicate that the household's level of net wealth, assets and debt are important determinants of overall life satisfaction and …
Persistent link: https://www.econbiz.de/10010413777
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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2009
hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …
Persistent link: https://www.econbiz.de/10011387313
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Household Finances and Well-Being : An Empirical Analysis of Comparison Effects
Brown, Sarah - 2014
This paper explores the importance of the household's financial position for an individual's level of well … household's monetary financial position on overall life satisfaction and financial well-being, with the latter being measured by … indicate that the household's level of net wealth, assets and debt are important determinants of overall life satisfaction and …
Persistent link: https://www.econbiz.de/10013045069
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Household bargaining, pension contributions and retirement expectations : evidence from the German Panel on Household Finances
Fernandes, Inês; Schmidt, Tobias - 2021
pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement … household resources amongst each other in retirement. Finally, our data indicate that intracouple information sharing and …
Persistent link: https://www.econbiz.de/10012697947
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Household Bargaining, Pension Contributions and Retirement Expectations : Evidence from the German Panel on Household Finances
Fernandes, Ines; Schmidt, Tobias - 2022
pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement … household resources amongst each other in retirement. Finally, our data indicate that intracouple information sharing and …
Persistent link: https://www.econbiz.de/10013310307
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Wealth distribution within couples and financial decision making
Grabka, Markus M.; Marcus, Jan; Sierminska, Eva - 2013
has the last word in financial decisions. -- wealth gap ; wealth inequality ; intra-household allocation ; gender …
Persistent link: https://www.econbiz.de/10009707605
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Wealth distribution within couples
Grabka, Markus M.; Marcus, Jan; Sierminska, Eva - 2013
While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel Study (SOEP). In married and cohabiting...
Persistent link: https://www.econbiz.de/10010195489