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Households' financial resilience, risk perceptions, and financial literacy : evidence from a survey experiment

Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2023 - This version: 21 December 2023

We examine the financial resilience of Austrian households, relating it to their experience of financial shocks earlier in life and to their financial literacy. We find that previous negative (positive) financial shocks are negatively (positively) related to financial resilience. Financial...

Persistent link: https://www.econbiz.de/10014473206

Vulnerability in a stochastic dynamic model

Elbers, Chris; Gunning, Jan Willem - 2003 - Rev.

Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...

Persistent link: https://www.econbiz.de/10011334363

Household savings decision and income uncertainty

Beznoska, Martin; Ochmann, Richard - 2010

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …

Persistent link: https://www.econbiz.de/10009261306

Income Uncertainty and Precautionary Saving : Evidence from Household Rotating Panel Data

Albarran, Pedro - 2001

The aim of this paper is to analyse precautionary saving associated with income risk over the last two decades in Spain; some empirical evidence seems to point to the extension of temporary job contracts in those years as an important source of uncertainty for Spanish households. I use a...

Persistent link: https://www.econbiz.de/10014138389

Household Savings Decision and Income Uncertainty

Beznoska, Martin - 2010

Persistent link: https://www.econbiz.de/10013138012

Policy Uncertainty and Precautionary Savings : Does a Possible Reduction of the Mortgage Interest Deduction Increase Savings in the Netherlands?

Mastrogiacomo, Mauro - 2015

We analyze whether uncertainty related to the outcome of future policy results in precautionary saving. We focus on an important cause of policy uncertainty for households in the Netherlands: the possible limitation of the mortgage interest deduction. To isolate the effect of policy uncertainty...

Persistent link: https://www.econbiz.de/10013017789