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Policy uncertainty and information flows : evidence from pension reform expectations
Ciani, Emanuele; Delavande, Adeline; Etheridge, Ben; … - 2019
Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers …' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We …-level representative survey data on expectations about future reforms and countrylevel data on online search. We find: (1) Expectations are …
Persistent link: https://www.econbiz.de/10012104108
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Policy uncertainty and information flows : evidence from pension reform expectations
Ciani, Emanuele; Delavande, Adeline; Etheridge, Ben; … - 2019
Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers …' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We …-level representative survey data on expectations about future reforms and country-level data on online search. We find: (1) Expectations …
Persistent link: https://www.econbiz.de/10012110463
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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
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Households' risk perceptions, overplacement, and financial literacy
Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2024
Household financial resilience is related to the availability of financial resources but also to the ability to anticipate and assess future situations and prepare for them accordingly. Overplacement describes the tendency of individuals to rate themselves better than others, i.e. they believe...
Persistent link: https://www.econbiz.de/10015075031
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E-Commerce, Cyber, and Electronic Payment System Risks : Lessons from PayPal
Trautman, Lawrence J. - 2017
By now, almost without exception, every business has an internet presence, and is likely engaged in e-commerce. What are the major risks perceived by those engaged in e-commerce and electronic payment systems? What potential risks, if they become reality, may cause substantial increases in...
Persistent link: https://www.econbiz.de/10012974064
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Model for reputational risk for subsidiaries of non-public group with reciprocal shareholding
Piotr, Staszkiewicz - Volkswirtschaftliche Fakultät, … - 2012
The paper presents the model for reputational risk for subsidiaries of non-public group with reciprocal shareholding within the Basel Accord. A test for lack of reputation risk is presented. Proposal for quantification of the non-measurable risk has been outline first for the case of the...
Persistent link: https://www.econbiz.de/10009397185
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UNDER-DIVERSIFICATION AND THE ROLE OF BEST REPLY TO PATTERN
Ben-Zion, Uri; Erev, Ido; Haruvy, Ernan; SHAVIT, TAL - Economics Department, Ben Gurion University of the Negev - 2007
Three experiments are presented that compare alternative explanations to the coexistence of risk aversion and under-diversification in investment decisions. The participants were asked to select one of several assets under two feedback conditions. In each case, one asset was a weighted...
Persistent link: https://www.econbiz.de/10008568088
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Risk aversion, uncertainty, unemployment insurance benefit and duration of "wait" unemployment
Wang, Tan; Wirjanto, Tony S. - In: Annals of economics and finance 17 (2016) 1, pp. 1-34
Persistent link: https://www.econbiz.de/10011538690
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Disentangling the importance of the precautionary saving motive
Kennickell, Arthur; Lusardi, Annamaria - 2005
We evaluate the importance of the precautionary saving motive by relying on a direct question about precautionary wealth from the 1995 and 1998 waves of the Survey of Consumer Finances. In this survey, a new question has been designed to elicit the amount of desired precautionary wealth. This...
Persistent link: https://www.econbiz.de/10010298329
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Precautionary saving and the marginal propensity to consume out of permanent income
Carroll, Christopher D. - 2009
The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income. Intuition suggests that, knowing this, optimizing agents will fully adjust their spending immediately upon experiencing a permanent shock. However, this paper shows that if consumers...
Persistent link: https://www.econbiz.de/10010303738