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Household debt and saving during the 2007 recession
Chakrabarti, Rajashri; Lee, Donghoon; Klaauw, Wilbert … - 2011
Using credit report records and data collected from several household surveys, we analyze changes in household debt and … appears to reflect a considerable decline in household debt, as households paid down mortgage debt in particular. At the end … of 2009, individuals expected to continue increasing their saving and paying down of debt, which is consistent with what …
Persistent link: https://www.econbiz.de/10008935752
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Positive illusions and the temptation to borrow
Kløve, Eva; Mehlum, Halvor - 2017
unsustainable levels of debt. Using survey data from South Africa, we confirm that poor people are indeed overly optimistic, and … also that optimism is positively and significantly related to debt accumulation. …
Persistent link: https://www.econbiz.de/10011779117
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Determinants of Parents’ College Education Saving Decisions
Korankye, Thomas; Kalenkoski, Charlene M. - 2022
This study examines the factors associated with the decisions of U.S. households to save for the college education of their children using state-level data from the 2015 U.S. National Financial Capability Study. The results suggest that financially fragile households and those characterized by...
Persistent link: https://www.econbiz.de/10013294637
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen; … - In: Journal of Economic Behavior & Organization 107 (2014) PA, pp. 86-106
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that prize-linked savings (PLS) accounts, combining security...
Persistent link: https://www.econbiz.de/10011077030
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Old age savings and house price shocks
McGee, Rory - 2021
Elderly households hold most of their wealth in housing, maintain high levels of wealth throughout retirement, and often leave bequests. The value of their houses are subject to large shocks. To what extent do these shocks affect their savings, consumption, and bequests? Answering this question...
Persistent link: https://www.econbiz.de/10013272225
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Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines
Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - Economic Growth Center, Economics Department - 2005
We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism....
Persistent link: https://www.econbiz.de/10005146683
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Co-residence, life-cycle savings and inter-generational support in urban China
Rosenzweig, Mark R.; Zhang, Junsen - 2014
We use unique data characterizing individual savings for twins and non-twins in urban China to examine why the savings rates of the young are elevated relative to the middle-aged, despite rising individual life-cycle incomes. We show that inter-generational co-residence masks the true life-cycle...
Persistent link: https://www.econbiz.de/10010369071
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Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines
Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - 2005
We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism....
Persistent link: https://www.econbiz.de/10010369236
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The impact of pre-marital sex ratios on household saving in two Asian countries : the competitive saving motive revisited
Horioka, Charles; Terada Hagiwara, Akiko - 2016
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main findings of the paper, it finds that the...
Persistent link: https://www.econbiz.de/10011497711
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Saving and consumption when children move out : conference paper
Rottke, Simon; Klos, Alexander - 2013
Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled up to that of childless peers after all children are gone....
Persistent link: https://www.econbiz.de/10010341617