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correlations of unobservables across different asset choices can lead to very misleading results. -- Foreign Assets ; Household …
Persistent link: https://www.econbiz.de/10003947444
on personal care products by females in couples). -- Terrorism ; Expectations ; Household Finance ; Demand Analysis …
Persistent link: https://www.econbiz.de/10003864066
This paper provides a joint analysis of household stockholding participation, stock location among stockholding modes … through retirement accounts only. Household characteristics influence stockholding through retirement accounts conditional on … investor characteristics. -- Stockholding ; Asset Location ; Retirement Accounts ; Household Finance ; Multivariate Probit …
Persistent link: https://www.econbiz.de/10003864094
uncertainty on household stock market participation. We find that households significantly reduce their participation and … prolonged distortion in household stock investments, which can have implications for households, firms, and the economy in …
Persistent link: https://www.econbiz.de/10012853485
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 … to become harder to obtain during 2010. -- household debt and saving ; 2007 recession ; credit access ; mortgage debt …
Persistent link: https://www.econbiz.de/10008935752
, desired working hours, and household debt, but have only small effects on expected spending. We provide correlational and … household exposure to stock market crashes for expectation formation …
Persistent link: https://www.econbiz.de/10012835653
, desired working hours, and household debt, but have only small effects on expected spending. We provide correlational and … household exposure to stock market crashes for expectation formation …
Persistent link: https://www.econbiz.de/10012836671
This paper uses proprietary data comprising of 4,155 participants who attended financial education seminars conducted by a major U.S. consumer credit counseling agency in 2007. In this study, knowledge gained from attending the seminars is estimated using a multivariate regression model. Results...
Persistent link: https://www.econbiz.de/10011451736
This study investigated the effect of objective and subjective financial literacy on mortgage payment delinquency using the 2015 National Financial Capability Study dataset. A hierarchical model showed a substantial negative effect of objective literacy on delinquency, but subjective literacy...
Persistent link: https://www.econbiz.de/10012897977
In this paper, we design and field a low-cost, easily-replicable financial education program called “Five Steps,” covering five basic financial planning concepts that relate to retirement. We conduct a field experiment to evaluate the overall impact of “Five Steps” on a probability...
Persistent link: https://www.econbiz.de/10013025526