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Did households' time preference change due to the Great Recession?
Hong, Eunice O.; Hanna, Sherman - In: Applied economics letters 23 (2016) 13/15, pp. 1047-1050
Persistent link: https://www.econbiz.de/10011629534
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Chapter 1. Intertemporal choice
Ericson, Keith Marzilli; Laibson, David - 2019
Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential...
Persistent link: https://www.econbiz.de/10014023383
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Household portfolios and financial preparedness for retirement
Crawford, Rowena; O'Dea, Cormac - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 637-670
Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare these estimates of their...
Persistent link: https://www.econbiz.de/10012213993
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Heterogeneity and risk sharing in village economies
Chiappori, Pierre-André; Krislert Samphantharak; … - In: Quantitative economics : QE ; journal of the … 5 (2014) 1, pp. 1-27
We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically … preferences are unrelated to wealth or other characteristics. The heterogeneity matters for policy: Although the average household … worse off by several percent of household consumption. …
Persistent link: https://www.econbiz.de/10011757115
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Financial vulnerability of working adults in Malaysia
Loke, Yiing Jia - In: Contemporary economics 11 (2017) 2, pp. 205-218
Given the high and rising household debt in Malaysia, the objective of this paper is to ascertain the characteristics …
Persistent link: https://www.econbiz.de/10011760478
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Household's overindebtedness during the COVID-19 crisis : the role of debt and financial literacy
Kurowski, Łukasz - In: Risks : open access journal 9 (2021) 4, pp. 1-19
perspective of a household's budget, which in the face of a crisis reduces the risk of individuals not paying their liabilities …
Persistent link: https://www.econbiz.de/10012508620
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Households' borrowing intentions during the COVID-19 crisis : the role of financial literacy
Kurowski, Łukasz; Malinowska-Misiąg, Elżbieta - In: Journal of banking and financial economics 17 (2022) 1, pp. 98-113
This study aims to determine the role of financial literacy in households' borrowing intentions during the coronavirus pandemic. Employing a survey of 1,300 Polish citizens conducted during the COVID-19 crisis and an instrumental variable analysis, we found that financial literacy significantly...
Persistent link: https://www.econbiz.de/10013413474
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Chapter 12. Housing, Finance, and the Macroeconomy
Davis, Morris A.; Van Nieuwerburgh, Stijn - In: Handbook of regional and urban economics : volume 5, (pp. 753-811). 2015
In this chapter, we review and discuss the large body of research that has developed over the past 10-plus years that explores the interconnection of macroeconomics, finance, and housing. We focus on three major topics—housing and the business cycle, housing and portfolio choice, and housing...
Persistent link: https://www.econbiz.de/10014025303
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Die Verschuldung der privaten Haushalte in Europa und die Bedeutung eines wirksamen Insolvenzrechts
Drometer, Marcus; Oesingmann, Katrin - In: ifo Schnelldienst 68 (2015) 17, pp. 59-63
Insgesamt sind die privaten Haushaltsschuldenquoten in den meisten Ländern der EU in den letzten Jahren stark angestiegen. Eine anhaltende Verschuldung der privaten Haushalte kann negative Effekte auf die gesamte Wirtschaft haben, falls die Überschuldung so hoch ist, dass der private Konsum...
Persistent link: https://www.econbiz.de/10011693865
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Financial literacy and its consequences: Evidence from Russia during the financial crisis
Klapper, Leora; Lusardi, Annamaria; Panos, Georgios A. - In: Journal of Banking & Finance 37 (2013) 10, pp. 3904-3923
. This paper uses a panel data set from Russia, an economy in which household debt has grown at an astounding rate, to …
Persistent link: https://www.econbiz.de/10010738280