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How housing affects stock investment: An SEM analysis
Li, Jiandong; Zhao, Jianmei - In: Economies 7 (2019) 1, pp. 1-11
The extant literature regarding the effects of housing on stock investment shows inconsistent findings, either positive … or negative effects have been reported. This paper investigates the mechanisms by which housing affects household stock … and quantify the magnitudes of contemporaneous "wealth effects" and "crowd-out effects" of housing on household equity …
Persistent link: https://www.econbiz.de/10013199538
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The distribution of wealth and the marginal propensity to consume
Carroll, Christopher; Slacalek, Jirka; Tokuoka, Kiichi; … - In: Quantitative Economics 8 (2017) 3, pp. 977-1020
In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in the United States. The heterogeneity-augmented...
Persistent link: https://www.econbiz.de/10011995508
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The determinants of savings rates in OECD countries: The role of private pensions
Gebeşoğlu, Pınar Fulya; Ertuğrul, Hasan Murat; … - In: Central Bank Review (CBR) 23 (2023) 1, pp. 1-7
The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates across countries remains to be an intriguing empirical question considering the complicated nature of the relationship between saving patterns and pension wealth. This paper...
Persistent link: https://www.econbiz.de/10014547825
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Household portfolios and financial preparedness for retirement
Crawford, Rowena; O'Dea, Cormac - In: Quantitative Economics 11 (2020) 2, pp. 637-670
higher-return tax-advantaged private pensions and in housing. Second, we find that only the most patient households achieve …
Persistent link: https://www.econbiz.de/10012215428
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Household Consumption Expenditure Inequality in Rural India: 1993-94 to 2011-12
Pawde, Balu; Shaw, Tara Shankar; Trivedi, Pushpa L - In: Economic & Political Weekly 57 (2022) 11
The comparative role of determinants of household-level consumption expenditure inequalities (henceforth, inequalities) in rural India between two sub-periods, 1994–2005 and 2005–12 are examined, using three rounds of the National Sample Survey Consumer Expenditure Survey. The changes in the...
Persistent link: https://www.econbiz.de/10013332564
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Wie stark wird der Konsum vom Vermögen bestimmt?
Dreger, Christian; Slacalek, Jiri - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 4, pp. 77-84
private consumption depends on the evolution of financial and housing wealth, where the impact of the latter seems to have … 2 cents. However, the impact of wealth is lower in bank than in market based economies. In fact, housing prices do not … Germany could not be explained by the stagnation in housing prices. …
Persistent link: https://www.econbiz.de/10010377811
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Sparer reagieren kaum auf Zinsänderungen
Beznoska, Martin; Ochmann, Richard - In: DIW Wochenbericht 78 (2011) 22, pp. 11-16
Wie reagieren private Haushalte auf eine Veränderung der Verbraucherpreise oder des Zinsniveaus? Reduzieren sie gegenwärtigen Konsum und sparen stattdessen für die Zukunft, wenn Preise oder Zinssätze steigen? Oder lassen sie ihren einmal gewählten Konsumpfad unverändert? Nur wer die...
Persistent link: https://www.econbiz.de/10011602358
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Zehn Jahre Riester-Rente: kein Grund zum Feiern
Hagen, Kornelia; Kleinlein, Axel - In: DIW Wochenbericht 78 (2011) 47, pp. 3-14
Die Riester-Rente beziehungsweise die einzelnen Riester-Produkte haben sich seit ihrer Einführung zuungunsten von Sparern verändert. Verträge, die heute abgeschlossen werden, führen oftmals zu einer geringeren Rendite als 2001 vereinbarte Verträge. Insgesamt sind die Renditen aus...
Persistent link: https://www.econbiz.de/10011602441
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Welchen Einfluss hat Financial Literacy auf die Altersvorsorge?
Leinert, Johannes - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 4, pp. 83-101
Dieser Beitrag untersucht den Einfluss von Financial Literacy auf die Altersvorsorge. Zunächst wird in einer theoretischen Analyse ein indirekter Effekt beschrieben. Demnach begünstigt mangelnde Financial Literacy eine Aversion gegen die Beschäftigung mit finanziellen Angelegenheiten. Dadurch...
Persistent link: https://www.econbiz.de/10012112441
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Precautionary borrowing and the credit card debt puzzle
Druedahl, Jeppe; Jørgensen, Casper Nordal - In: Quantitative Economics 9 (2018) 2, pp. 785-823
This paper addresses the credit card debt puzzle using a generalization of the buffer-stock consumption model with long-term revolving debt contracts. Closely resembling actual US credit card law, we assume that card issuers can always deny their cardholders access to new debt, but that they...
Persistent link: https://www.econbiz.de/10012215345