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We contribute to the literature on household mortgage debt by exploring one particular influence on mortgage debt at … predicts a positive association between the quantity of mortgage debt and optimistic financial expectations. Our empirical … expectations are positively associated with the level of outstanding mortgage debt. …
Persistent link: https://www.econbiz.de/10005385077
We explore the determinants of debt and financial asset accumulation at the household level using survey data for Great … Britain, Germany and the United States (US). Given that debt and assets are both components of a household’s financial … debt and asset holding. Furthermore, the nature of this inter-dependence varies across income ranges and age groups with …
Persistent link: https://www.econbiz.de/10005422713
Persistent link: https://www.econbiz.de/10005593079
We contribute to the literature on household mortgage debt by exploring one particular influence on mortgage debt at … predicts a positive association between the quantity of mortgage debt and optimistic financial expectations. Our empirical … expectations are positively associated with the level of outstanding mortgage debt. …
Persistent link: https://www.econbiz.de/10005562065
In this article we show that optimistic financial expectations impact positively on both the quantity of debt and the … growth in debt at the individual and household levels. Our theoretical model shows that this association is predicted under a … variety of plausible scenarios. In the empirical analysis we explore the determinants of debt and of growth in debt using …
Persistent link: https://www.econbiz.de/10005568044
We explore the determinants of individuals´ financial expectations using data from the British Household Panel Survey (BHPS) 1991-2001. Our findings suggest that individuals´ financial predictions are influenced by both the life cycle and the business cycle. We also investigate the extent to...
Persistent link: https://www.econbiz.de/10005593073
Die Situation von Kleinanlegern* auf dem Finanzmarkt ist in Deutschland weitgehend unerforscht. Mit Blick darauf beleuchtet der folgende Beitrag auf Grundlage der Ergebnisse eines qualitativen soziologischen Forschungsprojekts drei wesentliche Dimensionen ihrer Anlagepraxis. Es geht erstens um...
Persistent link: https://www.econbiz.de/10012112440
The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes that all actions are in line with a well-structured and unbiased system of expectations. In reality, justification and identification of expectations are nontrivial, and we lack empirical...
Persistent link: https://www.econbiz.de/10014307575
Financial disclosure documents provide investors with product details to facilitate informed investment decisions. We investigate whether the appearance - the visual frame - of disclosure documents impacts risk and return expectations and investment behavior. In our experiment, subjects decide...
Persistent link: https://www.econbiz.de/10011522105
The trend towards Internet self-regulation is driven both by gov-ernments that feel reluctant to invest in direct regulation (because offreedom of speech concerns or high cots of monitoring and enforce-ment) and by the industry that is under the threat of rising publicconcerns over content...
Persistent link: https://www.econbiz.de/10005870244