In this paper, we analyse the saving behaviour of a sample of children drawn from the 2002 and 2007 Child Development Supplements of the U.S. Panel Study of Income Dynamics. In particular, we focus on the influence of children’s expectations and attitudes towards the future on the total level...

In this paper, we investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We explore how social interaction influences the probability of holding different types of unsecured debt and assets, as well as how social...

In this paper, we contribute to the empirical literature on household finances by introducing a Bayesian bivariate two-part model. With correlated random effects, the proposed approach allows for the potential interdependence between the holding of assets and debt at the household level and also...

In this paper we contribute to the existing microeconomic literature on social interaction, which has generally focused on social interaction from an individual’s perspective. Given that decisions regarding social interaction are often made within the context of a couple or family, we explore...

We explore the relationship between household finances and personality traits from an empirical perspective. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality traits on financial decision-making at the individual...

We explore the influences on the saving behaviour of children aged 11 to 15 using panel data drawn from the British Household Panel Survey Youth Questionnaire. Our empirical findings suggest that parental allowances/pocket money exert a moderating influence on the probability that a child will...

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling...

Using household-level data, we explore the relationship between donations to the victims of the 2004 Indian Ocean tsunami disaster and other charitable donations. The empirical evidence suggests that donations specifically for the victims of the tsunami are positively associated with the amount...