Showing 261 - 270 of 124,993
Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...
Persistent link: https://www.econbiz.de/10010276781
bias and household finance without adequate controls for financial literacy may generate biased results. … growth bias, has been linked to household financial decision making. We show that exponential growth bias and standard … is linked to household decision making, our results indicate that examining the relationship between exponential growth …
Persistent link: https://www.econbiz.de/10010278378
Conspicuous consumption, specialised consumption of high visibility but without apparent economic benefit, is reducing investment in productive assets and thus hindering economic development in low-income countries. In previous research, the phenomenon was commonly explained by status-seeking...
Persistent link: https://www.econbiz.de/10014536123
This study examines the simultaneous impact of risk type and risk preferences on annuity demand. Through a quasi-experimental design that leverages individuals' reactions to their first malignant cancer diagnosis around retirement, we show that a 30% reduction in the present value of life...
Persistent link: https://www.econbiz.de/10014540933
We study the redistributive effects of surprise inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth;...
Persistent link: https://www.econbiz.de/10014543616
This paper analyses the consumer's decision to apply for credit and the probability of the credit being accepted in the euro area during a period characterized by the unprecedented concomitance of events and changing borrowing conditions linked to the global COVID-19 pandemic and the Russian...
Persistent link: https://www.econbiz.de/10014543617
framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …
Persistent link: https://www.econbiz.de/10014543620
Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in interest rate increases the average loan size by 0.22%...
Persistent link: https://www.econbiz.de/10014543625
Republic of Türkiye - Household Finance and Consumption Survey. The empirical analysis concentrates on the motives behind …This paper analyzes the distribution of household portfolios in Türkiye using a fresh data set, the Central Bank of the … household saving preferences and the distribution of household portfolios. Moreover, the financial situation of households in …
Persistent link: https://www.econbiz.de/10014547835
We use administrative data for Norway to estimate an incomplete-market life cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014564092