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Culture and Adult Financial Literacy: Evidence from the United States

Davoli, Maddalena; Rodríguez-Planas, Núria - 2020

Using a US nationally representative sample of over 6,000 adults from 26 countries of ancestry, we find a strong association between their financial literacy in the US and the financial literacy level in their self-reported country of ancestry. More specifically, if an individual from a country...

Persistent link: https://www.econbiz.de/10012270027

Culture, money attitudes and economic outcomes

Henchoz, Caroline; Coste, Tristan; Wernli, Boris - In: Swiss Journal of Economics and Statistics 155 (2019) 2, pp. 1-13

Using novel survey data, we examine attitudes towards money and to what extent they affect economic outcomes in Switzerland. We find that three main types of attitudes towards money co-exist: the prestige and power attitude, the money management attitude and the goal-oriented attitude. The...

Persistent link: https://www.econbiz.de/10013205774

Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey

Horioka, Charles - 2020

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

Persistent link: https://www.econbiz.de/10012543994

Are the Japanese unique? Evidence from household saving and bequest behavior

Horioka, Charles Yuji - 2016

by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … the Japanese are not a saving-loving people and that their saving behavior is not governed by culture and social norms …, we argue that these findings do not necessarily mean that culture and social norms do not matter. …

Persistent link: https://www.econbiz.de/10011564954

Why Do People Leave Bequests? For Love or Self-Interest? Evidence from a New International Survey of Bequest Plans

Horioka, Charles Yuji - School of Economics, University of the Philippines at … - 2014

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...

Persistent link: https://www.econbiz.de/10010778610

Demand for Lottery Products: A Cross-Country Analysis

Kaizeler, Maria João; Faustino, Horácio C. - ISEG - School of Economics and Management, Department … - 2008

Varieties of lottery games are played regularly in more than half of the world’s countries. When considering the probability of winning a lottery jackpot, we have a sense of the illogicality in buying a lottery ticket. This begs the question, why do people buy lottery products? This paper...

Persistent link: https://www.econbiz.de/10005628397

Are Americans and Indians more altruistic than the Japanese and Chinese? : evidence from a new international survey of bequest plans

Horioka, Charles - 2014

Persistent link: https://www.econbiz.de/10010354604

Effects of Cultural Origin on Entrepreneurship

Jonsson, Sara; Ouyang, Qinglin - 2023

This paper investigates impact of cultural origin on entrepreneurship. Using Swedish registry data on second-generation immigrants and risk appetite measures from the Global Preference Survey (GPS), we investigate whether risk preferences in parents’ home countries affect entrepreneurship. We...

Persistent link: https://www.econbiz.de/10014348929

Expectations and Saving Behavior: An Empirical Analysis

Arent, Stefan - 2012

In this paper we analyze the impact of the expectations about future labor income on thesaving behavior of German households. We measure expectations on an individual basisinstead of generalized risk measures as it is common in existing studies. We use aunique panel data set on household...

Persistent link: https://www.econbiz.de/10010312155

Social capital, network effects and savings in rural Vietnam

Newman, Carol; Tarp, Finn; Van Den Broeck, Katleen - 2012

higher levels of saving in formal financial institutions and to higher levels of saving for productive investments as …

Persistent link: https://www.econbiz.de/10010319955