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Long Term Savings Decisions : Financial Reform, Peer Effects and Ethnicity

Mugerman, Yevgeny - 2014

In 2005, a drastic reform in the Israeli capital market shifted the power to choose savings vehicles from employers to individuals. Using a unique dataset from a large employer, this event provides us a rare window into individuals' savings decisions and the effect of their social environment....

Persistent link: https://www.econbiz.de/10013066561

Are the Japanese unique? : evidence from household saving and bequest behavior

Horioka, Charles - 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/10011478422

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/10012291218

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/10012041732

Adopting, using, and discarding paper and electronic payment instruments: Variation by age and race

Mann, Ronald J. - 2011

significant age- and race-related differences in payments choices. Among other things, it suggests that the range of payment … access to financial institutions. With regard to age, it documents pervasive (and complex) age-related patterns at every step …

Persistent link: https://www.econbiz.de/10010282787

Financial Behavior and Attitudes of Asians Compared to Other Racial/Ethnic Groups in the United States

Hanna, Sherman D. - 2015

Most research studying family financial behavior of racial/ethnic groups has ignored Asian households or arbitrarily combined them with other racial/ethnic groups. We treated Asian households as a separate racial/ethnic group to compare twelve financial behaviors and attitudes of Asian...

Persistent link: https://www.econbiz.de/10013024749

Adopting, using, and discarding paper and electronic payment instruments : variation by age and race

Mann, Ronald J. - 2011

Persistent link: https://www.econbiz.de/10009125171

Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Gaps in Retirement Wealth Accumulation by Race and Parental Income

Choukhmane, Taha; Colmenares, Jorge; O'Dea, Cormac; … - National Bureau of Economic Research - 2024

U.S. employers and the federal government devote over 1.5% of GDP annually toward promoting defined contribution (DC) retirement saving. Using a new employer-employee linked dataset covering millions of Americans, we show that this system of saving incentives benefits White workers and those...

Persistent link: https://www.econbiz.de/10015056169

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/10012237342

Increasing the effectiveness of financial education in the workplace

Lusardi, Annamaria - 2008

Persistent link: https://www.econbiz.de/10010298401