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Sociodemographic, economic, and psychological drivers of the demand for life insurance: Evidence from the German Retirement Income Act

Hecht, Carolin; Hanewald, Katja - 2010

We exploit the natural experiment of the 2005 income tax reform in Germany to study the effects of tax incentives on consumer behavior in life insurance markets. Our empirical analysis of sociodemographic, economic, and psychological household characteristics elicited in the German SAVE study...

Persistent link: https://www.econbiz.de/10010281497

Do more financially literate households invest less in housing? Evidence from Italy

Calcagno, Riccardo; Brancati, Maria Cesira Urzì - Collegio Carlo Alberto, Università degli Studi di Torino - 2013

Using the Bank of Italy’s Survey of Household Income and Wealth (SHIW) covering a 5-year panel, we measure the impact of the degree of households’ financial literacy on their portfolio imbalance towards housing investment. We find that households with higher levels of financial literacy hold...

Persistent link: https://www.econbiz.de/10010635931

Backing out of private pension provision - Lessons from Germany

Ziegelmeyer, Michael; Nick, Julius - Central Bank of Luxembourg - 2012

Financing pensions in the EU is a challenge. Many EU countries introduced private pension schemes to compensate declining public pension levels due to reforms made necessary by demographic change. In 2001, Germany introduced the Riester pension. Ten years after introduction the prevalence rate...

Persistent link: https://www.econbiz.de/10010826815

Sociodemographic, Economic, and Psychological Drivers of the Demand for Life Insurance: Evidence from the German Retirement Income Act

Hecht, Carolin; Hanewald, Katja - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2010

Persistent link: https://www.econbiz.de/10008568494

Do Transparent Moneyboxes increase Savings? A Note on Visual Feedback and Savings Behavior

Bohne, Albrecht; Alexandra, Avdeenko; Frölich, Markus; … - 2015

Limited attention may play a role in explaining the inability to reach savings goals (Karlan, McConnell, Mullainathan …, limits to attention in inter-temporal consumption and saving decisions may cause savers not to reach their savings goals. In … turn, constant feedback on the savings performance may help to reach savings goals in the presence of limited attention. In …

Persistent link: https://www.econbiz.de/10011301511

Overconfidence, Underconfidence, and the Use of Persuasive Messages in the Attainment of Savings Goals

Avdeenko, Alexandra; Bohne, Albrecht; Frölich, Markus; … - 2015

the onset of a savings period saving goals are chosen with over- or underconfidence, i.e. individuals over- or … underestimate their savings potential, individuals might save too little and even stop saving altogether. Thus, given an individual …'s characteristics different dis- or encouraging messages might help to achieve the savings goals. The messages encourage some …

Persistent link: https://www.econbiz.de/10011301578

Vulnerability in a Stochastic Dynamic Model

Elbers, Chris; Gunning, Jan Willem - 2003

Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...

Persistent link: https://www.econbiz.de/10010325021

Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda

Karlan, Dean; Linden, Leigh L. - 2014

, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings … which savings are available for cash withdrawal but intended for educational expenses. The weaker commitment generates … increased savings in the program accounts and when combined with a parent outreach program, higher expenditures on educational …

Persistent link: https://www.econbiz.de/10010333243

What's advertising content worth? Evidence from a consumer credit marketing field experiment

Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - 2008

Firms spend billions of dollars each year advertising consumer products in order to influence demand. Much of these outlays are on the creative design of advertising content. Creative content often uses nuances of presentation and framing that have large effects on consumer decision making in...

Persistent link: https://www.econbiz.de/10010270671

Migration and informal insurance

Meghir, Costas; Mobarak, Ahmed Mushfiq; Mommaerts, Corina; … - 2019

Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. We explain this finding using a...

Persistent link: https://www.econbiz.de/10012387278