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study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a … promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to … be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally …
Persistent link: https://www.econbiz.de/10012039050
study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a … promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to … be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally …
Persistent link: https://www.econbiz.de/10012064818
study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a … promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to … be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally …
Persistent link: https://www.econbiz.de/10012052873
study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a … promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to … be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally …
Persistent link: https://www.econbiz.de/10012141886
, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …, and that this increase in savings grows with the degree of loss aversion. Thus, as suggested by Koszegi and Rabin (2009 …
Persistent link: https://www.econbiz.de/10012438025
empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … associated with higher savings for loss-averse individuals, and that this increase in savings grows with the degree of loss …
Persistent link: https://www.econbiz.de/10014312199
correlated with other variables that describe the subject's financial situation, like savings and shocks to income and …
Persistent link: https://www.econbiz.de/10013055596
, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …, and that this increase in savings grows with the degree of loss aversion. Thus, as suggested by Koszegi and Rabin (2009 …
Persistent link: https://www.econbiz.de/10013243502
A large fraction of households have very little savings buffer and are therefore vulnerable to financial shocks. This … link to a personal web page where they can start or adjust an automatic savings plan. However, analyzing detailed bank data …, we find no treatment effect on actual savings, neither in the short run nor in the long run. Our null findings are quite …
Persistent link: https://www.econbiz.de/10013245632
A large fraction of households have very little savings buffer and are there-fore vulnerable to financial shocks. We … increases intended sav-ings. In line with this, we find in our field experiment that households whoare exposed to the social … norm nudge click more often on a link to a personalwebpage where they can start or adjust an automatic savings plan …
Persistent link: https://www.econbiz.de/10012057179