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-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … whether severe household indebtedness is driven by trigger events such as unemployment, childbirth, divorce, or the death of … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …
Persistent link: https://www.econbiz.de/10013153334
-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … whether severe household indebtedness is driven by trigger events such as unemployment, childbirth, divorce, or the death of … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …
Persistent link: https://www.econbiz.de/10013153546
We employ recent Survey of Consumer Finances (SCF) microdata from the US to analyze the impacts of confidence in one's own financial knowledge, confidence in the economy, and objective financial literacy on investment in risky financial assets (equity and bonds) on both the extensive and...
Persistent link: https://www.econbiz.de/10012834179
data of the elderly population from 13 European countries, this study analyzes the impact of terrorism risk on household … savings patterns. Terrorism increases household savings to a significant and economically meaningful degree. Two terror …
Persistent link: https://www.econbiz.de/10012834678
Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare the estimates of their...
Persistent link: https://www.econbiz.de/10012834780
unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets …. These results highlight how the heterogeneity in contract design and household wealth affects the monetary policy pass-through …
Persistent link: https://www.econbiz.de/10012835832
and saved over time, and how households' marginal propensities to consume (MPCs) vary with household characteristics and …
Persistent link: https://www.econbiz.de/10012838129
This paper investigates how loss-aversion affects individuals' decisions on savings and insurance purchase. Specifically, this paper empirically tests if prospect theory's loss aversion decreases insurance demand and increases savings demand. Prospect theory predicts that boundedly rational...
Persistent link: https://www.econbiz.de/10012962197
We use Iranian Household Expenditure and Income Survey to analyze the dynamics of consumption of the households. We …
Persistent link: https://www.econbiz.de/10012903155
Managing financial matters is an important household task that is often left up to one partner. These decisions tend to … are more likely to be responsible regardless of gender. Households with low measured financial literacy and low household …
Persistent link: https://www.econbiz.de/10012911429