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Modelling households' financial vulnerability with consumer credit and mortgage renegotiations

Attinà, Carmela Aurora; Franceschi, Francesco; … - 2019

Persistent link: https://www.econbiz.de/10012162991

Unsustainable household debt : problems of measurement

Gibbons, Damon - In: Vierteljahrshefte zur Wirtschaftsforschung 89 (2020) 1, pp. 101-113

between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …

Persistent link: https://www.econbiz.de/10012507225

Do large numbers of Americans struggle to make ends meet?

Thies, Clifford F. - In: The journal of private enterprise 36 (2021) 2, pp. 67-75

Persistent link: https://www.econbiz.de/10012625743

How Do Consumers Respond When Default Options Push the Envelope?

Beshears, John - 2017

Many employers have increased the default contribution rates in their retirement plans, generating higher employee savings. However, a large fraction of employers are reluctant to default employees into savings rates that are high enough to leave those employees adequately prepared for...

Persistent link: https://www.econbiz.de/10012945908

Exponential-Growth Bias in Experimental Consumption Decisions

Levy, Matthew - 2015

Exponential-growth bias (EGB) is the tendency to neglect the power of compounding inter- est. A person with EGB will misperceive the intertemporal budget constraint, overestimating lifetime wealth and underestimating the differences in the cost of consumption across periods . We test four...

Persistent link: https://www.econbiz.de/10013021884

Financial Literacy among Young Generation in Bangalore - A Study

Irfan, Syed Bilal; Banu, Neha; Tazeer, Mohammed - 2023

Financial literacy is the knowledge and skills required to manage one's financial resources effectively. Financial literacy is more important than ever in today’s fast-paced world, especially for the younger generation. The younger generation in India is a crucial demographic group that is...

Persistent link: https://www.econbiz.de/10014351405

The psychological cost of saving – an agent-based modelling approach

DRUICA, Elena; IANOLE, Rodica; CORNESCU, Viorel - In: Romanian Journal of Economics 39 (2014) 2(48), pp. 34-48

In this paper, an alternative hypothesis to the standard economic models of saving is proposed, based on new research in behavioral and computational economic. The importance of traditional factors of influence for saving is acknowledged, but the explanatory spectrum is extended by focusing on...

Persistent link: https://www.econbiz.de/10011105952

Saving for Retirement - A Case for Financial Education in Germany and UK? An Economic Perspective

Oehler, Andreas - 2010

Demographic changes, tight public budgets, and reduced generosity of occupational pension plans shift the responsibility for an adequate retirement provision towards the individual. Applying the theoretical perspectives of Behavioural Finance and New Institutionalism to the domain of retirement...

Persistent link: https://www.econbiz.de/10013139316

What Age Do You Feel? - Subjective Age Identity and Economic Behaviors

Ye, Zihan - 2019

Building on recent findings in psychology, we study the impact of subjective age identity (feeling younger or older than one's chronological age) on economic behaviors. Using data from the Health and Retirement Study we find: Individuals with a younger age identity have higher work engagement,...

Persistent link: https://www.econbiz.de/10012898407

Can official advice improve mortgage-holders' perceptions of switching? : an experimental investigation

Timmons, Shane; Barjaková, Martina; McElvaney, Terence J. - 2019

Encouraging consumers to seek out and switch to lower-rate mortgages is important both for the individual consumer's finances and for functioning competitive markets, but switching rates are low. We conducted an experiment with mortgage-holders to test whether official advice on how to select...

Persistent link: https://www.econbiz.de/10011975110