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Do Good Things Come in Pairs? How Personality Traits Help Explain Individuals’ Simultaneous Pursuit of a Healthy Lifestyle and Financially Responsible Behavior

Hoffmann, Arvid O. I. - 2020

Both a healthy lifestyle and financially responsible behavior contribute to individual wellbeing and benefit society. Motivated by the fact that both types of behavior involve short-term sacrifices in exchange for uncertain long-term benefits and require self-control, we examine individuals'...

Persistent link: https://www.econbiz.de/10012849616

What's psychology worth? : A field experiment in the consumer credit market

Bertrand, Marianne; Karlan, Dean; Mullainathan, Sendhil; … - 2005

Persistent link: https://www.econbiz.de/10003168259

What's psychology worth? : a field experiment in the consumer credit market

Bertrand, Marianne; Karlan, Dean; Mullainathan, Sendhil; … - 2005

Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to...

Persistent link: https://www.econbiz.de/10011612044

Estimating a Dynamic Discrete Choice Model with Partial Observability for Household Mortgage Default and Prepayment Behaviors

Ma, Chao - 2016

Households are forward-looking when deciding whether to default on or refinance their mortgages. There are two types of default generated by two mechanisms: illiquidity-triggered default and strategic default. However, researchers can observe only whether households default but not whether the...

Persistent link: https://www.econbiz.de/10013002370

Household Credit and Local Economic Uncertainty

Di Maggio, Marco - 2017

This paper investigates the impact of uncertainty on consumer credit outcomes. We develop a local measure of economic uncertainty capturing county-level labor market shocks. We then exploit microeconomic data on mortgages and credit-card balances together with the crosssectional variation...

Persistent link: https://www.econbiz.de/10012950501

Credit Access and Household Well-being : Evidence from Payday Lending

Lee, Jaeyoon - 2019

payday loans on household well-being. Using suicide risks as a long-term measure for household distress, I find detrimental …

Persistent link: https://www.econbiz.de/10012902317

Determinants of Default Ratios in the Segment of Loans to Households in Spain

Blanco, Roberto - 2012

default ratios in Spain for loans extended to the household sector. We estimate the models for two alternative definitions of …

Persistent link: https://www.econbiz.de/10013110529

Household Sector Borrowing in the Euro Area - A Micro Data Perspective

Lojschova, Adriana - 2011

structural information for the euro area on the incidence of household indebtedness and the debt service burden. It breaks down … status of a household. The paper also examines the evolution of indebtedness and debt service burdens over time and compares …

Persistent link: https://www.econbiz.de/10013128171

Knowing what not to do : financial literacy and consumer credit choices ; conference paper

Dick, Christian D.; Jaroszek, Lena M. - 2014

Cognitive Reflection Test. Our analysis of a rich sample of household data also provides evidence that a higher level of …

Persistent link: https://www.econbiz.de/10010484414

Low interest rates and the distribution of household debt

Emiris, Marina; Koulischer, François - 2021

population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained … level data on the universe of household credit in Belgium to document a shift in the distribution of debt over age, with … constrained, do not contribute to the rise in household debt. To identify the elasticity of household debt to the interest rate …

Persistent link: https://www.econbiz.de/10012520376