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Financial literacy and financial behavior : evidence from the emerging Asian middle class

Grohmann, Antonia - 2017 - This version: November, 2017

This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find...

Persistent link: https://www.econbiz.de/10011755401

Heterogeneity and risk sharing in village economies

Chiappori, Pierre-André; Krislert Samphantharak; … - In: Quantitative economics : QE ; journal of the … 5 (2014) 1, pp. 1-27

We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically … preferences are unrelated to wealth or other characteristics. The heterogeneity matters for policy: Although the average household … worse off by several percent of household consumption. …

Persistent link: https://www.econbiz.de/10011757115

What can we learn about household consumption expenditure from data on income and assets?

Eika, Lasse; Mogstad, Magne; Vestad, Ola Lotherington - 2020

accounting identity to construct a population panel data with information on household expenditure. To derive such measures of … data, we derive household expenditure from the accounting identity, before assessing the sensitivity of this measure of … consumption expenditure to the assumptions made and the data used. We then compare our measures of household expenditure to those …

Persistent link: https://www.econbiz.de/10012172449

The Cross-Section of Household Preferences

Calvet, Laurent E.; Campbell, John Y.; Gomes, Francisco; … - 2021

This paper estimates the cross-sectional distribution of Epstein-Zin preference parameters in a Large administrative panel of Swedish households. We consider a life-cycle model of saving and portfolio choice that incorporates risky labor income, safe and risky financial assets inside and outside...

Persistent link: https://www.econbiz.de/10013230231

Richer earnings dynamics, consumption and portfolio choice over the life cycle

Gálvez, Julio; Paz Pardo, Gonzalo - 2023

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...

Persistent link: https://www.econbiz.de/10014278693

False Confidence, Stock Market Participation, and Wealth Accumulation of Households : An Examination

Chatterjee, Swarn - 2015

This paper investigates whether false confidence, as characterized by a high level of personal mastery and a low level of intelligence (IQ), results in frequent investor trading and subsequent investor wealth erosion across time. Using the National Longitudinal Survey (NLSY79), change in wealth...

Persistent link: https://www.econbiz.de/10013027944

Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?

Banks, James; Blundell, Richard W.; Levell, Peter; … - 2016

ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …

Persistent link: https://www.econbiz.de/10011534273

Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?

Banks, James; Blundell, Richard W.; Levell, Peter; … - 2015

ownership and expenses, levels and paths of health status, and out-of -pocket medical expenditures. Among all the potential …

Persistent link: https://www.econbiz.de/10010498398

Life-Cycle Consumption Patterns at Older Ages in the US and the UK : Can Medical Expenditures Explain the Difference?

Banks, James W.; Blundell, Richard W.; Levell, Peter; … - 2015

paths, housing ownership and expenses, levels and paths of health status, and out-of -pocket medical expenditures. Among all …

Persistent link: https://www.econbiz.de/10014135181

The life and work of Martin Stuart ("Marty") Feldstein

Horioka, Charles - 2014

contributions to public finance, macroeconomics, social insurance, health economics, the economics of national security, and many …

Persistent link: https://www.econbiz.de/10010381488