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We investigate the relationship between social interaction and household finances using data from the British Household … household finances and social interaction, rather than focusing one particular facet of household finances, such as the holding … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …
Persistent link: https://www.econbiz.de/10010380024
Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...
Persistent link: https://www.econbiz.de/10010429152
Household investment mistakes are an important concern for researchers and policymakers alike; portfolio …
Persistent link: https://www.econbiz.de/10013093580
Using a unique dataset of over 6,000 clients of a German advisory firm who have received rule-based financial advice on basic retirement provision and the insurance of major life risks, we investigate households' response to advice when the risk of product misselling is effectively minimized....
Persistent link: https://www.econbiz.de/10012970878
, they choose to maintain liquid savings - household working capital - not just for precautionary motives but also to support …
Persistent link: https://www.econbiz.de/10012421080
, they choose to maintain liquid savings – household working capital – not just for precautionary motives but also to support …
Persistent link: https://www.econbiz.de/10012271205
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
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
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice …
Persistent link: https://www.econbiz.de/10012517212
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice …
Persistent link: https://www.econbiz.de/10014258262