Relying on a large and unique dataset on the cash withdrawals of over 165 million bank cards from China, we find that the existence of a larger number of cash withdrawals late at night is associated with more criminal activity. The effect is stronger for those crimes that are more involved in...

Persistent financial concerns often lead to poor mental health, which is why we need to better understand which factors contribute to it. I elicit determinants of household heads' and non-household heads' expected financial distress after the sudden energy-price hike in the UK in 2021 and find...

We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the...

We outline an education-career investment model structured for customizable, just-in-time delivery. Our initiation of this evolutionary model results in a pilot application for which we include associated technical details. We suggest how a FinTech collaboration can leverage the power of...

We model listing decisions in the housing market, and structurally estimate household preference and constraint parameters using comprehensive Danish data. Sellers optimize expected utility from property sales, subject to down-payment constraints, and internalize the effect of their choices on...

We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the...

This paper tests one specific monetary transmission mechanism through households: portfolio rebalancing. We use a unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets such as mutual funds and equities, as well as bank...

Abstract We use a revealed-preference approach to estimate investor expectations of stock market returns. Using data on demand for index funds that follow the S&P 500, we develop and estimate a model of investor choice to flexibly recover the time-varying distribution of expected returns. Our...

We introduce a model of a rational credit card user's rather complex usage choices and develop an empirical framework to test its predictions. Employing a large national database of U.S. card accounts, we estimate how prices impact card usage and find that price effects are mostly well explained...

Over the past decade, the rapidly digitizing economy and expanding digital divide have attracted much attention in both academic and policy research. Access to computers and the Internet has become increasingly important in the digital age. This paper investigates the compounding impact of the...