Similar Search Results

Household portfolios and financial preparedness for retirement

Crawford, Rowena; O'Dea, Cormac - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 637-670

Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare these estimates of their...

Persistent link: https://www.econbiz.de/10012213993

Human capital accumulation and the evolution of overconfidence

Santos-Pinto, Luis - In: Games 11 (2020) 4/46, pp. 1-19

This paper studies the evolution of overconfidence over a cohort's working life. To do this, the paper incorporates subjective assessments into a continuous time human capital accumulation model with a finite horizon. The main finding is that the processes of human capital accumulation, skill...

Persistent link: https://www.econbiz.de/10012432316

Peer effects and debt accumulation : evidence from lottery winnings

Gulbrandsen, Magnus A. H. - 2021

I estimate the effect of lottery winnings on peers' debt accumulation using administrative data from Norway. I identify neighbors of lottery winners, and estimate an average debt response of 2.1 percent of the lottery prize among households that live up to ten houses from the winner. Analyzing...

Persistent link: https://www.econbiz.de/10012664727

Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa

Lyons, Angela C.; Kass-Hanna, Josephine; Liu, Fan; … - 2020

Globally, 1.7 billion adults still lack access to formal financial services, with a large percentage living in South Asia and Sub-Saharan Africa. Current financial inclusion strategies provide these vulnerable populations with access to a wide array of financial services that aim to build more...

Persistent link: https://www.econbiz.de/10012181124

The determinants of savings rates in OECD countries : the role of private pensions

Gebeşoğlu, Pınar Fulya; Ertuğrul, Hasan Murat; … - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 1, pp. 1-7

The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates across countries remains to be an intriguing empirical question considering the complicated nature of the relationship between saving patterns and pension wealth. This paper...

Persistent link: https://www.econbiz.de/10014281529

Estimating case-based learning

Guilfoos, Todd; Pape, Andreas D. - In: Games 11 (2020) 3/38, pp. 1-25

We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from … twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information …-based learning to other learning models (reinforcement learning and self-tuned experience weighted attraction learning) while using …

Persistent link: https://www.econbiz.de/10012432206

Bandits in the lab

Hoelzemann, Johannes; Klein, Nicolas Alexandre - In: Quantitative economics : QE ; journal of the … 12 (2021) 3, pp. 1021-1051

We experimentally implement a dynamic public-good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free-riding because of strategic concerns. We also find that subjects adopt more...

Persistent link: https://www.econbiz.de/10012598548

Nudging taxpayer registration? : field experimental evidence on backfiring incentives

Eguino, Huáscar; Roman, Soraya; Schächtele, Simeon - 2020

Governments in Latin America raise little revenue from property taxation, despite arguments for its efficiency and equity. Adequate registry information would support consistent collection, but registries are costly to establish and maintain. Compared to tax collection, field experimental...

Persistent link: https://www.econbiz.de/10012587563

Trustful voters, trustworthy politicians : a survey experiment on the influence of social media in politics

Aruguete, Natalia; Calvo, Ernesto; Scartascini, Carlos G.; … - 2021

Recent increases in political polarization in social media raise questions about the relationship between negative online messages and the decline in political trust around the world. To evaluate this claim causally, we implement a variant of the well-known trust game in a survey experiment with...

Persistent link: https://www.econbiz.de/10012587634

Digital finance and financial literacy: an empirical investigation of Chinese households

Yang, Junhong; Wu, Yu; Huang, Bihong - 2020

Using the 2015 and 2017 waves of the China Household Finance Survey (CHFS), we measured financial literacy and study its relationship to households' demand for digital finance. We found that a majority of households in the People's Republic of China possess limited financial literacy. The low...

Persistent link: https://www.econbiz.de/10012403880