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MPC Heterogeneity and Household Balance Sheets

Fagereng, Andreas - 2019

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

Persistent link: https://www.econbiz.de/10012898430

Do Retirement Savings Increase in Response to Information About Retirement and Expected Pensions?

Dolls, Mathias - 2018

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …

Persistent link: https://www.econbiz.de/10012925277

Gambling to Leapfrog in Status?

Friehe, Tim; Mechtel, Mario - CESifo - 2013

leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for …

Persistent link: https://www.econbiz.de/10010634081

Are Consumers Planning Consumption According to an Euler Equation?

Dräger, Lena - 2017

Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the results are mostly in line with the theory: We find evidence...

Persistent link: https://www.econbiz.de/10012964377

How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?

Roth, Christopher - 2018

Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect their personal economic prospects and their behavior. To exogenously vary respondents' expectations we provide them with different professional forecasts about the likelihood...

Persistent link: https://www.econbiz.de/10012911043

Gambling to Leapfrog in Status?

Friehe, Tim - 2013

leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for …

Persistent link: https://www.econbiz.de/10013083874

Social Networks and Housing Markets

Bailey, Michael - 2016

We document that the recent house price experiences within an individual's social network affect her perceptions of the attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine anonymized social network information from...

Persistent link: https://www.econbiz.de/10012988967

Home Ownership and Household Portfolio Choice

Michielsen, Thomas - 2016

period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding … and endogeneity into account. In our preferred specifications both home equity and the household's amount of mortgage debt …

Persistent link: https://www.econbiz.de/10012998709

The Standard Portfolio Choice Problem in Germany

Huck, Steffen - 2015

We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable...

Persistent link: https://www.econbiz.de/10013018464

Does Homeownership Promote Wealth Accumulation?

Kaas, Leo - 2016

wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … Consumption Survey for the Euro area, we correct for endogeneity by using inheriting the household's main residence as an … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average …

Persistent link: https://www.econbiz.de/10012996689