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"Should I Pay for You or for Myself"? The Optimal Level and Composition of Retirement Benefit Systems
van Praag, Bernard M. S.; Cardoso, Pedro - 2001
growth. …
Persistent link: https://www.econbiz.de/10010276956
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Is Patience Malleable via Educational Intervention? Evidence on the Role of Age in Field Experiments
Kaiser, Tim; Menkhoff, Lukas; Oberrauch, Luis - 2023
We study the age-dependent malleability of patience via educational interventions designed to foster financial decision … heterogenous effects by age: adults' patience and discount factors are unaffected by the intervention after 15 months follow …-up, but we observe large effects on patience and estimated discount factors and field saving behavior for youth. In the meta …
Persistent link: https://www.econbiz.de/10014377302
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Parenting Values Moderate the Intergenerational Transmission of Time Preferences
Brenøe, Anne Ardila; Epper, Thomas - 2019
find substantial transmission of patience from parents to children, which is insensitive to the inclusion of comprehensive … parents, authoritarian and permissive parents transmit patience to their offspring. Meanwhile, parental involvement is not an …
Persistent link: https://www.econbiz.de/10012141345
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The Heritability of Economic Preferences
Kettlewell, Nathan; Tymula, Agnieszka; Yoo, Hong Il - 2023
We study the heritability of risk, uncertainty, and time preferences using a field experiment with a large sample of adult twins. We also offer a meta-analysis of existing findings. Our field study introduces a novel empirical approach that marries behavioral genetics with structural...
Persistent link: https://www.econbiz.de/10014469508
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Who Is a Passive Saver under Opt-In and Auto-Enrollment?
Shah Goda, Gopi; Levy, Matthew R.; Flaherty Manchester, … - 2019
growth bias – under two distinct choice environments: an opt-in regime and an auto-enrollment regime. Consistent with our …
Persistent link: https://www.econbiz.de/10012141134
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Active Choice Framing and Intergenerational Education Benefits: Evidence from the Field
Castleman, Benjamin L.; Murphy, Francis X.; Patterson, … - 2019
The Post-9/11 GI Bill allows service members to transfer generous education benefits to a dependent. We run a large-scale experiment to test whether active choice framing impacts US Army service members' decision to transfer benefits. Individuals who received email messages framing GI Bill use...
Persistent link: https://www.econbiz.de/10012141160
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Predicting Retirement Savings Using Survey Measures of Exponential-Growth Bias and Present Bias
Shah Goda, Gopi; Levy, Matthew; Flaherty Manchester, Colleen - 2018
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential-growth …
Persistent link: https://www.econbiz.de/10011931727
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Stock Market Returns and Consumption
Di Maggio, Marco; Kermani, Amir; Majlesi, Kaveh - 2018
This paper employs Swedish data on households' stock holdings to investigate how consumption responds to changes in stock market returns. We instrument the actual capital gains and dividend payments with past portfolio weights. Unrealized capital gains lead to a marginal propensity to consume...
Persistent link: https://www.econbiz.de/10011816629
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Life Cycle Saving and Dissaving Revisited across Three-Tiered Income Groups: Starting Hypotheses, Refinement through Literature Review, and Ideas for Empirical Testing
Holzmann, Robert; Ayuso, Mercedes; Alaminos, Estefanía; … - 2019
The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...
Persistent link: https://www.econbiz.de/10012141291
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Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission
Hintermaier, Thomas; Koeniger, Winfried - 2019
This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life-cycle incomplete-markets model with a financial asset and...
Persistent link: https://www.econbiz.de/10012179936