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Household Stock Market Beliefs and Learning

Kézdi, Gábor - 2011

This paper characterizes heterogeneity of the beliefs of American households about future stock market returns, provides an explanation for that heterogeneity and establishes its relationship to stock holding behavior. We find substantial belief heterogeneity that is puzzling since households...

Persistent link: https://www.econbiz.de/10013118132

Financial Knowledge and 401(K) Investment Performance

Clark, Robert L. - 2014

Using a unique new dataset linking administrative data on investment performance and financial knowledge, we examine …

Persistent link: https://www.econbiz.de/10013053837

How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors

Hastings, Justine S. - 2011

wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor … of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement wellbeing would do …

Persistent link: https://www.econbiz.de/10013130966

Household Saving Behavior : The Role of Financial Literacy, Information, and Financial Education Programs

Lusardi, Annamaria - 2008

and investment decisions. Low literacy and lack of information affect the ability to save and to secure a comfortable …

Persistent link: https://www.econbiz.de/10012772702

Financial Literacy : An Essential Tool for Informed Consumer Choice?

Lusardi, Annamaria - 2010

Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. This paper demonstrates widespread financial illiteracy...

Persistent link: https://www.econbiz.de/10012759213

The Outlook for Financial Literacy

Lusardi, Annamaria - 2011

As the world becomes more financially integrated and complex, average individuals and their families are increasingly faced with making highly sophisticated and all-too-often irreversible financial decisions. Nowhere is this more evident than with regard to retirement decision-making. Indeed,...

Persistent link: https://www.econbiz.de/10013124840

What Does Financial Literacy Training Teach Us?

Carlin, Bruce Ian - 2010

This paper uses a quasi natural experiment to explore how financial education changes savings, investment, and consumer …

Persistent link: https://www.econbiz.de/10013139151

Index Investment and Financialization of Commodities

Tang, Ke - 2010

This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s …

Persistent link: https://www.econbiz.de/10013137731

Betting on Death and Capital Markets in Retirement : A Shortfall Risk Analysis of Life Annuities

Dus, Ivica - 2005

Retirees must draw down their accumulated assets in an orderly fashion, so as not to exhaust their funds too soon. We compare alternative phased withdrawal strategies to a life annuity benchmark using German data; one particular phased withdrawal rule seems attractive, as it offers relatively low...

Persistent link: https://www.econbiz.de/10012784759

Optimal Value and Growth Tilts in Long-Horizon Portfolios

Jurek, Jakub W. - 2006

over wealth at a finite horizon who faces an investment opportunity set with time-varying risk premia, real interest rates … and inflation. The variation in investment opportunities is captured by a flexible vector autoregressive parameterization … is an affine function of the vector of state variables describing investment opportunities, with coefficients that are a …

Persistent link: https://www.econbiz.de/10012782413