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We combine data from a risk preference elicitation experiment conducted on a representative sample via the Internet with laboratory data on student subjects for the same experiment in order to investigate effects of implementation mode and of subject pool selection. We find that the frequency of...
Persistent link: https://www.econbiz.de/10012725549
Economic theory suggests that households should invest their financial wealth in a combination of cash and a well-diversified equity portfolio. Yet, many households' equity investments are strongly concentrated in a few assets. Attempts to explain this discrepancy have included low levels of...
Persistent link: https://www.econbiz.de/10008872005
Persistent link: https://www.econbiz.de/10009015372
We analyse risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch respondents. Our econometric model incorporates four structural parameters that vary with observed and unobserved characteristics: Utility curvature, loss aversion, preferences towards...
Persistent link: https://www.econbiz.de/10012719070
We analyse risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch respondents. Our econometric model incorporates four structural parameters that vary with observed and unobserved characteristics: Utility curvature, loss aversion, preferences towards...
Persistent link: https://www.econbiz.de/10012764659
High replacement rates from public old age insurance might lead to the belief that little room is left for private sector life annuities in Germany. Taking a closer look, we find a small market with a surprisingly large variety of products. Due to the recent pension reform and future ones to...
Persistent link: https://www.econbiz.de/10012778741
High replacement rates from public old age insurance might lead to the belief that little room is left for private sector annuities in Germany. Taking a closer look, we find a small market with a surprisingly large variety of products. Due to the recent pension reform and future ones to come the...
Persistent link: https://www.econbiz.de/10005434920
We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a twenty-five year period in three different cross-sectional surveys we aggregate data by date-of-birth cohort to construct a...
Persistent link: https://www.econbiz.de/10005434954
Diese Arbeit untersucht die zum Teil erstaunlich hohen Mortalitätsunterschiede in Baden-Württemberg. Zunächst wird die Möglichkeit ausgeschlossen, dass diese allein auf Zufallsschwankungen oder Fehlern im Meldewesen beruhen. Es schließen sich einige methodische ÄUberlegungen an, bevor eine...
Persistent link: https://www.econbiz.de/10005467810
type="main" <title type="main">ABSTRACT</title> <p>Household investment mistakes are an important concern for researchers and policymakers alike. Portfolio underdiversification ranks among those mistakes that are potentially most costly. However, its roots and empirical importance are poorly understood. I estimate...</p>
Persistent link: https://www.econbiz.de/10011203589