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Pillai, Rajasekharan; Carlo, Rozita; D’souza, Rachel - 2010

Frugal expenditure habit is no less important than the basic illiteracies such as reading, writing and arithmetic. Present day youth are seemed to show callous expenditure, being independent, competitive and free-of-behaviour, that eventually lead them perpetually in debt. The present study...

Persistent link: https://www.econbiz.de/10015221427

Capital Taxation with Entrepreneurial Risk

Panousi, Vasia - 2009

entrepreneurial risk. Although it allows for rich general-equilibrium effects and a stationary distribution of wealth, the model is … following any change in tax policies. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk …

Persistent link: https://www.econbiz.de/10015222545

CONSUMER CREDIT DELINQUENCY AND BANKRUPTCY FORECASTING USING ADVANCED ECONOMETRC MODELING

Ji, Tingting - 2004

This research paper empirically shows that unemployment is significant in determining both consumer bankruptcy filings and delinquency even after controlling for household demographics. Furthermore, I show that unemployment and the debt/wealth ratio also affect the choice of whether to file for...

Persistent link: https://www.econbiz.de/10015227547

Reexamining the Empirical Relevance of Habit Formation Preferences

Cai, Zongwu; Liu, Xuan; Yang, Fang - 2012

We reexamine the empirical relevance of habit formation preferences with micro-data on households' portfolio choices. We first derive the analytical solution to the risky asset share in a theoretical model with both habits and time-varying labor income. Our analytical results indicate that (1)...

Persistent link: https://www.econbiz.de/10015231310

Does Relative Risk Aversion Vary with Wealth? Evidence from Households' Portfolio Choice Data

Liu, Xuan; Yang, Fang; Cai, Zongwu - 2012

We analyze whether relative risk aversion varies with wealth. We first derive theoretical predictions on how risky … Dynamics. Contrary to the existing literature, our empirical results show evidence of relative risk aversion varying with …

Persistent link: https://www.econbiz.de/10015234208

Consumption & Savings Behavior in Pakistan

Shaikh, Salman - 2012

wealth variables like total market capitalization of stocks. In line with theory, it was found that nominal national savings …

Persistent link: https://www.econbiz.de/10015234537

Housing Decision with Divorce Risk

Fischer, Marcel; Khorunzhina, Natalia - 2018

We build a realistically calibrated life-cycle model of housing decisions under divorce risk. As observed in the data … negatively affects homeownership, and this effect is long-lasting. The risk of a divorce triggers a precautionary savings motive … partially substitute for precautionary savings. When young, the larger asset accumulation due to divorce-risk induced …

Persistent link: https://www.econbiz.de/10015262095

Impact of Final Consumption, Domestic Investment, Exports, and Imports on Economic Growth in Albania

Akermi, Najwa; Ben Yedder, Nadia; Bakari, Sayef - 2023

The aim of this paper is to explore the impact of final consumption, domestic investment, exports and imports on economic growth in the case of Albania during the period 1996 – 2021. By using cointegration analysis, VECM model and WALD test, empirical analysis indicated that there is no...

Persistent link: https://www.econbiz.de/10015270559

Financial Literacy and Savings Account Returns

Deuflhard, Florian; Georgarakos, Dimitris; Inderst, Roman - 2014

Savings accounts are owned by most households, but little is known about the performance of households’ investments. We create a unique dataset by matching information on individual savings accounts from the DNB Household Survey with market data on account-specific interest rates and...

Persistent link: https://www.econbiz.de/10015241190

Portfolio Choice with Information-Processing Limits

Batchuluun, Altantsetseg; Luo, Yulei; Young, Eric - 2014

act as if they are more risk averse and more willing to substitute consumption intertemporally. …

Persistent link: https://www.econbiz.de/10015244125