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Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that …
Persistent link: https://www.econbiz.de/10011478422
macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …
Persistent link: https://www.econbiz.de/10013047673
This study uses data from the Panel Study of Income Dynamics to examine whether self-regulation, proxied by regularly dining together with family, is associated with better financial preparedness and greater wealth accumulation across time among households. Findings reveal that individuals who...
Persistent link: https://www.econbiz.de/10011451755
Using the propensity to engage in extra-marital activities as a proxy for sensation seeking behavior, we show that sensation-seeking households exhibit riskier economic behavior. They are more likely to obtain a home loan and, conditional upon borrowing, they choose larger loans. Banks are at...
Persistent link: https://www.econbiz.de/10012985420
This paper examines the role of spousal trust in intra-household decision making through its potential of inciting the … perspective, our findings have important implications for the design and evaluation of household-based (saving) interventions by …
Persistent link: https://www.econbiz.de/10012498329
The subject of the study is the phenomenon of household financialization. In the first part of the article a sense of … the years 2005-2015. On the side of household savings, the analysis included the level and the structure of financial … assets. The second area of evaluation of the household financialization processes was bank debt analysis, including mortgage …
Persistent link: https://www.econbiz.de/10011865447
Using a monthly panel dataset of individuals' debt composition including mortgage and nonmortgage consumer credit, we show that house price changes can explain a significant fraction of personal debt composition dynamics. We exploit the variation in local house price growth as shocks to...
Persistent link: https://www.econbiz.de/10011747818
Behavioral economics identifies myriad deviations from classical economic assumptions about consumer decision-making, but lacks evidence on how its diverse phenomena fit together and whether they are amenable to modeling as low-dimensional constructs. We pursue such parsimony on three fronts,...
Persistent link: https://www.econbiz.de/10012964027
through which financial system uncertainty affects household decisions. …
Persistent link: https://www.econbiz.de/10010414215
I exploit a natural experiment to show that household investment decisions depend on the manner in which information is …
Persistent link: https://www.econbiz.de/10011709245