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Adopting, using, and discarding paper and electronic payment instruments: Variation by age and race

Mann, Ronald J. - 2011

significant age- and race-related differences in payments choices. Among other things, it suggests that the range of payment … access to financial institutions. With regard to age, it documents pervasive (and complex) age-related patterns at every step …

Persistent link: https://www.econbiz.de/10010282787

Discounting financial literacy: time preferences and participation in financial education programs

Meier, Stephan; Sprenger, Charles D. - 2008

Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...

Persistent link: https://www.econbiz.de/10010276778

Increasing the effectiveness of financial education in the workplace

Lusardi, Annamaria - 2008

Persistent link: https://www.econbiz.de/10010298401

Financial literacy: An essential tool for informed consumer choice?

Lusardi, Annamaria - 2008

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/10010298402

Household debt and saving during the 2007 recession

Chakrabarti, Rajashri; Lee, Donghoon; van der Klaauw, … - 2011

Using credit report records and data collected from several household surveys, we analyze changes in household debt and saving during the 2007 recession. We find that, while different segments of the population were affected in distinct ways, depending on whether they owned a home, whether they...

Persistent link: https://www.econbiz.de/10010287080

Mortgage prepayment, race, and monetary policy

Gerardi, Kristopher; Willen, Paul; Zhang, David Hao - 2021

During the period 2005 to 2020, Black borrowers with mortgages insured by Fannie Mae or Freddie Mac paid interest rates that were almost 50 basis points higher than those paid by nonHispanic white borrowers. We show that the main reason is that non-Hispanic white borrowers are much more likely...

Persistent link: https://www.econbiz.de/10012653488

Inter-Institutional Cooperation and Migrants' Financial Education: An Italian Case Study

Nocito, Samuel; Venturini, Alessandra - 2024

in Europe. The program evaluation underscores the essential role of cooperation between public and private institutions …

Persistent link: https://www.econbiz.de/10015096847

Institutions and economic growth: The role of financial inclusion, public spending on education and the military

Jungo, João - In: Review of Economics and Political Science (REPS) 9 (2024) 3, pp. 298-315

Purpose The paper aims to investigate the relationship between institutions and economic growth in developing countries … implications The study calls for strengthening institutions so that the financial system supports economic growth and suggests … institutions and economic growth by considering the role of financial inclusion, public spending on education and military spending …

Persistent link: https://www.econbiz.de/10015394547

Are Japanese households financially healthy, and if so, why? A Group of Seven (G7) comparison

Horioka, Charles Yuji - 2012

greater financial health of Japanese households is due more to culture or to government policies, institutions, and other non … explained much better by non-cultural factors than by culture. …

Persistent link: https://www.econbiz.de/10010332271

Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans

Horioka, Charles Yuj - 2014

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...

Persistent link: https://www.econbiz.de/10011421495