As China's population ages and the sustainability of the public pension system is at risk, personal savings become crucial. As such, the quality of financial planning for retirement (FPR) has been recognized as a key to safeguarding financial well-being during retirement. This study examines the...

This paper provides the first evidence that children's economic preferences vary systematically with parental mental health. Using experimentally elicited measures of economic preferences from more than 4,500 children in Bangladesh, we document that children of parents with indications of mental...

Children and their parents resemble each other in terms of economic preferences such as patience and risk tolerance. What drives the intergenerational correlation in preferences? We build a model of preference formation that combines genetic transmission, state influence through childcare...

Recent work in economics has developed survey-based measures of economic preferences that are "experimentally" or "behaviorally validated." We scrutinize this approach focusing on the Global Preference Survey (Falk et al., 2018, 2023). Replicating their behavioral validation on almost 2,000...

This paper provides the first evidence that children’s economic preferences vary systematically with parental mental health. Using experimentally elicited measures of economic preferences from more than 4,500 children in Bangladesh, we document that children of parents with indications of...

This paper provides the first evidence that children's economic preferences vary systematically with parental mental health. Using experimentally elicited measures of economic preferences from more than 4,500 children in Bangladesh, we document that children of parents with indications of mental...

Performance-contingent pay raises productivity, yet in the German Socio-Economic Panel (SOEP) only about 16% of workers report receiving performance pay, with the incidence being roughly seven percentage points higher among university graduates than among non-graduates. This coexistence of low...

Using granular security-level data from bond funds domiciled in the US and the euro area, we identify a market-based risk-taking channel of monetary policy transmission via the credit-risk and the maturity structure of bond funds' portfolios. We measure credit risk at the fund level as the...

Price premia between day-ahead and intraday electricity markets are well documented and often attributed to factors such as forecast errors or market frictions. However, existing explanations provide limited insight into why these price premia can exhibit a systematic diurnal structure, as...

A growing body of empirical research has developed measures of economic preferences related to risk taking and intertemporal choice. This research has documented pronounced heterogeneity in preferences across and within societies, and also provided evidence that these differences are culturally...

This study examines the relationship between financial risk tolerance and organizational resilience among small business managers in the Brazilian Northeast, a region strongly affected by economic fragility and intensified uncertainty during and after the COVID-19 pandemic. Using a positivist,...

We investigate how strongly the local environment beyond the family can contribute to understanding the formation of children's economic preferences. Building on precise geolocation data for around 6000 children, we use fixed effects, spatial autoregressive models and Kriging to capture the...

Digitalization is reshaping entrepreneurship, yet the mechanisms that translate new technological possibilities into entrepreneurial intention remain poorly understood, especially for resource-constrained small and medium-sized enterprises (SMEs). Building on the Theory of Planned Behaviour,...

This study examines the performance of trading strategies based on beta, idiosyncratic volatility (IVOL), MAX (lottery behavior), skewness, and tail risk in five major Asian markets, using data from 1999 to 2021. The most important determinant of cross-sectional differences in strategy premiums...

Objective:This study investigates gender differences in risk-taking behaviour, specifically in entrepreneurial decision-making, in line with the Lehman Sisters Hypothesis. The research, motivated by the 2008 Polish currency options crisis, seeks to understand the factors driving risky decisions,...