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The Impact of Temporal Framing on the Marginal Propensity to Consume
(2021-02-23)
We conducted a large-scale household survey in November 2020 to study how altering the time frame of a message (temporal framing) regarding an imminent positive income shock affects consumption plans. The income shock ...
Gender Differences in Financial Advice
(2015-03-04)
We show that financial advisors recommend more costly products to female clients, based onminutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ...