Auflistung LIF-SAFE Working Papers nach Forschungsbereich "Household Finance"

Anzeige der Dokumente 61-68 von 68

    • The Impact of Long-Run Macroeconomic Experiences on Personality 

      Vellekoop, Nathanaël (2016-08-01)
      Using two datasets containing demographically representative samples of the Dutch population, I study how lifetime experiences of aggregate labor market conditions affect personality. Three sets of findings are reported. ...

    • The Impact of Temporal Framing on the Marginal Propensity to Consume 

      Pauls, Thomas (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 ...

    • The Trading Response of Individual Investors to Local Bankruptcies 

      Laudenbach, Christine; Loos, Benjamin; Pirschel, Jenny; Wohlfart, Johannes (2020-03-20)
      We use data from a German online brokerage and a survey to show that retail investors sharply reduce risk-taking in response to nearby firm bankruptcies, which are not predictive of returns. The effects on trading are ...

    • Time Preferences over the Life Cycle 

      Kureishi, Wataru; Paule-Paludkiewicz, Hannah; Tsujiyama, Hitoshi; Wakabayashi, Midori (2020-02-01)
      We study whether and how time preferences change over the life cycle, exploiting representative long-term panel data. We estimate the age patterns of discount rates from age 25 to 80. In order to identify age effects, we ...

    • Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios 

      Calvet, Laurent E.; Sodini, Paolo (2013-03-21)
      This paper investigates risk-taking in the liquid portfolios held by a large panel of Swedish twins. We document that the portfolio share invested In risky assets is an increasing and concave function of financial wealth, ...

    • When Should Retirees Tap Their Home Equity? 

      Hambel, Christoph; Kraft, Holger; Meyer-Wehmann, André (2020-10-28)
      This paper studies a household’s optimal demand for a reverse mortgage. These contracts allow homeowners to tap their home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a ...

    • Who Are the Bitcoin Investors? Evidence from Indirect Cryptocurrency Investments 

      Lammer, Dominique Marcel; Hanspal, Tobin; Hackethal, Andreas (2019-12-10)
      Cryptocurrencies have received growing attention from individuals, the media, and regulators. However, little is known about the investors whom these financial instruments attract. Using administrative data, we describe ...

    • Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum 

      Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; Schimetschek, Tatjana (2014-01-01)
      This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show ...