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  1. "Repayment-by-purchase" helps consumers to reduce credit card debt
    Erschienen: [2020]
    Verlag:  Harvard Business School, [Boston, MA]

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    Sprache: Englisch
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    Schriftenreihe: Working paper / Harvard Business School ; 21, 060
    Schlagworte: consumer debt; goal pursuit; goal progress; financial decision-making; personal finance
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  2. The subjective inflation expectations of households and firms
    measurement, determinants, and implications
    Erschienen: June 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and... mehr

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    Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic choices in the data and help us make sense of the observed heterogeneous reactions to business-cycle shocks and policy interventions. We conclude by highlighting the relevant open questions and why tackling them is important for academic research and policy making.

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
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    hdl: 10419/263607
    Schriftenreihe: Discussion paper series / IZA ; no. 15391
    Schlagworte: macroeconomics; intertemporal choice; consumption; savings; surveys; monetary policy; fiscal policy; experiments; financial decision-making; cognition; communication
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  3. Scarcity and intertemporal choice
    Erschienen: [2022]
    Verlag:  Research Department, Federal Reserve Bank of Philadelphia, Philadelphia, PA

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    Schriftenreihe: Working papers / Research Department, Federal Reserve Bank of Philadelphia ; 22, 27 (August 2022)
    Schlagworte: scarcity; myopia; intertemporal choice; financial decision-making; economic psychology
    Umfang: 1 Online-Ressource (circa 101 Seiten), Illustrationen
  4. Proud to not own stocks
    how identity shapes financial decisions
    Erschienen: November 2022
    Verlag:  ECONtribute, Bonn

    This paper introduces a key factor influencing households' decision to invest in the stock market: how people view stockholders. Using survey data from the US and the Netherlands, we first document that the overwhelming majority of respondents view... mehr

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    This paper introduces a key factor influencing households' decision to invest in the stock market: how people view stockholders. Using survey data from the US and the Netherlands, we first document that the overwhelming majority of respondents view stockholders negatively - they are perceived as greedy, gambler-like, and selfish individuals. We then provide experimental evidence that such perceptions of identity-relevant characteristics causally influence decisionmaking: if people view stockholders more negatively, they are less likely to choose stock-related investments. Furthermore, by linking survey and administrative data, we show that negative perceptions strongly predict households' stock market participation, more so than leading alternative determinants. Beyond investment decisions, perceptions predict individuals' polarizing behavior towards stockholders, support for taxation and regulation of financial markets, and misreporting in surveys. Our findings provide a novel explanation for the puzzlingly low stock market participation rates around the world, new perspectives on the malleability of financial decision-making, and evidence for the importance of identity in economic decision-making.

     

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    Sprache: Englisch
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    hdl: 10419/278255
    Schriftenreihe: ECONtribute discussion paper ; no. 206
    Schlagworte: identity; perceptions; stock market participation; financial decision-making
    Umfang: 1 Online-Ressource (circa 129 Seiten), Illustrationen
  5. Proud to not own stocks
    how identity shapes financial decisions
    Erschienen: June 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper introduces a key factor influencing households' decision to invest in the stock market: how people view stockholders. Using surveys we conducted with nearly 8,500 individuals from eleven countries, we document that a large majority of... mehr

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    This paper introduces a key factor influencing households' decision to invest in the stock market: how people view stockholders. Using surveys we conducted with nearly 8,500 individuals from eleven countries, we document that a large majority of respondents view stockholders negatively - they are perceived as greedy, gambler-like, and selfish individuals. We then provide experimental evidence that such perceptions of identity-relevant characteristics causally influence decision-making: if people view stockholders more negatively, they are less likely to choose stock-related investments. Furthermore, by linking survey and administrative data, we show that negative perceptions strongly predict households' stock market participation, more so than leading alternative determinants. Our findings provide a novel explanation for the puzzlingly low stock market participation rates around the world, new perspectives on the malleability of financial decision-making, and evidence for the importance of identity in economic decision-making.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/278944
    Schriftenreihe: Discussion paper series / IZA ; no. 16246
    Schlagworte: identity; perceptions; stock market participation; financial decision-making
    Umfang: 1 Online-Ressource (circa 101 Seiten), Illustrationen