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  1. Locus of control, savings and propensity to save
    Erschienen: July 2020
    Verlag:  Cardiff Business School, Cardiff University, Cardiff, United Kingdom

    We study the relationship between saving choices and a key psychological characteristic such as locus of control using data from a longitudinal survey representative of the Dutch population. Locus of control measures the extent to which individuals... mehr

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    We study the relationship between saving choices and a key psychological characteristic such as locus of control using data from a longitudinal survey representative of the Dutch population. Locus of control measures the extent to which individuals perceive their life outcomes to be determined by their own actions, as opposed to external factors. Our findings show that those who believe to be in control of future outcomes save more, both at the extensive(probability to save) and intensive margins (amount of savings). We also investigate the mechanisms behind the relationship. Locus of control may affect both the propensity to save for general purposes and savings to achieve a specific purchase goal (e.g.buying a house). We find that both channels are significant, the latter being more sizeable.

     

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    hdl: 10419/250320
    Schriftenreihe: Cardiff economics working papers ; no. E2020, 10
    Umfang: 1 Online-Ressource (circa 29 Seiten)
  2. Strategic compromise, policy bundling and interest group power
    Erschienen: December 2020
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Policy reforms are often multifaceted. In the rent-seeking literature policies are usually taken as one-dimensional. This paper models policy formation using a political contest with endogenous policy proposals containing two dimensions. The two... mehr

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    Policy reforms are often multifaceted. In the rent-seeking literature policies are usually taken as one-dimensional. This paper models policy formation using a political contest with endogenous policy proposals containing two dimensions. The two dimensions provide an opportunity to trade off one policy over another to make the lobbying opposition less aggressive. In a first stage, the Government proposes a reform over the two policies, and in a second stage engages in a contest with an Interest Group over the enactment of the proposed reform. As a result, the Government makes a compromise, under-proposing in the policy the Interest Group opposes and over-proposing in the policy the Interest Group desires. Effectively, there will be strategic bundling of desired policies with undesired ones in an attempt to increase enactment probability and overall utility.

     

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    hdl: 10419/232676
    Schriftenreihe: Discussion paper series / IZA ; no. 13924
    Umfang: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  3. Fear of the dark
    how terrorist events affect trust in the long run
    Erschienen: [2020]
    Verlag:  BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Università Bocconi, Milano, Italy

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    Schriftenreihe: Working paper series / Bocconi ; n. 149 (December 2020)
    Schlagworte: Social capital; Trust; Terrorism; Value formation
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  4. Permanent versus transitory income shocks over the business cycle
    Erschienen: 01 Nov 2019
    Verlag:  The Institute for Fiscal Studies, London

    This paper investigates how different income shocks shape consumption dynamics over the business cycle. First, we break new ground by creating a unique, panel dataset of transitory and permanent income shocks, using subjective income expectations... mehr

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    This paper investigates how different income shocks shape consumption dynamics over the business cycle. First, we break new ground by creating a unique, panel dataset of transitory and permanent income shocks, using subjective income expectations from the Dutch Household Survey. Second, we evaluate whether these observed income shocks help to explain contractions in aggregate consumption over the two most recent crises. We find that the income shocks experienced during the 2008-2009 Global Financial Crisis are of a different nature than the shocks experienced during the 2011-2012 Sovereign Debt Crisis, with the 2011-2012 shocks being perceived as more permanent. This helps explain why consumption falls less during the Global Financial Crisis, despite the fact that income declines more than during the Sovereign Debt Crisis.

     

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    hdl: 10419/223273
    Schriftenreihe: IFS working paper ; W19, 29
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  5. Consumption responses to a large shock to financial wealth
    evidence from Italy
    Erschienen: [2017]
    Verlag:  [University of Essex, Department of Economics], Colchester

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    Schriftenreihe: Economics discussion papers / University of Essex, Department of Economics
    Schlagworte: Wealth effects; household consumption; the Great Recession
    Umfang: 1 Online-Ressource (circa 54 Seiten)
  6. Collective negative shocks and preferences for redistribution: evidence from the COVID-19 crisis in Germany
    Erschienen: December 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Using new data from a three-wave panel survey administered in Germany between May 2020 and May 2021, this paper studies the impact of a negative shock affecting every strata of the population, such as the development of COVID-19, on preferences for... mehr

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    Using new data from a three-wave panel survey administered in Germany between May 2020 and May 2021, this paper studies the impact of a negative shock affecting every strata of the population, such as the development of COVID-19, on preferences for redistribution. Exploiting the plausibly exogenous change in severity of the infection rate at the county level, we show that, contrary to some theoretical expectations, the worse the crisis, the lower the support for redistribution of our respondents. We provide further suggestive evidence that this is not driven by a decrease in inequality aversion, but this might be the result of a decrease in trust in the institutions who are in charge of redistributive policies.

     

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    hdl: 10419/250630
    Schriftenreihe: Discussion paper series / IZA ; no. 14969
    Schlagworte: preference for redistribution; inequality aversion; COVID-19
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  7. Permanent versus transitory income shocks over the business cycle
    Erschienen: [2021]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1354 (October 2021)
    Schlagworte: subjective expectations; income shocks; consumption; business cycle
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  8. Collective negative shocks and preferences for redistribution
    evidence from the COVID-19 crisis in Germany
    Erschienen: 2022
    Verlag:  KOPS Universität Konstanz, Konstanz

    Using new data from a three-wave panel survey administered in Germany between May 2020 and May 2021, this paper studies the impact of a negative shock affecting every strata of the population, such as the development of COVID-19, on preferences for... mehr

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    Using new data from a three-wave panel survey administered in Germany between May 2020 and May 2021, this paper studies the impact of a negative shock affecting every strata of the population, such as the development of COVID-19, on preferences for redistribution. Exploiting the plausibly exogenous change in severity of the infection rate at the county level, we show that, contrary to some theoretical expectations, the worse the crisis, the lower the support for redistribution of our respondents. We provide further suggestive evidence that this is not driven by a decrease in inequality aversion, but this might be the result of a decrease in trust in the institutions who are in charge of redistributive policies.

     

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    Schriftenreihe: Working paper series / Cluster of Excellence "The Politics of Inequality" ; no 08 (January 2022)
    Schlagworte: preferences for redistribution; inequality aversion; COVID-19
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  9. Locus of control, saving and propensity to save
    Erschienen: [2020]
    Verlag:  Università die Verona, Department of Economics, [Verona]

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    Schriftenreihe: Working paper series / Department of Economics, University of Verona ; WP number 6 (April 2020)
    Umfang: 1 Online-Ressource (circa 27 Seiten)
  10. Social media charity campaigns and pro-social behavior
    evidence from the Ice Bucket Challenge
    Erschienen: 2022
    Verlag:  Masaryk University, Brno

    Social media play a relevant role in shaping social attitudes and economic behaviors of individuals. One of the first very well-known examples of social media campaign is the Ice Bucket Challenge (IBC), a charity campaign that went viral on social... mehr

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    Social media play a relevant role in shaping social attitudes and economic behaviors of individuals. One of the first very well-known examples of social media campaign is the Ice Bucket Challenge (IBC), a charity campaign that went viral on social networks in August 2014 aiming at collecting money for the research on amyotrophic lateral sclerosis (ALS). We rely on UK longitudinal data to investigate the causal impact of the Ice Bucket Challenge on pro-social behaviors. In detail, this study shows that having been exposed to the IBC increases the probability of donating money, and it increases the amount of donating money among those who donate at most £100. We also find that exposure to the IBC has increased the probability of volunteering and the level of interpersonal trust. However, all these results, but the one on the intensive margins of donations, have a short duration, limited to less than one year, supporting the prevalent consensus that social media campaigns may have only short-term effects.

     

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    hdl: 10419/267971
    Auflage/Ausgabe: This version: July 6, 2022
    Schriftenreihe: MUNI ECON ; n. 2022, 09
    Schlagworte: Donations; Volunteering; Altruism; Social media campaigns; Ice bucket challenge
    Umfang: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  11. Intergenerational precautionary saving in Europe
    Erschienen: [2019]
    Verlag:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

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    Schriftenreihe: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2019, no. 13
    Schlagworte: Sparen; Intergenerationale Übertragung; Einkommen; Risiko; Familie; Europa
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  12. Selecting or rewarding tachers?
    international evidence from primary schools
    Erschienen: March 2019
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Using data from three waves of PIRLS, this paper examines the effect of teacher quality on fourth-grade students' literacy test scores by exploiting variations induced by reforms in teachers' selection and/or reward schemes. We construct an original... mehr

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    Using data from three waves of PIRLS, this paper examines the effect of teacher quality on fourth-grade students' literacy test scores by exploiting variations induced by reforms in teachers' selection and/or reward schemes. We construct an original data set of relevant reforms taking place at the national level over the last century and affecting the working conditions of primary school teachers, matching them by the year they entered the profession. After showing that teacher experience/age and qualification are significantly correlated with student competencies, we study the correlation between teacher working conditions (including recruitment, pay and retirement policies) and pupil achievement. Our identifying assumption is that the impact of reforms dissipates with the distance between the reform's introduction and entry into the profession. The results point to a more selective recruitment process and, to a lesser extent, more generous reward policies as effective ways to enhance student performance.

     

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    hdl: 10419/196698
    Schriftenreihe: Discussion paper series / IZA ; no. 12200
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  13. Labour supply responses to financial wealth shocks
    evidence from in Italy
    Erschienen: [2019]
    Verlag:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

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    Schriftenreihe: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2019, no. 10
    Schlagworte: Labour Supply; Financial wealth shocks; Wealth effects
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  14. Social media charity campaigns and pro-social behaviour
    evidence from the Ice Bucket Challenge
    Erschienen: April 2023
    Verlag:  Cardiff Business School, Cardiff University, Cardiff, United Kingdom

    Social media use plays an important role in shaping individuals' social attitudes and economic behaviours. One of the first well-known examples of social media campaigns is the Ice Bucket Challenge (IBC), a charity campaign that went viral on social... mehr

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    Social media use plays an important role in shaping individuals' social attitudes and economic behaviours. One of the first well-known examples of social media campaigns is the Ice Bucket Challenge (IBC), a charity campaign that went viral on social media networks in August 2014, aiming to collect money for research on amyotrophic lateral sclerosis (ALS). We rely on UK longitudinal data to investigate the causal impact of the Ice Bucket Challenge on pro-social behaviours. In detail, this study shows that having been exposed to the IBC increases the probability of donating money, and it also increases the amount of money donated among those who donate at most ¿100. We also find that exposure to the IBC has increased the probability of volunteering and the level of interpersonal trust. However, all these results, except for the result on the intensive margins of donations, are of short duration and are limited to less than one year. This supports the prevalent consensus that social media campaigns may have only short-term effects.

     

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    hdl: 10419/284168
    Schriftenreihe: Cardiff economics working papers ; no. E2023, 06
    Schlagworte: Donations; Volunteering; Altruism; Social media campaigns; Ice bucket challenge
    Umfang: 1 Online-Ressource (circa 20 Seiten), Illustrationen
  15. Social media charity campaigns and pro-social behaviour
    evidence from the Ice Bucket Challenge
    Erschienen: March 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Social media use plays an important role in shaping individuals' social attitudes and economic behaviours. One of the first well-known examples of social media campaigns is the Ice Bucket Challenge (IBC), a charity campaign that went viral on social... mehr

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    Social media use plays an important role in shaping individuals' social attitudes and economic behaviours. One of the first well-known examples of social media campaigns is the Ice Bucket Challenge (IBC), a charity campaign that went viral on social media networks in August 2014, aiming to collect money for research on amyotrophic lateral sclerosis (ALS). We rely on UK longitudinal data to investigate the causal impact of the Ice Bucket Challenge on pro-social behaviours. In detail, this study shows that having been exposed to the IBC increases the probability of donating money, and it also increases the amount of money donated among those who donate at most £100. We also find that exposure to the IBC has increased the probability of volunteering and the level of interpersonal trust. However, all these results, except for the result on the intensive margins of donations, are of short duration and are limited to less than one year. This supports the prevalent consensus that social media campaigns may have only short-term effects.

     

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    hdl: 10419/272673
    Schriftenreihe: Discussion paper series / IZA ; no. 16046
    Schlagworte: donations; volunteering; altruism; social media campaigns; Ice Bucket Challenge
    Umfang: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  16. Issue salience and women’s electoral performance
    theory and evidence from Google trends
    Erschienen: [2023]
    Verlag:  Department of Economics, Management and Statistics, University of Milano-Bicocca, Milan, Italy

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    Schriftenreihe: DEMS working paper series ; no. 527 (September 2023)
    Schlagworte: gender bias; elections; female politicians
    Umfang: 1 Online-Ressource (circa 38 Seiten)
  17. Issue salience and women's electoral performance
    theory and evidence from google trends
    Erschienen: January 2024
    Verlag:  CESifo, Munich, Germany

    In this paper we study whether and how the belief that the gender of politicians affects their competence on different issues influences electoral outcomes depending on the salience of those issues. We first propose a theoretical model of... mehr

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    In this paper we study whether and how the belief that the gender of politicians affects their competence on different issues influences electoral outcomes depending on the salience of those issues. We first propose a theoretical model of issue-specific gender bias in elections which can describe both the presence of a real comparative advantage ('kernel-of-truth' case, or stereotype) and the case of pure prejudice. We show that, if the bias exists, it influences electoral results and that its effect can be partially reversed by successful information transmission during the electoral campaign. We then empirically investigate the relation between issue salience and women's performance using US data on House and Senate elections. Estimates of issue salience are obtained using Google Trends data. Exploiting the longitudinal dimension of the dataset at district level and an IV strategy to rule out possible endogeneity, we show a positive correlation between the salience of those issues that are typically listed as feminine and women's electoral outcomes. We therefore conclude that a bias indeed exists. The average effect of the bias is sizable with respect to the share of votes for women candidates, even if not large enough to significantly increase the probability that women candidates win elections.

     

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    hdl: 10419/296011
    Schriftenreihe: CESifo working papers ; 10922 (2024)
    Schlagworte: gender bias; elections; female politicians
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  18. Household income expectations
    the role of shocks and aggregate conditions
    Erschienen: [2024]
    Verlag:  Università di Verona, Department of Economics, [Verona]

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    Schriftenreihe: Working paper series / Department of Economics, University of Verona ; WP number 4 (February 2024)
    Schlagworte: Income expectations; Expectation uncertainty; Expectation error; Income shocks; Aggregate conditions
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  19. Household income expectations
    the role of shocks and aggregate conditions
    Erschienen: February 2024
    Verlag:  Cardiff Business School, Cardiff University, Cardiff, United Kingdom

    We conduct an empirical investigation to examine how income shocks and aggregate conditions influence income expectations, expectation uncertainty and expectation errors. We use data from a large longitudinal Dutch survey collecting detailed... mehr

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    We conduct an empirical investigation to examine how income shocks and aggregate conditions influence income expectations, expectation uncertainty and expectation errors. We use data from a large longitudinal Dutch survey collecting detailed information on household income expectations. Our results show that income shocks, much more than aggregate conditions, induce a revision in income expectations across the entire spectrum of the income distribution. This expectation revision is consistent with an extrapolative behavior. We also observe that positive income shocks lead to an increase of expectation uncertainty. Our results partly confirm overreaction of respondents to income shocks, particularly for negative income shocks and high-income respondents. The above overall findings vary conditional on the position in the income distribution. This evidence may depend on different income processes and different degrees of awareness regarding the impact of income shocks and aggregate conditions.

     

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    Schriftenreihe: Cardiff economics working papers ; no. E2024, 7
    Schlagworte: ncome expectations; Expectation uncertainty; Expectation error; Income shocks; Aggregate conditions
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  20. Permanent versus transitory income shocks over the business cycle
    Erschienen: [2018]
    Verlag:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

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    Schriftenreihe: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2018, no. 23
    Schlagworte: Persistence of income shocks; income uncertainty; expectations; consumption; financial crisis
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  21. Retirement rigidities and the gap between effective and desired labour supply by older workers
    Erschienen: [2018]
    Verlag:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

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    Schriftenreihe: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2018, no. 05
    Schlagworte: Retirement; desired labour supply; exible retirement
    Umfang: 1 Online-Ressource (circa 33 Seiten)
  22. Banks information policies, financial literacy and household wealth
    Erschienen: October 31, 2012
    Verlag:  Alma Mater Studiorum - Università di Bologna, Department of Economics, Bologna, Italy

    We investigate the causal effect of financial literacy on financial assets, exploiting banks information policies for identification. In Italy, banks who belong to the PattiChiari consortium have implemented policies aimed at increasing transparency... mehr

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    DS 566 (852)
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    We investigate the causal effect of financial literacy on financial assets, exploiting banks information policies for identification. In Italy, banks who belong to the PattiChiari consortium have implemented policies aimed at increasing transparency and procedural simplification. These policies may affect individuals' financial literacy without involving any direct cost for clients in terms of time, effort or resources, as we show in the paper. We exploit confidential information on whether individuals have their main bank account in one bank in the PattiChiari consortium to instrument their financial literacy level. We show that these policies have a positive and significant effect on both knowledge of financial instruments and household financial assets. Our results suggest that banks information policies have the potential to be an effective tool to increase individuals' financial literacy and that the relationship between financial literacy and wealth is largely underestimated by standard regression models.

     

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    46
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/159691
    Schriftenreihe: Working paper DSE / Department of Economics, Università di Bologna ; no 852
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  23. Labour supply responses to financial wealth shocks
    evidence from Italy
    Erschienen: 2017
    Verlag:  Institute for Fiscal Studies, London

    We look at how strongly shocks to asset values affect labour supply, using Italian data. We use asset price shocks to provide a measure of wealth changes that is exogenous to households’ saving and labour supply. Our results point to significant... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 141 (2017,29)
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    We look at how strongly shocks to asset values affect labour supply, using Italian data. We use asset price shocks to provide a measure of wealth changes that is exogenous to households’ saving and labour supply. Our results point to significant effects of wealth on hours of work and on whether or not agents leave their jobs. The magnitude of these effects can be substantial, for example for those individuals who suffered larger wealth losses during the financial crisis. Family effects reflect similar responses from men and women on average. Older working-age individuals drive the population results.

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/200289
    Schriftenreihe: IFS working paper ; W17, 29
    Umfang: 1 Online-Ressource (circa 31 Seiten)
  24. Adults' financial literacy and households' financial assets
    the role of banks information policies
    Erschienen: 2014
    Verlag:  CESifo, München

    We investigate the role of banks information policies in fostering the accumulation of financial knowledge. In Italy, banks belonging to the PattiChiari Consortium implement policies aimed at increasing transparency and procedural simplification,... mehr

    Staats- und Universitätsbibliothek Bremen
    keine Fernleihe
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63 (5047)
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    We investigate the role of banks information policies in fostering the accumulation of financial knowledge. In Italy, banks belonging to the PattiChiari Consortium implement policies aimed at increasing transparency and procedural simplification, without offering services at lower cost with respect to other banks. We exploit this feature of the Italian banking system and show that these policies promote financial literacy. The increase in financial knowledge attributable to banks information policies significantly affects household financial assets. We use these policies as instruments to estimate the effect of financial literacy on financial assets, showing that it is significantly underestimated by OLS correlation.

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/105133
    Schriftenreihe: Array ; 5047
    Schlagworte: Finanzwissen; Privater Haushalt; Vermögen; Bank; Informationsvermittlung; IV-Schätzung; Italien
    Umfang: Online-Ressource (40 S.)
  25. The empirics of the median voter
    democracy, redistribution and the role of the middle class
    Erschienen: May 2009
    Verlag:  LIS, [Luxembourg]

    The paper investigates the effectiveness of the median voter as a decisive agent in the process of redistribution. According to the previous literature, it tests several assumptions finding interesting results: The positive relation between... mehr

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 153 (516)
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    The paper investigates the effectiveness of the median voter as a decisive agent in the process of redistribution. According to the previous literature, it tests several assumptions finding interesting results: The positive relation between inequality and redistribution is confirmed, but the median voter theorem seems not to be the driving force of this mechanism. Even if some results support the median voter hypotheses, many others go in the opposite direction. Moreover, results are in support of the presence of a political bias toward rich classes, particularly in non established democracies. Finally, the elasticity of redistribution to poor classes to their income has decreased over the last decade, suggesting a reduction of the policies in support of low income individuals. -- Income distribution ; Cash redistribution ; Political process ; Median voter theorem ; Time invariant unobserved heterogeneity

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/95345
    Schriftenreihe: Working paper / Luxembourg Income Study ; 516
    Schlagworte: Medianwähler-Modell; Mittelschicht; Umverteilung; Einkommensverteilung; Gini-Koeffizient; Welt
    Umfang: Online-Ressource (PDF-Datei: 23 S.)