Showing 1 - 10 of 83
I examine the financial fragility of German households during the second wave of COVID-19 infections in the winter of 2020/21 by analyzing the households’ ability to come up with EUR 2,000 within one month. About one in three households reports being unable to cover an unexpected expense of...
Persistent link: https://www.econbiz.de/10013479842
have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment …
Persistent link: https://www.econbiz.de/10012237275
Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a … measuring financial knowledge, but when this response option is unavailable, they often choose the correct answer. We estimate a …-third of the financial literacy gender gap can be explained by women’s lower confidence levels. Both financial knowledge and …
Persistent link: https://www.econbiz.de/10012431925
We examine the financial resilience of Austrian households, relating it to their experience of financial shocks earlier in life and to their financial literacy. We find that previous negative (positive) financial shocks are negatively (positively) related to financial resilience. Financial...
Persistent link: https://www.econbiz.de/10014473206
We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...
Persistent link: https://www.econbiz.de/10014504767
Financial literacy affects wealth accumulation, and pension planning plays a key role in this relationship. In a large field experiment, we employ a digital pension aggregation tool to confront a treatment group with a simplified overview of their current pension claims across all pillars of the...
Persistent link: https://www.econbiz.de/10013399826
Im internationalen Vergleich verfügen die Deutschen über ein relativ hohes Finanzwissen. Allerdings bedeutet dies nicht …, dass Finanzwissen universell verbreitet ist. Der Anteil der Befragten, die drei grundlegende Fragen zu Zins, Inflation und … geringem Einkommen und geringer Bildung deutlich niedriger. Wissenschaftliche Untersuchungen zeigen, dass sich Finanzwissen …
Persistent link: https://www.econbiz.de/10012431932
Persistent link: https://www.econbiz.de/10014486888
Households regularly fail to make optimal financial decisions. But what are the underlying reasons for this? Using two conceptually distinct measures of time inconsistency based on bank account transaction data and behavioral measurement experiments, we show that the excessive use of bank...
Persistent link: https://www.econbiz.de/10013205579
Using the Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households’ wealth in fifteen euro area countries, this paper explores how households allocate their assets. We derive stylized facts on asset participation as well as levels of asset holdings and...
Persistent link: https://www.econbiz.de/10010384151