Household Financial Choice
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Household Finance
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Author : Sumit Agarwal
language : en
Publisher: Palgrave Macmillan
Release Date : 2020-10-23
Household Finance written by Sumit Agarwal and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-23 with Business & Economics categories.
Household finance studies is a relatively recent field, exploring a growing understanding of how households make financial decisions relating to the functions of consumption, payment, risk management, borrowing and investing; how institutions provide goods and services to satisfy these financial functions of households; and how interventions by firms, governments and other parties affect the provision of financial services. This timely book analyses existing findings about household behavior as well as findings related to policy interventions. With international case studies, this book reviews a topic of global importance and brings a crucial up-to-date survey of the field for researchers and postgraduate students.
Household Financial Management
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Author : Sumit Agarwal
language : en
Publisher: World Scientific
Release Date : 2023-10-18
Household Financial Management written by Sumit Agarwal and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-18 with Business & Economics categories.
This book is dedicated to showcasing the importance of household financial management through the lens of academic research, with the goal of enhancing the financial well-being of individuals.Through an exploration of households' financial choices over their lifecycle, the book aims to provide a comprehensive understanding of households' financial decision-making processes, grounded in economic models, policies, and data.This holistic perspective encompasses an awareness of the functioning of different market types and an appreciation of various cognitive and behavioral biases. As a result, readers would be better positioned to make informed financial choices.By further integrating theories and empirical evidence from economics and finance, the book provides readers with insights into actions they can take to circumvent common financial pitfalls and offers solutions for effectively addressing them.Supplementary Material Resources:Resources are available to students who adopt this textbook for their courses. These include: (1) PowerPoint deck. Please contact [email protected].
Household Finance
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Author : Russell W. Cooper
language : en
Publisher:
Release Date : 2013
Household Finance written by Russell W. Cooper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Asset allocation categories.
This paper studies household financial choices: why are these decisions dependent on the education level of the household? A life cycle model is constructed to understand a rich set of facts about decisions of households with different levels of education attainment regarding stock market participation, stock share in wealth, stock adjustment rate and wealth-income ratio. The model, including preferences and both participation and portfolio adjustment costs, is estimated to match the asset allocation decisions of different education groups. Using the estimated parameters we argue that education matters for financial decisions mainly through its effect on mean income. We also study the sensitivity of household financial decisions to: (i) government programs that support consumption floors and (ii) changes in reimbursement for medical expenditures.
Household Financial Management
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Author : Sumit Agarwal
language : en
Publisher: World Scientific Publishing Company
Release Date : 2023-10-18
Household Financial Management written by Sumit Agarwal and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-18 with categories.
This book is dedicated to showcasing the importance of household financial management through the lens of academic research, with the goal of enhancing the financial well-being of individuals. Through an exploration of households' financial choices over their lifecycle, the book aims to provide a comprehensive understanding of households' financial decision-making processes, grounded in economic models, policies, and data. This holistic perspective encompasses an awareness of the functioning of different market types and an appreciation of various cognitive and behavioral biases. As a result, readers would be better positioned to make informed financial choices. By further integrating theories and empirical evidence from economics and finance, the book provides readers with insights into actions they can take to circumvent common financial pitfalls and offers solutions for effectively addressing them.
Household Finance
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Author : Richard Deaves
language : en
Publisher: Oxford University Press
Release Date : 2024
Household Finance written by Richard Deaves and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024 with Business & Economics categories.
"Household Finance: An Introduction to Individual Financial Behavior is about how individuals make financial decisions, and how these financial decisions contribute to and detract from their well-being. What sort of decisions am I talking about? We all must manage our money, shifting our resources across time. Sometimes we need to consume more than is currently available to us. For example, people commonly borrow to purchase residential real estate, paying down their mortgage loans over time. At other times, we have excess funds that we can save and invest. The main reason to accumulate wealth is to amass a fund that we can draw down when older and less able and willing to earn labor income. It is crucial, then, that our savings be sufficient to ensure a comfortable retirement. It is not enough to save; our savings must be invested appropriately so as to properly counterbalance risk and return. One way is to buy low-cost mutual funds or exchange-traded funds where the job of diversification is done for us. Some of us, however, purchase not only investment funds but also individual securities that we ourselves select. If so, it is vital that we avoid preventable errors. And, along the way, since the world is unpredictable, it is appropriate to protect ourselves by insuring against the sort of catastrophic loss that can derail our best-laid financial plans"--
Household Financial Choice
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Author : Michael S. Finke
language : en
Publisher:
Release Date : 2011
Household Financial Choice written by Michael S. Finke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Electronic Dissertations categories.
This dissertation examines household characteristics the impact financial decision making. The first essay explores the role of cognitive ability in numeracy, risk tolerance, credit decisions, wealth and retirement savings and asset allocation and finds that cognitive ability is an important predictor of financial decisions. The second essay develops a new instrument to measure time discounting and models asset accumulation and asset allocation and finds that a factor score of intertemporal behaviors is significantly related to both asset accumulation and asset allocation. The third essay documents the decline in basic financial knowledge among households over 60 using a new financial literacy instrument developed to more accurately capture a household's ability to make effective balance sheet, credit, investment, and insurance choices.
Master Your Money
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Author : Tiago Alves
language : en
Publisher: stiago
Release Date : 2023-11-01
Master Your Money written by Tiago Alves and has been published by stiago this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-01 with Business & Economics categories.
Welcome to the beginning of your journey into the world of personal finance. In this introductory section, we embark on a voyage to unravel the fundamental principles that govern our financial lives. As you delve into the concepts and strategies presented in this guide, you'll gain a comprehensive understanding of how to manage your money, make informed decisions, and pave the way for a secure and prosperous financial future. At its core, personal finance encompasses the art and science of managing your money, making wise financial choices, and achieving your financial goals. Whether you're navigating day-to-day expenses, planning for major life milestones, or building wealth over time, the principles of personal finance are your compass to navigate the complex financial landscape.
Behavioral Household Finance
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Author : John Leonard Beshears
language : en
Publisher:
Release Date : 2018
Behavioral Household Finance written by John Leonard Beshears and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Consumer education categories.
This chapter provides an overview of household finance. The first part summarizes key facts regarding household financial behavior, emphasizing empirical regularities that are inconsistent with the standard classical economic model and discussing extensions of the classical model and explanations grounded in behavioral economics that can account for the observed patterns. This part covers five topics: consumption and savings, borrowing, payments, asset allocation, and insurance. The second part addresses interventions that firms, governments, and other parties deploy to shape household financial outcomes: education and information, peer effects and social influence, product design, advice and disclosure, choice architecture, and interventions that directly target prices or quantities.
Household Finance
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Author : Francisco J. Gomes
language : en
Publisher:
Release Date : 2020
Household Finance written by Francisco J. Gomes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Finance, Personal categories.
Household financial decisions are complex, interdependent, and heterogeneous, and central to the functioning of the financial system. We present an overview of the rapidly expanding literature on household finance (with some important exceptions) and suggest directions for future research. We begin with the theory and empirics of asset market participation and asset allocation over the lifecycle. We then discuss household choices in insurance markets, trading behavior, decisions on retirement saving, and financial choices by retirees. We survey research on liabilities, including mortgage choice, refinancing, and default, and household behavior in unsecured credit markets, including credit cards and payday lending. We then connect the household to its social environment, including peer effects, cultural and hereditary factors, intra-household financial decision making, financial literacy, cognition and educational interventions. We also discuss literature on the provision and consumption of financial advice.
Behavioral Household Finance
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Author : John Beshears
language : en
Publisher:
Release Date : 2018
Behavioral Household Finance written by John Beshears and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This chapter provides an overview of household finance. The first part summarizes key facts regarding household financial behavior, emphasizing empirical regularities that are inconsistent with the standard classical economic model and discussing extensions of the classical model and explanations grounded in behavioral economics that can account for the observed patterns. This part covers five topics: consumption and savings, borrowing, payments, asset allocation, and insurance. The second part addresses interventions that firms, governments, and other parties deploy to shape household financial outcomes: education and information, peer effects and social influence, product design, advice and disclosure, choice architecture, and interventions that directly target prices or quantities.