Three Essays On Household Finance
DOWNLOAD
Download Three Essays On Household Finance PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Three Essays On Household Finance book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Three Essays On Household Finance
DOWNLOAD
Author : Christiana Marina Sintou
language : en
Publisher:
Release Date : 2020
Three Essays On Household Finance written by Christiana Marina Sintou and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Three Essays In Household Finance
DOWNLOAD
Author : Frederick Kibon Changwony
language : en
Publisher:
Release Date : 2013
Three Essays In Household Finance written by Frederick Kibon Changwony and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Three Essays In Household Finance
DOWNLOAD
Author : Yannis Mesquida
language : en
Publisher:
Release Date : 2019
Three Essays In Household Finance written by Yannis Mesquida and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Thèse. HEC. 2019
Three Essays In Household Finance
DOWNLOAD
Author : Brian K. Baugh
language : en
Publisher:
Release Date : 2017
Three Essays In Household Finance written by Brian K. Baugh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Home economics categories.
In the third essay, I study the extent to which defined contribution (DC) asset allocation is influenced by plan defaults and whether individuals exercise their option to leave the DC plan. I analyze the investments of 13,500 employees in a state-sponsored retirement plan and find persistent effects of default allocations. Cohorts born in the 1990s hold 16.5% less in money market funds (the historical default allocation) and over 25% more in target date funds (the current default allocation) than those born in the 1980s and earlier. I then analyze a unique feature of the DC plan which enables individuals to transition to a defined benefit (DB) plan (or DB/DC mix) five years after their initial hire date. I find that 22% of individuals exercise this option, 90% of which switch to a more conservative plan. Switching out of DC plans is concentrated in years following the Great Recession and decreases substantially in the post-recession recovery. Individuals invested in the guaranteed return fund are the least likely to exercise the option to switch plans.
Three Essays On Household Finance
DOWNLOAD
Author : Alexander Calen Aberlin Kaufman
language : en
Publisher:
Release Date : 2010
Three Essays On Household Finance written by Alexander Calen Aberlin Kaufman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
This dissertation presents three essays on household finance. All three focus on contemporary U.S. consumer credit markets, with particular attention paid to how market organization and firm incentives mediate the way firms interact with customers and the types of contracts they offer. The first essay examines the question of whether securitization was responsible for poor underwriting standards during the recent mortgage crisis. The second essay attempts to quantify the effect of Fannie Mae and Freddie Mac's intervention in the conforming mortgage market on equilibrium outcomes such as price and contract structure. The third essay investigates how mutual ownership of a firm by its customers can limit that firm's incentive to offer contracts meant to take advantage of customers' behavioral biases.
Three Essays In Household Finance
DOWNLOAD
Author : Ahmad-Reza Michael Sharifi
language : en
Publisher:
Release Date : 2017
Three Essays In Household Finance written by Ahmad-Reza Michael Sharifi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This dissertation examines the role of housing in the portfolio. The first chapter incorporates home price index futures into a household portfolio choice problem. The second chapter suggests and evaluates the predictive power of Microdata-based variables for forecasting home prices. The third chapter presents a theoretical model of mortgage default which emphasizes the service flow of owning a home.
Three Essays On Household Finance
DOWNLOAD
Author : Arpit Gupta
language : en
Publisher:
Release Date : 2016
Three Essays On Household Finance written by Arpit Gupta and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This dissertation centers on the role of adverse shocks to household balance sheets in understanding consumer default behavior. The first chapter studies the role of foreclosure contagion: the role of proximate foreclosures in causally triggering other nearby residential defaults and foreclosures. I find that foreclosure activity causally increases nearby rates of consumer defaults. This paper uses an instrument further examined in the second essay which analyzes the role for adverse selection and moral hazard in mortgage markets; using as a distinction the initial and post-reset interest rates paid on Adjustable-Rate Mortgage contracts. The final essay analyzes the role for cancer diagnosis shocks on household default behavior.
Three Essays In Household Finance
DOWNLOAD
Author : Andreas Fagereng
language : en
Publisher:
Release Date : 2012
Three Essays In Household Finance written by Andreas Fagereng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Families categories.
This thesis contains three chapters relating to the field of household finance. In the first chapter household life cycle investment behaviour is investigated using a panel of Norwegian administrative data and tax records. Dealing with selection and identification issues, the data suggests a double adjustment as people age: a rebalancing of the portfolio away from stocks as households approach retirement, and a peak in stock market participation around the time when they reach retirement. A theoretical model predicting these life cycle patterns of investment behavior is then provided. This is achieved by extending existing models with a per period participation cost in risky asset markets and a small perceived probability of being cheated. In the second chapter the relation between household financial asset holdings and unemployment is investigated. Consistent with a simple theoretical model, the data shows increased savings and a shift towards safer assets in the years leading up to unemployment, and depletion of savings during unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that private savings can complement publicly provided unemployment insurance. The final chapter identifies the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. A severance payment worth 1.2 months' earnings lowers the fraction re-employed after one year by six percentage points. This effect is decreasing in wealth, which supports the view that the effect of severance pay should be interpreted as evidence of liquidity constraints. Finding liquidity constraints in Norway, despite its equitable wealth distribution and generous welfare state, suggests they are likely to exist also in other countries.
Essays In Household Finance
DOWNLOAD
Author : Fernando Lopez (Professor of finance)
language : en
Publisher:
Release Date : 2014
Essays In Household Finance written by Fernando Lopez (Professor of finance) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Electronic dissertations categories.
This dissertation consists of three essays that examine the determinants of individual financial decision making and the welfare implications of those decisions. In the first essay, I consider an important dimension of individual welfare, namely mental health, to study whether the use of different financial services helped to withstand the damage caused by a large earthquake that hit Chile in February 2010. Using a rich nationally representative panel data set and geographic differences in ground shaking caused by the earthquake as an exogenous source of damage, I find that earthquake insurance reduced the incidence of post-traumatic stress disorder (PTSD) by more than 50% among individuals who lived in properties that were damaged by the earthquake. However, I find no significant effects for the amount of savings and bank relationships. Overall, these results suggest that the welfare impact of financial services is driven by the ability to transfer resources across states of the world, but not through time. In the second essay, I study the extent to which low income students in the U.S. understand and take into consideration the financial aspects of their higher education. Using a rich data set from a large U.S. non-profit organization, I find that low income post-secondary students are poorly informed about three main financial aspects of their higher education: expected income, financing costs and opportunity cost of being enrolled. This result holds for students who are academically talented, have been exposed to financial education (including a semester-long personal finance class) and relevant financial experiences. Furthermore, preliminary results of a randomized controlled trial (N=117) suggest that an hour-long financial education workshop on the main financial aspects of college increases students' GPA by 0.2 points (p-value=0.15) and their ability to receive financial aid from the non-profit organization by 11.4 percentage points (p-value=0.25). Overall, these results suggest that (lack of) financial literacy can affect both educational attainment and financial outcomes of low income post-secondary students. In the third essay, I study if civic capital, defined as the set of values and beliefs within a community that promote cooperation for socially valuable purposes (Guiso, Sapienza and Zingales, 2011), affects the use of deposit accounts among Chilean households. Using an institutional setting of limited supply side barriers for access to deposit accounts and a rich household data set, I find that households from areas with higher levels of civic capital, measured as the rate of registration to vote, are more likely to have savings accounts and hold larger amounts in those accounts. This association is stronger for households that are less educated and less intensive users of communication and information devices such as phone, computer and the internet. These results are consistent with the idea that civic capital helps to overcome educational and informational barriers that limit the demand for deposit accounts.
Essays In Household Finance
DOWNLOAD
Author : Benjamin Guin
language : en
Publisher:
Release Date : 2017
Essays In Household Finance written by Benjamin Guin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This thesis consists of four independent essays on households' financial decisions. The first three essays examine relationships between households and banks. The first essay examines the determinants and aggregate implications of households' borrowing decisions on the mortgage market (chapter 1). The second essay analyses the determinants of households' access to and usage of bank accounts in transition economies (chapter 2). The third essay examines the behavior of households if banks are in distress with respect to their withdrawal decisions from deposit accounts (chapter 3). The last essay analyses the role of cultural determinants for households' saving decisions (chapter 4).