| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP11033
|
| DP11033 Household Financial Planning and Savings Behavior |
| Kees Koedijk
|
| 发表日期 | 2015-12-27
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | Greater personal responsibility towards financial decision-making is being advocated on a global basis. Individuals and households are encouraged to take a more active approach to personal finance. In this paper, we examine behavioral factors, which lead households towards savings and financial planning across a panel of 1,253 Dutch households. In line with the available literature, we find that an individual?s propensity to save decreases with age and is higher among the financial literate. Moreover, we find that saving behavior varies across generations, and is significantly dominant among baby boomers. This generation effect, however, weakens once we account for more individual specifics. Our results offer evidence for parental influence, and for the effects of the psychometrics of numeracy, self-efficacy, locus of control and future orientation. A good understanding of these personality variables helps to explain why some take financial responsibility while others do not. |
| 主题 | Financial Economics
|
| 关键词 | Intertemporal household choice
Life cycle models and saving
Consumption
Wealth
|
| URL | https://cepr.org/publications/dp11033
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539862
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推荐引用方式
GB/T 7714 |
Kees Koedijk. DP11033 Household Financial Planning and Savings Behavior. 2015.
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