| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13191 |
| 来源ID | Working Paper 13191 |
| The Age of Reason: Financial Decisions Over the Lifecycle | |
| Sumit Agarwal; John C. Driscoll; Xavier Gabaix; David Laibson | |
| 发表日期 | 2007-06-29 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | In cross-sectional data sets from ten credit markets, we find that middle-aged adults borrow at lower interest rates and pay fewer fees relative to younger and older adults. Fee and interest payments are minimized around age 53. The measured effects are not explained by observed risk characteristics. We discuss several leading factors that may contribute to these effects, including age-related changes in experience and cognitive function, selection effects, and cohort effects. |
| 主题 | Microeconomics ; Households and Firms ; Economics of Information ; Financial Economics ; Financial Institutions ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w13191 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570860 |
| 推荐引用方式 GB/T 7714 | Sumit Agarwal,John C. Driscoll,Xavier Gabaix,et al. The Age of Reason: Financial Decisions Over the Lifecycle. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13191.pdf（363KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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