| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26817 |
| 来源ID | Working Paper 26817 |
| Perceived Precautionary Savings Motives: Evidence from FinTech | |
| Francesco D’Acunto; Thomas Rauter; Christoph K. Scheuch; Michael Weber | |
| 发表日期 | 2020-03-16 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary goods. Interestingly, liquid users react more than others but do not tap into negative deposits. The credit line acts as a form of insurance. These results are not fully consistent with models of financial constraints, buffer stock models, or present-bias preferences. We label this channel perceived precautionary savings motives: Liquid users behave as if they faced strong precautionary savings motives even though no observables, including elicited preferences and beliefs, suggest they should. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Monetary Policy ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w26817 |
| 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/584518 |
| 推荐引用方式 GB/T 7714 | Francesco D’Acunto,Thomas Rauter,Christoph K. Scheuch,et al. Perceived Precautionary Savings Motives: Evidence from FinTech. 2020. |
| 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 | ||
| w26817.pdf（782KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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