Annual Conference

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Household Finance

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May 2024

We examine donation behaviors from the perspective of religious beliefs. Using a transaction-level dataset from an Asian economy, we find that individuals with higher income uncertainty are more likely to donate, especially for religious donations, and after negative income uncertainty and health sh...
Keywords: donation, income uncertainty, spiritual insurance, wishful thinking, religion
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Annual Conference

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Household Finance

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May 2024

Selection markets create a multitasking environment where intermediary agents often need to increase consumer take-up as well as resolve information asymmetries about consumer expected cost during the sales process. I study how artificial intelligence (AI) affects attention allocation and informatio...
Keywords: AI, intermediary agents, rational inattention, information acquisition, multitasking, incentives, selection markets, insurance, InsurTech, advertising, digital footprints, adverse selection, side effects
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Annual Conference

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Household Finance

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May 2024

This study examines the impact of real estate developers on homeownership and the role of regulatory interventions. Over recent decades, developers have substantially influenced global homeownership trends. Despite their pivotal role, concerns persist over operational uncertainties, including projec...
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Annual Conference

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Household Finance

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May 2024

Does household leverage matter for workers’ job search, matching in the labor market, and wages? Theoretically, household leverage has been shown to have opposing effects on the labor market through, among others, a debt-overhang and a liquidity constraint channel. To test which channels dominate ...
Keywords: Household leverage, household debt, job displacement, job search, macroprudential policy, wages.
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Annual Conference

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Household Finance

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May 2024

Using a novel representative sample of digital payment and fund investment data, we observe a robust U-shaped relation between individual investors’ consumption and their financial wealth shocks. Contrary to the prediction of the wealth effect, individuals increase their consumption shortly after ...
Keywords: Wealth shocks, Consumption responses, Behavioral finance, Individual investors, Financial retail therapy, Digital payment data
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