Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/304393 
Autor:innen: 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
IMFS Working Paper Series No. 211
Verlag: 
Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), Frankfurt a. M.
Zusammenfassung: 
Findings from four recent projects on how neighbors, peers, financial advisors, and exogenous stressors affect wealth accumulation are presented. Having neighbors with college economics or business education promotes retirement saving. Greater local wealth inequality and mobility at the start of economic life motivate college graduates to take portfolio risks and achieve greater wealth, leaving others behind. Financial advice from unbiased professionals differs from peer advice in how it relates to advisor and advisee characteristics. Background stressors, such as crises, wars, and personal problems, occupy savers' minds. In an incentivized online experiment, background cognitive load consistently dampened consumption and promoted saving.
Schlagwörter: 
Wealth accumulation
peer effects
household finance
retirement saving
wealth inequality
financial advice
cognitive load
JEL: 
G5
G11
E21
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
640.68 kB





Publikationen in EconStor sind urheberrechtlich geschützt.