-
Diskussionspapiere 1996 / 2022
A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we disentangle two mechanisms by performing a lab experiment designed to study the effects of social image concerns and peer information on consumption choices financed through debt taking. We find that ...
2022| Antonia Grohmann, Melanie Koch
-
Diskussionspapiere 1998 / 2022
Data is often at the core of digital products and services, especially when related to online advertising. This has made data protection and privacy a major policy concern. When surfing the web, consumers leave digital traces that can be used to build user profiles and infer preferences. We quantify the extent to which Facebook can track web behavior outside of their own platform. The network of engagement ...
2022| Luis Aguiar, Christian Peukert, Maximilian Schäfer, Hannes Ullrich
-
DIW Weekly Report 37 / 2022
The consumer debt of households in Germany totals in the triple-digit billions and is characterized by a wide range of interest rates. Despite the high volume of debt, many people do not know the terms of their consumer credit contracts. This report analyzes new survey data on general knowledge about typical forms of consumer credit, such as the overdraft facility and consumer loans. Women tend to ...
2022| Antonia Gipp, Jana Hamdan, Lukas Menkhoff
-
Refereed essays Web of Science
In sequential interactions, both the agent’s intention and the outcome of his choice may influence the principal’s action. While outcomes are typically observable, intentions are more likely to be hidden, leaving potential wiggle room for the principal when deciding on a reciprocating action. We employ a controlled experiment to investigate how intentions and outcome affect the principal’s actions ...
In:
Journal of Behavioral and Experimental Economics
100 (2022), 101913, 21 S.
| Jana Friedrichsen, Katharina Momsen, Stefano Piasenti
-
DIW Roundup 140 / 2022
Credit decisions play an important role for the economic wellbeing of households. However, the complexity of products and varying price information display makes it hard for consumers to navigate this field. Empirical evidence has important implications for consumer protection policies, as many people fail to make optimal choices for themselves and struggle to understand credit cost information. Presenting ...
2022| Antonia Gipp
-
Refereed essays Web of Science
This paper studies how the communication of political leaders affects the expectation formation of the public. Specifically, we examine the expectation management of the German government regarding COVID-19-related regulatory measures during the early phase of the pandemic. We elicit beliefs about the duration of these restrictions via a high-frequency survey of individuals, accompanied by an addi-tional ...
In:
Journal of Public Economics
209 (2022), 104659, 26 S.
| Peter Haan, Andreas Peichl, Annekatrin Schrenker, Georg Weizsäcker, Joachim Winter
-
Refereed essays Web of Science
We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in rural western Uganda. The treatments contrast “active learning” with traditional “lecturing” within standardized lesson-plans. After six months, active learning has a positive effect on savings and investment outcomes, in contrast to small or zero effects for lecturing. ...
In:
Journal of Development Economics
157 (2022), 102870, 9 S.
| Tim Kaiser, Lukas Menkhoff
-
Externe Monographien
Do financial education programs affect financial knowledge and behaviors? We examine this question using a meta-analysis that incorporates studies from the past decade, which saw a rapid increase in financial education research. When examining data from 76 financial education randomized experiments across 33 countries covering over 160,000 individuals, we find that financial education improves both ...
Denver:
NEFE,
2022,
9 S.
(Insights: Financial Capability ; April 2022)
| Tim Kaiser, Annamaria Lusardi, Lukas Menkhoff, Carly Urban
-
Diskussionspapiere 2004 / 2022
This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular. Therefore, we build a dynamic stochastic general equilibrium (DSGE) model that is capable of addressing this major ...
2022| Marius Clemens, Werner Röger
-
Externe Monographien
Diese Arbeit untersucht den Einfluss verhaltensökonomischer Aspekte und Bildung für die finanzielle Entwicklung. Sie besteht aus vier Kapiteln, welche jeweils ein separates Forschungspapier darstellen. Die Kapitel decken folgende Themen ab: Determinanten einer impulsiven Kreditaufnahme, Hindernisse bei finanzieller Inklusion, die Auswirkungen von finanzieller Bildung und die finanziellen Folgen eines ...
Berlin:
Humboldt-Univ.,
2022,
XVI, 186 S.
| Jana Samira Hamdan