The Daily PerspectiveGovernment's $1,200 Relief Arrives as Household Costs Climb $7,200 Annually
#CostOfLiving #Inflation #Australia #HouseholdFinance #AusNews #AIGenerated
MarsdenFirst time I've seen a /debit/ card money-back scheme.(Plenty of credit-cards with, but they all have high enough annual fees (and low enough returns) that we'd struggle to break even.) It would require a little more forward planning to make sure we had the money in the right account when it was optimal (like today (school uniforms, ugh)) but even 1% of our 4-human-3-cat grocery spend over the course of a year would not be insignificant.
https://intercom.help/sharesies/en/articles/12369156-investback
Yonhap Infomax NewsKim Yong-beom expresses deep concern over South Korea's household financial welfare data, calling the statistics shocking and emotionally distressing.
#YonhapInfomax #KimYongBeom #HouseholdFinance #WelfareStatistics #SouthKorea #EconomicData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94183
#YonhapInfomax #KimYongBeom #HouseholdFinance #WelfareStatistics #SouthKorea #EconomicData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94183
tarale
Benedict Guttman-KenneyGreat to see our short buy now pay later (BNPL) paper published! 💳 🥳
Hope our open access publication helps generate LOTS of #BNPL research! #HouseholdFinance #EconTwitter
Christian ZimpelmannInvesting money? Looking for a new job?
Often, we do not know the probabilities of potential outcomes (aka ambiguity).
Yet, we know much less about ambiguity attitudes, compared to risk attitudes.
New WP (joint with @econ_hmg and Axel Wogrolly) tries to change that.
Central Statistics Office ☑Households were most likely to receive intergenerational wealth transfers from their parents, with 70% of those who had received a transfer, inheriting, or being gifted it, from their parents.
https://www.cso.ie/en/releasesandpublications/ep/p-itw/intergenerationaltransferofwealth2020/?utm_source=Tw&utm_medium=Tw&utm_campaign=ITW
#CSOIreland #Ireland #Wealth #WealthTransfer #HouseholdFinance
More than a third of Irish households have received at least one inheritance or substantial gift at some point
https://www.cso.ie/en/releasesandpublications/ep/p-itw/intergenerationaltransferofwealth2020/?utm_source=Tw&utm_medium=Tw&utm_campaign=ITW
#CSOIreland #Ireland #Wealth #WealthTransfer #HouseholdFinance
https://www.cso.ie/en/releasesandpublications/ep/p-itw/intergenerationaltransferofwealth2020/?utm_source=Tw&utm_medium=Tw&utm_campaign=ITW
#CSOIreland #Ireland #Wealth #WealthTransfer #HouseholdFinance
Skewness expectations 📈 📉and portfolio choice
Main findings:
1. individuals’ skewness expectations are highly heterogeneous
2. respondents expect a higher variance and skewness for the individual stock compared to the index fund
3. portfolio allocations increase with the skewness of respondents’ subjective return expectations for the respective asset
Out now at Experimental Economics: https://link.springer.com/article/10.1007/s10683-022-09780-9
@behavioralecon @economics #HouseholdFinance
#paper #econtooter
Skewness expectations and portfolio choice - Experimental Economics
Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We elicit detailed return expectations for a broad index fund and a single stock in a representative sample of the Dutch population. The data show substantial heterogeneity in individuals’ skewness expectations of which only very little is captured by sociodemographics. Across assets, most respondents expect a higher variance and skewness for the individual stock compared to the index fund. Portfolio allocations increase with the skewness of respondents’ return expectations for the respective asset, controlling for other moments of a respondent’s expectations.
👋#EconTwitter We're running a panel session on using consumer credit bureau data at #AEA2023 #AFA2023 #ASSA2023 #HouseholdFinance
If you have questions about these please ask them anonymously via this form 👉https://forms.gle/MZPGsa1VeSZmQV766
We'll try to answer as many of your questions as possible during our panel. Thank you!🙏
Consumer Credit Reporting Q+A
Hello, We are running a session `A guide to consumer credit bureau data' at AEA 2023 (come join online & in-person 7th Jan, 2.30pm CT). Please let us know your questions about using these data. We'll try to cover as many of these as possible to help make this session useful. Thank you! Ben N.b. all responses are collected anonymously.