| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11900 |
| DP11900 Understanding the Determinants of Financial Outcomes and Choices: The Role of Noncognitive Abilities | |
| Kim Peijnenburg; Gianpaolo Parise | |
| 发表日期 | 2017-03-10 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We explore how financial distress and choices are affected by noncognitive abilities. Our measures stem from research in psychology and economics. In a representative panel of households, we find that people in the bottom decile of noncognitive abilities are five times more likely to experience financial distress compared to those in the top decile. Relatedly, individuals with lower noncognitive abilities make financial choices that increase their likelihood of distress: They are less likely to plan for retirement and save, and more likely to buy impulsively and to have unsecured debt. Causality is shown using childhood trauma as an instrument. |
| 主题 | Financial Economics |
| 关键词 | Noncognitive abilities Financial distress Financial choices Saving Unsecured debt Behavioral finance Psychology and economics |
| URL | https://cepr.org/publications/dp11900 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540712 |
| 推荐引用方式 GB/T 7714 | Kim Peijnenburg,Gianpaolo Parise. DP11900 Understanding the Determinants of Financial Outcomes and Choices: The Role of Noncognitive Abilities. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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