Please use this identifier to cite or link to this item:
https://hdl.handle.net/10620/18074
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DC Field | Value | Language |
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dc.contributor.author | Sinning, M | - |
dc.contributor.author | Kassenböhmer, Sonja C. | - |
dc.contributor.author | Sinning, Mathias | - |
dc.date.accessioned | 2019-04-13T03:40:53Z | en |
dc.date.accessioned | 2014-05-13T06:00:56Z | en |
dc.date.available | 2014-05-13T06:00:56Z | en |
dc.date.issued | 2013-12 | - |
dc.identifier.uri | https://hdl.handle.net/10620/18074 | en |
dc.identifier.uri | http://hdl.handle.net/10620/4006 | en |
dc.description.abstract | This paper analyzes the relationship between individuals’ locus of control and their savings behavior, i.e. wealth accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals’ beliefs about the controllability of life events and is a key component of self-control. We find that households with an internal reference person save more both in terms of levels and as a percentage of their permanent incomes. Although the locus-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor households. Finally, households with an internal reference person and average net worth hold significantly less financial wealth, but significantly more pension wealth, than otherwise similar households with an external reference person. | en |
dc.subject | Income & Finance -- Wealth | en |
dc.subject | Families -- Households | en |
dc.subject | Income & Finance -- Financial Management (inc Budgeting) | en |
dc.title | Locus of Control and Savings | en |
dc.type | Reports and technical papers | en |
dc.identifier.url | https://www.iza.org/publications/dp/7837/locus-of-control-and-savings | en |
dc.identifier.survey | HILDA | en |
dc.description.institution | Institute for the Study of Labor (IZA) | en |
dc.title.report | Discussion Paper no 7837 | en |
dc.description.keywords | Savings | en |
dc.description.keywords | Wealth | en |
dc.description.keywords | Households | en |
dc.description.pages | 48 | en |
dc.title.series | IZA Discussion Papers | en |
local.identifier.id | 4488 | en |
dc.description.additionalinfo | Paper No. 7837 | en |
dc.subject.dss | Families and relationships | en |
dc.subject.dss | Income, wealth and finances | en |
dc.subject.dssmaincategory | Families | en |
dc.subject.dssmaincategory | Income & Finance | en |
dc.subject.dsssubcategory | Wealth | en |
dc.subject.dsssubcategory | Financial Management (inc Budgeting) | en |
dc.subject.dsssubcategory | Households | en |
dc.subject.flosse | Income, wealth and finances | en |
dc.subject.flosse | Families and relationships | en |
dc.relation.survey | HILDA | en |
dc.old.surveyvalue | HILDA | en |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
item.grantfulltext | none | - |
item.openairetype | Reports and technical papers | - |
item.fulltext | No Fulltext | - |
Appears in Collections: | Reports |
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