Arbeitspapier
Control thyself: Self-control failure and household wealth
We examine the relationship between household wealth and self-control. Although self-control has been linked to consumption and financial behavior, its measurement remains an open issue. We employ a definition of self-control failure that follows literature in psychology, suggesting that three factors can render self-control defective: lack of planning, lack of monitoring, and lack of commitment to pre-set plans. Our measure combines those three ingredients and can be computed using a standard representative survey. We find that self-control failure is strongly associated with different household net wealth measures and with self-assessed financial distress.
- Sprache
-
Englisch
- Erschienen in
-
Series: SAFE Working Paper ; No. 69
- Klassifikation
-
Wirtschaft
Microeconomic Behavior: Underlying Principles
Consumer Economics: Empirical Analysis
Household Saving; Personal Finance
- Thema
-
Self-Control
Household Wealth
Household Finance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Biljanovska, Nina
Palligkinis, Spyros
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
- (wo)
-
Frankfurt a. M.
- (wann)
-
2014
- DOI
-
doi:10.2139/ssrn.2509080
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Biljanovska, Nina
- Palligkinis, Spyros
- Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
Entstanden
- 2014
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