Arbeitspapier
Billions on the sidewalk: Improving savings by reducing investment mistakes
This paper contributes the on-going debate on income inequality in advanced economies with a proposal aimed at reducing costly investment mistakes that are prevalent among middle-class households. The paper starts by describing how households should invest, compares it with what we know about how households do invest, and highlights discrepancies between the two (investment mistakes). After evaluating the costs of investment mistakes, the paper suggests that they could be reduced by accommodating cognitive biases through a simple process of financial education and appropriate default options. The policy described in this paper is immediately actionable at basically no cost and can have a large effect on the welfare of middle-class households in advanced economies.
- Sprache
-
Englisch
- Erschienen in
-
Series: Graduate Institute of International and Development Studies Working Paper ; No. HEIDWP18-2015
Klassifikation
Wirtschaft
Household Saving; Personal Finance
Consumer Protection
Financial Aspects of Economic Integration
General Financial Markets: Government Policy and Regulation
Household Saving; Personal Finance
Consumer Protection
Financial Aspects of Economic Integration
General Financial Markets: Government Policy and Regulation
Thema
household finance
inequality
growth
inequality
growth
Ereignis
Geistige Schöpfung
(wer)
Panizza, Ugo
Ereignis
Veröffentlichung
(wer)
Graduate Institute of International and Development Studies
(wo)
Geneva
(wann)
2015
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
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
- Panizza, Ugo
- Graduate Institute of International and Development Studies
Entstanden
- 2015
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