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Control thyself: Self-control failure and household wealth
被引:29
|作者:
Biljanovska, Nina
[1
]
Palligkinis, Spyros
[2
]
机构:
[1] Int Monetary Fund, Inst Capac Dev, 700 19th St NW, Washington, DC 20431 USA
[2] European Cent Bank, Sonnemannstr 22, D-60314 Frankfurt, Germany
关键词:
Self-control;
Household wealth;
Household finance;
FINANCIAL LITERACY;
PERSONALITY-TRAITS;
MECHANISMS;
TEMPTATION;
CHILDHOOD;
BEHAVIORS;
STABILITY;
D O I:
10.1016/j.jbankfin.2016.10.010
中图分类号:
F8 [财政、金融];
学科分类号:
0202 ;
摘要:
We examine the relationship between self-control and household wealth. Building on literature in psychology, we take a more comprehensive approach to the concept of self-control and posit that it consists of three ingredients: planning, monitoring, and commitment to pre-set goals. We build a measure which combines those three components 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. (C) 2016 Elsevier B.V. All rights reserved.
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页码:280 / 294
页数:15
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