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Consumer Debt: Many Borrowers Unaware of Their Interest Rates; Cost Display Influences Likelihood of Accepting Credit Scenario

The consumer debt of households in Germany totals in the triple-digit billions and is characterized by a wide range of interest rates. Despite the high volume of debt, many people do not know the terms of their consumer credit contracts. This report analyzes new survey data on general knowledge about typical forms of consumer credit, such as the overdraft facility and consumer loans. Women tend to ...

Educational Selectivity and Immigrants’ Labour Market Performance in Europe

This article depicts the selectivity profiles of first-generation immigrants of multiple origins in 18 European destinations and investigates whether educational selectivity is relevant to their labour market performance. The theoretical account starts from the premise that the relative position individuals occupy in the educational distribution of their origin country represents—frequently unmeasured—characteristics ...

Intergenerational Returns to Migration: Evidence from Italian Immigrants Worldwide

Using a unique administrative dataset on Italians living abroad, we estimate the effect of parental migration on the education, employment and income opportunities of descendants in the host country. We compare Italian second-generation immigrants with Italians residing in Italy having similar observable characteristics, such as age, sex, Italian region of origin and...

Active Learning Improves Financial Education: Experimental Evidence from Uganda

We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in rural western Uganda. The treatments contrast “active learning” with traditional “lecturing” within standardized lesson-plans. After six months, active learning has a positive effect on savings and investment outcomes, in contrast to small or zero effects for lecturing. ...

Financial Education Matters: Testing the Effectiveness of Financial Education Across 76 Randomized Experiments

Do financial education programs affect financial knowledge and behaviors? We examine this question using a meta-analysis that incorporates studies from the past decade, which saw a rapid increase in financial education research. When examining data from 76 financial education randomized experiments across 33 countries covering over 160,000 individuals, we find that financial education improves both ...

Essays on the Impact of Behavioral Aspects and Education for Financial Development: Dissertation

Diese Arbeit untersucht den Einfluss verhaltensökonomischer Aspekte und Bildung für die finanzielle Entwicklung. Sie besteht aus vier Kapiteln, welche jeweils ein separates Forschungspapier darstellen. Die Kapitel decken folgende Themen ab: Determinanten einer impulsiven Kreditaufnahme, Hindernisse bei finanzieller Inklusion, die Auswirkungen von finanzieller Bildung und die finanziellen Folgen eines ...

Age-specific Effects of Early Daycare on Children's Health

Over the past decades, the share of very young children in daycare has increased significantly in many OECD countries, including Germany. Despite the relevance of child health for child development and later life success, the effect of early daycare attendance on health has received little attention in the economic literature. In this study, I investigate the impact of a large daycare expansion in ...

From Low Emission Zone to Academic Track: Environmental Policy Effects on Educational Achievement in Elementary School

Intergenerational Scars: The Impact of Parental Unemployment on Individual Health Later in Life

This paper studies whether individuals that experienced parental unemployment during their childhood/early adolescence have poorer health once they reach the adulthood. We used data from the German Socio-Economic Panel from 2002 until 2018. Our identification strategy of the causal effect of parental unemployment relied on plant closures as exogenous variation of the individual labor market condition. ...

The Transition to Grandparenthood: No Consistent Evidence for Change in the Big Five Personality Traits and Life Satisfaction

Intergenerational relations have received close attention in the context of population aging and increased childcare provision by grandparents. However, few studies have investigated the psychological consequences of becoming a grandparent. In a preregistered test of grandparenthood as a developmental task in middle and older adulthood, we used representative panel data from the Netherlands (N = 563) ...