Search results for: household finance

• Maria Jastrzębska dr hab.

  People

  Department of Economic Analysis and Finance

  Maria Jastrzębska is an employee of the Department of Finance.  She is the author of over 170 publications, including 8 monographs - Financial Management of Municipalities. Theoretical aspects; Budgetary policy of local government units; Debt management of local government units; Finances of local government units; Risk management in the activity of local government units with special consideration of catastrophic risk (co-author...

• Investor confidence and high financial literacy jointly shape investments in risky assets

  Publication

  • A. Cupák
  • P. Fessler
  • J. W. Hsu
  • P. Paradowski

  - ECONOMIC MODELLING - Year 2022

  Households consistently invest less in equities and bonds than predicted by economic theory. We explain this from a behavioral economics perspective and distributional analysis using rich US survey microdata. We find that higher investor self-confidence in her financial abilities and financial literacy jointly increase the probability of investing in equities. Conditional on participation, confidence in the macroeconomy additionally...

  Full text to download in external service

• Confidence, Financial Literacy and Investment in Risky Assets: Evidence from the Survey of Consumer Finances

  Publication

  • P. Paradowski
  • A. Cupak
  • P. Fessler
  • J. W. Hsu

  - Year 2020

  We employ recent Survey of Consumer Finances (SCF) microdata from the US to analyze the impacts of confidence in one's own financial knowledge, confidence in the economy, and objective financial literacy on investment in risky financial assets (equity and bonds) on both the extensive and intensive margins. Controlling for a rich set of covariates including risk aversion, we find that objective financial literacy is positively...

  Full text to download in external service

• Consumer Bankruptcy Prediction Using Balanced and Imbalanced Data

  Publication

  • M. Brygała

  - Risks - Year 2022

  This paper examines the usefulness of logit regression in forecasting the consumer bankruptcy of households using an imbalanced dataset. The research on consumer bankruptcy prediction is of paramount importance as it aims to build statistical models that can identify consumers in a difficult financial situation that may lead to consumer bankruptcy. In the face of the current global pandemic crisis, the future of household finances...

• Małgorzata Solarz dr hab.

  People