“The Credit Card Debt Puzzle and Noncognitive Ability” - seminarium QFRG i DSLab [12.06.2023]

Serdecznie zapraszamy do wzięcia udziału w kolejnym seminarium organizowanym przez Quantitative Finance Research Group i Data Science Lab.

Podczas najbliższego spotkania swoje badanie zaprezentuje Gość WNE UW – prof. Hwan-sik Choi (Binghamton University).

Spotkanie odbędzie się 12 czerwca 2023 r. od godz. 18:30 w formule hybrydowej: w sali A409 na WNE UW (ul. Długa 44/50) oraz za pośrednictwem platformy Zoom. Meeting ID: 922 3864 4079

Link do spotkania: https://uw-edu-pl.zoom.us/j/92238644079.

Spotkanie będzie prowadzone w języku angielskim.

Prosimy o zalogowanie najpóźniej o godz. 18:20.

Streszczenie wystąpienia:

Many households concurrently hold low-yield liquid assets while incurring costly credit card debt. In our sample, more than 80% of households with credit card debt also have low-yield liquid assets. Using data from the Health and Retirement Study (N = 30,517), we examine the role of noncognitive skills as well as the economic, financial, and demographic factors that affect the likelihood of co-holding. We find that the “Big Five” personality traits have a statistically significant and economically important effect: households with a more agreeable, introvert, and less conscientious head of household are more likely to co-hold. We also examine the role of intra-household dynamics.