Descrizione del progetto
Comprendere il modo in cui le famiglie affrontano il rischio
Gli individui e le famiglie sono spesso esposti a rischi economici e necessitano di un maggiore sostegno da parte dei politici e delle società. Tuttavia, la nostra comprensione del modo in cui le famiglie reagiscono ai cambiamenti del mercato e delle politiche, nonché del modo in cui le diverse esperienze influenzano i comportamenti economici, rimane limitata. Per colmare questa lacuna, il progetto RDRECON, finanziato dall’UE,intende scoprire il comportamento economico nel processo decisionale e nelle scelte. Il progetto utilizzerà un approccio innovativo che combina dati provenienti da registri amministrativi con esperimenti controllati sul campo. Grazie alla creazione di gruppi di trattamento e di controllo basati sull’identificazione empirica delle previsioni teoriche, si otterranno informazioni preziose. Questo progetto potrebbe fornire informazioni fondamentali su come le famiglie rispondono alle esperienze personali e di mercato.
Obiettivo
Households are exposed to a wide array of monetary and non-monetary risks: employment risk, financial risk, interest rate risk, and health and mortality risk, to name a few. Society and policymakers can certainly help households manage risk, but to be effective, they need to understand the ways households cope with risk and how vulnerable they are to market and policy changes. For instance, how do households react to bank defaults and market failures? How personal do these experiences have to be for households to change behavior? And how permanent are the changes in behavior?
The goal of the proposed research program is to understand how personal and market experiences affect financial decisions made by households, such as savings behavior, portfolio allocation, borrowing decisions, mortgage choices, and pension savings. RDRECON combines theory and evidence with an empirical research strategy that is comprised of both natural and field experiments. The theoretical component models how households make decisions. The empirical component uses both econometric and experimental methodologies to study actual household behavior across a range of economic and financial margins, as well as the influence of personal and market experiences on a household’s financial choices.
RDRECON’s strength and path-breaking innovation is its combination of administrative register data and controlled field experiments to form treatment and control groups of interest which allow empirical identification of theoretical predictions. This approach puts theory to work and overcomes the limits of identification in natural experiments. To this end, RDRECON will further our understanding of how households respond to personal and market experiences, and provide helpful insights for policy makers.
Campo scientifico
Programma(i)
Argomento(i)
Meccanismo di finanziamento
ERC-STG - Starting GrantIstituzione ospitante
2000 Frederiksberg
Danimarca