Earn More Tomorrow: Overconfident Income Expectations and Consumer Indebtedness
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- Antonia Grohmann & Lukas Menkhoff & Christoph Merkle & Renke Schmacker, 2023. "Earn More Tomorrow: Overconfidence, Income Expectations and Consumer Indebtedness," Discussion Papers of DIW Berlin 2065, DIW Berlin, German Institute for Economic Research.
References listed on IDEAS
- David Richter & Jürgen Schupp, 2012. "SOEP Innovation Sample (SOEP-IS): Description, Structure and Documentation," SOEPpapers on Multidisciplinary Panel Data Research 463, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Merkle, Christoph & Weber, Martin, 2011. "True overconfidence: The inability of rational information processing to account for apparent overconfidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 116(2), pages 262-271.
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Cited by:
- Niklas Gohl & Peter Haan & Claus Michelsen & Felix Weinhardt, 2022. "House Price Expectations," Discussion Papers of DIW Berlin 1994, DIW Berlin, German Institute for Economic Research.
- Gohl, Niklas & Haan, Peter & Michelsen, Claus & Weinhardt, Felix, 2022. "House Price Expectations," IZA Discussion Papers 15040, Institute of Labor Economics (IZA).
- Gohl, Niklas & Haan, Peter & Michelsen, Claus & Weinhardt, Felix, 2024. "House price expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 379-398.
- Friehe, Tim & Pannenberg, Markus, 2021. "Time preferences and overconfident beliefs: Evidence from germany," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 92(C).
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More about this item
Keywords
consumption; borrowing; overcondence; income expectations;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- G40 - Financial Economics - - Behavioral Finance - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EXP-2019-04-29 (Experimental Economics)
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