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Data Appendix: Variable Descriptions

Im Dokument Financial literacy externalities (Seite 57-60)

• Stockownership: A binary variable that is set to one if the household holds stocks in period t, and zero otherwise. Stocks include all forms of direct and indirectly held stocks, except stocks held through retirement accounts in year t. The latter are not included in the data.

• Saving for Retirement: A binary variable that is set to one if the household makes in year t a contribution to a tax-deferred private retirement account. If no contribution is made, even to an already open account, the variable takes the value zero.

• Household disposable income: Household disposable income in year t. This variable includes labor income, capital income (if any), student aid (if any), pension income (if any), unemployment benefits (if any), and welfare support net of taxes.

• Age<30: Household head is younger than 30 years old in year t.

• 30≤Age<45: Household head is (equal to or) older than 30 years old and younger than 45 years old in year t.

• 45≤Age<60: Household head is (equal to or) older than 45 years old and younger than 60 years old in year t.

• 60≤Age: Household head is or is older than 60 years old in year t.

• Male: Household head is male.

• Unemployed/Uncategorized: Household head has received unemployment benefits, registered as unemployed or does not qualify for any other occupation category in year t.

• Retired:Household head has received pension greater than labor income and does not qualify for any other occupation category in year t.

• Student: Household head has received student aid at least equal to one semester gov-ernment student aid in year t.

• Employed: Household head is not retired nor student and has received positive labor income in year t.

• Married: Household head is married in year t.

• Number of adults: Number of household members at least 18 years old in year t.

• Number of children: Household members younger than 18 years old in year t.

• High school graduate:Household head has a high school education in year t.

• College graduate:Household head has a college (or more) education in year t.

• Household net wealth:Household net wealth in Swedish Kroners (SEK), calculated as the sum of all real and financial assets minus all debt, except student loans

• Working in the financial sector: Household head has worked in the financial sector in year t.

• Working for the government: Household head has worked for the local or central gov-ernment in year t.

• Economics/business education share: The share of households who had business and economics related topics as their major during their studies in a given given electoral district in year t. The business and economics related topics include Economics and Economic history, and Business Administration (i.e., Banking, insurance, and finance, Accounting and taxation, Management and administration, Marketing, etc.)

• Quantitative education share: The share of households who have a quantitative ed-ucational background in a given given electoral district in year t. The quantitative education includes Science, mathematics, computing, and Commerce, administration, law, etc.

• Retirement savers share: The share of households who save for retirement in a given electoral district in year t.

IMFS W

ORKING

P

APER

S

ERIES Recent Issues

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Daniel Neuhoff

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intertemporalen Preisindex

122 / 2018 Helmut Siekmann Legal Tender in the Euro Area

121 / 2018 Maik Wolters How the Baby Boomers' Retirement Wave Distorts Model-Based Output Gap

Estimates

120 / 2017 Helmut Siekmann Die Einstandspflicht der Bundesrepublik Deutschland für die Deutsche Bundesbank und die Europäische Zentralbank

119 / 2017 Gregor Boehl Monetary Policy and Speculative Stock Markets

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115 / 2017 Guenter W. Beck Volker Wieland

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113 / 2017 Mewael F. Tesfaselassie Maik Wolters

The Impact of Growth on Unemployment in a Low vs. a High Inflation Environment 112 / 2017 Gerhard Rösl

Franz Seitz

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111 / 2017 Jinhyuk Yoo Capital Injection to Banks versus Debt Relief to Households

110 / 2017 Robert C. M. Beyer Volker Wieland

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109 / 2016 Helmut Siekmann Replacing or Supplementing the Euro in Member States whose Currency is the Euro

108 / 2016 Helmut Siekmann Restricting the Use of Cash in the European Monetary Union

106 / 2016 Helmut Siekmann Konstruktionsfehler bei der Einlagensicherung auf EU-Ebene 105 / 2016 Athanasios Orphanides Fiscal Implications of Central Bank

Balance Sheet Policies

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„ökonomische Gesetz“

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(publ. in: Scherzberg / Can / Doğan (eds.), Die Sicherung der Geldwert- und

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99 / 2015 Helmut Siekmann Exit, Exclusion, and Parallel Currencies in the Euro Area

98 / 2015 Helmut Siekmann Stellungnahme für die öffentliche

Anhörung der Verfassungskommission des Landtags Nordrhein-Westfalen zur

Schuldenbremse

Im Dokument Financial literacy externalities (Seite 57-60)