心理特征和家庭储蓄行为外文文献.pdfVIP

Journal of Economic Behavior and Organization 148 (2018) 66–82 Contents lists available at ScienceDirect Journal of Economic Behavior and Organization journal homepage: /locate/jebo Psychological characteristics and household savings behavior: The importance of accounting for latent heterogeneity a,b c b,d,∗ Patrick Gerhard , Joe J. Gladstone , Arvid O.I. Hoffmann a Maastricht University, School of Business and Economics, P.O. Box 616, 6200 MD Maastricht, The Netherlands b Network for Studies on Pensions, Aging and Retirement (Netspar), P.O. Box 90153, 5000 LE Tilburg, The Netherlands c University College London, School of Management, Level 38 One Canada Square, Canary Wharf, London E14 5AA, United Kingdom d University of Adelaide, Adelaide Business School, 10 Pulteney Street, 5005 SA, Adelaide, Australia a r t i c l e i n f o a b s t r a c t Article history: We employ a finite mixture model with maximum likelihood (ML) estimation to analyze Received 24 May 2017 latent heterogeneity in the relationship between psychological characteristics and house- Revised 9 February 2018 hold savings behavior. In a one-step ML estimation approach, we estimate a class member- Accepted 10 February 2018 ship model and a behavioral model of the classes jointly. Adopting this approach enables Available online 13 February 2018