Replication data for: Generational Differences in Managing Personal Finances
In this article, we provide a descriptive account of how people from different generations vary in their use of financial management technology, their access credit markets, and how they finance consumption and incur financial costs and penalties. We use a detailed panel of transaction-level data fr...
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ICPSR - Interuniversity Consortium for Political and Social Research
2019
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ftdatacite:10.3886/e116455v1 2023-05-15T16:48:16+02:00 Replication data for: Generational Differences in Managing Personal Finances Carlin, Bruce Olafsson, Arna Pagel, Michaela 2019 https://dx.doi.org/10.3886/e116455v1 https://www.openicpsr.org/openicpsr/project/116455/version/V1/view unknown ICPSR - Interuniversity Consortium for Political and Social Research https://dx.doi.org/10.1257/pandp.20191011 dataset Dataset 2019 ftdatacite https://doi.org/10.3886/e116455v1 https://doi.org/10.1257/pandp.20191011 2021-11-05T12:55:41Z In this article, we provide a descriptive account of how people from different generations vary in their use of financial management technology, their access credit markets, and how they finance consumption and incur financial costs and penalties. We use a detailed panel of transaction-level data from Iceland on individual spending, incomes, balances, and credit limits from a personal financial management software. We find that technology adoption is faster for millennials, but use of consumer credit and financial penalties are higher for older generations. While the "coholding puzzle" exists for all people, it appears to be more severe for baby boomers. Dataset Iceland DataCite Metadata Store (German National Library of Science and Technology) |
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Open Polar |
collection |
DataCite Metadata Store (German National Library of Science and Technology) |
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ftdatacite |
language |
unknown |
description |
In this article, we provide a descriptive account of how people from different generations vary in their use of financial management technology, their access credit markets, and how they finance consumption and incur financial costs and penalties. We use a detailed panel of transaction-level data from Iceland on individual spending, incomes, balances, and credit limits from a personal financial management software. We find that technology adoption is faster for millennials, but use of consumer credit and financial penalties are higher for older generations. While the "coholding puzzle" exists for all people, it appears to be more severe for baby boomers. |
format |
Dataset |
author |
Carlin, Bruce Olafsson, Arna Pagel, Michaela |
spellingShingle |
Carlin, Bruce Olafsson, Arna Pagel, Michaela Replication data for: Generational Differences in Managing Personal Finances |
author_facet |
Carlin, Bruce Olafsson, Arna Pagel, Michaela |
author_sort |
Carlin, Bruce |
title |
Replication data for: Generational Differences in Managing Personal Finances |
title_short |
Replication data for: Generational Differences in Managing Personal Finances |
title_full |
Replication data for: Generational Differences in Managing Personal Finances |
title_fullStr |
Replication data for: Generational Differences in Managing Personal Finances |
title_full_unstemmed |
Replication data for: Generational Differences in Managing Personal Finances |
title_sort |
replication data for: generational differences in managing personal finances |
publisher |
ICPSR - Interuniversity Consortium for Political and Social Research |
publishDate |
2019 |
url |
https://dx.doi.org/10.3886/e116455v1 https://www.openicpsr.org/openicpsr/project/116455/version/V1/view |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
https://dx.doi.org/10.1257/pandp.20191011 |
op_doi |
https://doi.org/10.3886/e116455v1 https://doi.org/10.1257/pandp.20191011 |
_version_ |
1766038371298181120 |