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metadata language: English

Replication data for: Generational Differences in Managing Personal Finances

Version
V0
Resource Type
Dataset
Creator
  • Carlin, Bruce
  • Olafsson, Arna
  • Pagel, Michaela
Publication Date
2019-05-01
Description
  • Abstract

    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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pandp.20191011 (Text)
Publications
  • Carlin, Bruce, Arna Olafsson, and Michaela Pagel. “Generational Differences in Managing Personal Finances.” AEA Papers and Proceedings 109 (May 2019): 54–59. https://doi.org/10.1257/pandp.20191011.
    • ID: 10.1257/pandp.20191011 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Carlin, Bruce; Olafsson, Arna; Pagel, Michaela (2019): Replication data for: Generational Differences in Managing Personal Finances. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116455