Using data from the Health and Retirement Study, this paper examines how employers' automatic enrollment policies influence longer-run participation and contribution status among older Americans.
Nov 17, 2015
Defaulting In and Cashing Out? The Impact of Retirement Plan Design on the Savings Accumulation of Separating Employees
Explores the participation and distribution decisions of those who separate from their employers.
Nov 11, 2015
To help educators think about which curriculum to use, and to better understand the strengths and gaps in the curriculum currently being used, the RAND Corporation developed this tool for reviewing financial education curricula.
Nov 5, 2015
RAND researchers document the current state of the literature and advance a set of criteria for assessing the content, utility, quality, and efficacy of K-12 financial education curricula.
Nov 5, 2015
Financial service providers often have better information about the quality, features, fees, risks, and benefits of their products or services than consumers. In this report, we review the literature on consumer disclosures in the financial industry.
Oct 12, 2015
This report reviews evidence from the research literature about whether working with a financial adviser improves savings behavior, in general, as well as saving for long-term goals, particularly retirement.
Oct 8, 2015
This review compares financial advice markets in a cross-section of countries where regulatory changes aimed at improving the quality of financial advice have recently been made, to determine how such changes have affected them.
Oct 8, 2015
Examines if and how financial advisors are influenced by their compensation schemes and how this influence impacts retail investors' financial well-being.
May 8, 2015
Explores the relationships between financial trust and behaviors, attitudes, knowledge and preferences related to utilizing professional financial advice.
May 8, 2015
Potential Economic Effects on Individual Retirement Account Markets and Investors of DOL's Proposed Rule Concerning the Definition of a 'Fiduciary'
This paper examines the potential effects of the U.S. Department of Labor, Employee Benefits Security Administration's proposed rule 29 CFR Part 2510, Definition of the Term "Fiduciary" on people with Individual Retirement Accounts.
Apr 28, 2015
Video compilation of the 2014 Behavioral Finance (BeFi) Forum in Washington, D.C., a day-long event that included a series of topical panels on curated presentations of academic research followed by discussion by leading researchers, practitioners, and policymakers.
Jul 29, 2014
The data from a survey by RAND's American Life Panel suggests that the percentage of American households with no savings or checking bank accounts is increasing.
May 15, 2014
Designing Better Pension Benefits Statements: Current Status, Best Practices and Insights from the Field of Judgment and Decisionmaking
Provides a normative and positive review of pension benefit statement design.
Jun 14, 2013
Presents summary data from the American Life Panel on the 2011 banking practices of U.S. household respondents.
May 8, 2012
Investigates the effectiveness of both videos and narratives in improving people's understanding of five basic concepts in financial planning.
Nov 12, 2010
Examines the potential effects of different information disclosures regarding risk on retirement investing behavior.
Oct 5, 2010
Inventories an array of federal financial and economic literacy programs, highlighting program similarities and differences and categorizing them by purpose, content, delivery method, target audience, and evaluation method.
May 17, 2010
Using survey data from current defined-contribution plan holders in the RAND American Life Panel (a probability sample of U.S. households) seeks to find if individuals actually improve their financial behavior in response to advice.
Jan 7, 2010
Examines if employees are well-equipped to make decisions regarding how much to contribute to their employer-provided pension plans, how to allocate their retirement accounts, and how they will decumulate their retirement funds during retirement.
Dec 7, 2009
Develops a framework that addresses questions of self-dealing based on the direct-marketing model introduced by Inderst and Ottaviani, specifically adapting the model to the setting of 401(k) plan advice.
Nov 5, 2009
Provides a review of theoretical and operational approaches to financial literacy, as well as a conceptual model and composite definition of financial literacy.
Nov 2, 2009
Policy Insight, Volume 3, Issue 1, February 2009: Broker-Dealers and Investment Advisers in the United States: Business Practices and Investor Understanding
Describes the increasingly complex business practices of broker-dealers and investment advisers and discusses investors' understanding of the distinctions between the two.
Feb 18, 2009
Analyzes the results from 1000 survey respondents to see how mutual fund fees affect investor choices.
Jan 30, 2009
Contrary to previous conclusions, the authors find that respondents do not tend to overweight private information when updating beliefs.
Jan 1, 2009
This research brief describes broker-dealers and investment advisers -- their numbers, size, assets, clients, services, and affiliations -- and examines whether individual investors understand the differences between them.
Mar 24, 2008
This report examines current practices and investor understanding of brokers, dealers, and investment advisers -- three theoretically distinct types of financial professionals whose boundaries have blurred in recent decades.
Jan 1, 2008