The RAND Bing Center for Health Economics and RAND Labor and Population, in collaboration with the Journal of Human Capital, held a two-day conference on health, aging, and human capital. Presenters addressed socioeconomic disparities in health, international differences in longevity and health, post-retirement financial decisions, and more.
Many employers provide an orientation program to describe employee benefits, including retirement plans, to new hires, but can these programs and materials increase the likelihood that new workers will enroll in a retirement saving plan?
Results from the National Financial Capability Survey show the majority of Americans lack basic numeracy and knowledge of fundamental economic principles. The Financial Literacy Center is analyzing the raw survey data to construct an atlas of financial literacy among U.S. states and among some demographic groups.
Many households use commitment devices such as monthly mortgage payments, Social Security, and payroll 401(k) deductions to help them save. The Financial Literacy Center is trying to design a "new and improved" 401(k) that offers a better combination of liquidity and commitment than the current defined contribution pension.
Building on two video games it designed to build financial skills among low-income women, the Financial Literacy Center is now re-creating those games for Spanish-speaking players.
Aging populations are leading countries worldwide to social security reforms. Many countries are moving from pay-as-you-go to personal retirement account (PRA) systems because of their financial sustainability and positive impact on private savings.
The Financial Literacy Center is developing and testing college curricula for financial literacy instruction, suitable for adult learners and pre-service K–8 teachers. The goal of this project is to educate as many young people and adults as possible in financial matters.
The RAND Behavioral Finance (BeFi) Forum is a collective of academic, financial, and government leaders who meet regularly in person and via web seminars to foster cutting-edge behavioral research for practical application. BeFi's mission is to help consumers make better financial decisions.
Lack of financial literacy has been shown to be a serious obstacle to financial stability. The Financial Literacy Center is using new and innovative methods such as visual tools and the power of stories and narratives to teach basic but fundamental economic concepts that are the foundation of financial decisionmaking.
Examines the economics of financial firms, their governance practices, and governance-performance links.
These videos offer presentations from "Emerging Research on Financial Literacy: A Workshop," held by the Financial Literacy Center, a joint center of the RAND Corporation, Dartmouth College, and the Wharton School. The workshop brought together Center scholars with policymakers and practitioners in the financial literacy field.
Asbestos bankruptcy trusts—created to compensate people injured by the mineral—may be influencing tort cases. The current way that the trusts and the tort cases are linked together may result in payments that are not consistent with the basic principles of the tort liability system.
This book examines how state tort laws and court proceedings consider the compensation available from asbestos bankruptcy trusts and the evidence submitted in trust claim forms, and how the establishment of the trusts can affect compensation.
People with asbestos injuries are increasingly receiving compensation from trusts set up by bankrupt asbestos defendants. This brief documents how courts handling these cases consider trust payments when determining compensation.
RAND's American Life Panel surveys people age 18 and over on the Internet, which allows for greater flexibility in survey design and instantly accessible data. Current studies analyze opinions on the U.S. elections, Medicare Plan D, health shocks, and financial decisionmaking.
Explores the adoption of multifactor authentication (MFA) -- which combines something you know (e.g., a PIN), something you have (e.g., a token), and/or something you are (e.g., a fingerprint) -- to identify users to a computer system.
Assessing the full consequences of the global financial crisis that began in the summer of 2007 will require years, but it is possible now to examine how short-term linkages in different financial markets have changed since the onset of the crisis.
At the first annual conference of the Financial Literacy Research Consortium, scholars discussed how programs, educational products, and policies can best promote financial planning and security. Videos from the presentations are available on rand.org.
Couples who score well on a simple test of numeracy ability accumulate more wealth by middle age than couples who score poorly on such a test.
In this November 2010 Congressional Briefing, Timothy Flacke and Nick Maynard from the nonprofit D2D Fund discuss the value of financial entertainment as an educational tool, demonstrate two brand-new games, and describe plans to test their effectiveness.