Establishing a system in which two reserve currencies compete with each other to affect global decisions about reserve holdings may lead to greater financial stability than the present dollar-dominated system.
About a quarter of American adults reported that they were notified about their personal information being part of a data breach in the previous year, but only 11 percent of those who have ever been notified say they stopped doing business with the hacked company afterwards.
About a quarter of American adults surveyed reported that they received a data breach notification in the past year, but 77 percent of them were highly satisfied with the company's post-breach response. Only 11 percent of respondents stopped dealing with the company afterwards.
This paper investigates the degree to which the timing of payments affects behavior in four commonly studied strategic settings: a Prisoners' Dilemma, a Stag-Hunt Game, a First Price Auction, and a Second Price Auction.
The investment in high-quality preschool programs may be paid back through improved outcomes during the school-age years and beyond. In addition to school readiness, they produce long-term benefits like lower rates of special education use, reduced grade repetition, and higher high school graduation rates.
The investment in high-quality preschool may be paid back through improved outcomes during the school-age years and beyond. In addition to school readiness, they produce long-term benefits like lower rates of special education use, reduced grade repetition, and higher high school graduation rates.
A bewildering array of curricula and materials is available to support K–12 financial education. This reviewing tool helps educators assess which to use, and to better understand the strengths and gaps in the curriculum currently in use.
Low interest rates mandated by the Federal Reserve may have had and possibly continue to have adverse effects on income inequality. Those who argue for continuing near-zero short-term interest rate policy should be cognizant of this.
Financial service providers often have better information about their wares than consumers. Disclosure is a policy tool designed to address this by giving consumers valuable information. But it may not provide enough support in helping them make more informed decisions.
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.
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.