RAND work in law, business, and regulation includes analyses of alternative dispute resolution, asbestos litigation, workers' compensation, insurance, and other civil justice matters. This research often has implications for the private sector, such as entrepreneurs facing legal and regulatory hurdles, or multinational corporations dealing with corporate ethics and governance issues.
Hispanic immigrants constitute a rapidly growing share of the U.S. population but are less likely to be financially literate than natives. RAND researchers are investigating barriers to Hispanic immigrants' use of financial services and evaluates financial education materials for them.
Households annuitize very little of their retirement savings. The Financial Literacy Center is studying the annuitization choices of retiring workers, designing and implementing new communication strategies that will raise acceptance of annuities, and examining the effectiveness of these strategies.
Previous research has shown that changes in income and health insurance are associated with changes in health and/or mortality. An examination of administrative data may show whether receipt of Social Security Disability Insurance and participation in related programs causally affect survival rates among applicants.
Currently, few Americans opt to annuitize their Social Security payments. A better understanding of individuals' preferences for annuitization, obtained via a stated-preference survey, can inform the debate on Social Security reform.
The Los Angeles Family and Neighborhood Survey (L.A.FANS) studies adults, teens, children, and neighborhoods in Los Angeles County. Survey data were collected in 2000-2001 and 2006-2008 and are available to researchers for public use.
Women continue to lag behind men, not only in income, but in overall financial capability and retirement preparedness. A financial "bootcamp" may hold promise as a financial education program for early to mid-career women.
Understanding the factors influencing economic growth and development is crucial to enhancing the human welfare of a nation. Research and Policy in International Development (RAPID) is a research center committed to fulfilling this objective.
Research suggests that many individuals claim Social Security retirement benefits at younger ages than may be optimal. The Financial Literacy Center is evaluating alternative ways to convey information about when to claim benefits and offering advice to enhance the Social Security Administration's online claiming website.
People have difficulty understanding how much money they must accumulate in their working years to create a sufficient stream of income once they retire. The Financial Literacy Center is exploring whether disclosing information about the monthly retirement income stream resulting from an individual's retirement account will change savings behavior.
By measuring the quality of care for carpal tunnel syndrome (CTS) in a large workers' compensation provider organization in California and assessing value to workers and employers, RAND laid the groundwork for ongoing quality assessment and improvement programs in workers' compensation settings within California and elsewhere.
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.
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.
The RAND Institute for Civil Justice (ICJ) conducts research on all aspects of civil justice, from trends in litigation and jury verdicts to punitive damages, compensation systems, and alternative dispute resolution. Directly or indirectly, civil justice issues have an impact on us all.
Recent proposed reforms to the Stafford Act (improving disaster recovery capability) and the National Disaster Recovery Framework (a guide to cooperation between federal agencies) cluster around five key areas where RAND has relevant studies offering additional insight and context.
Changing the Social Security Disability Insurance program rules could reduce caseload costs by encouraging a return to work, but it could also create unintended consequences by inducing more workers to apply for benefits.
When children with disabilities turn 18, most apply for SSI-disabled adult benefits without first looking for work. The Financial Literacy Center is developing a financial literacy tool for these young adults to teach the value of entering the labor market.