Report
Provides three distinct analyses addressing labor supply, saving and investment behavior of older workers, in the context of the incentives and constraints they face due to employer and government policies.
Journal Article
Financial decisions about investing and saving for retirement are increasingly complex, requiring financial knowledge and confidence in that knowledge.
Periodical
Having a bank account increases security, reduces vulnerability to theft, and helps account holders develop financial smarts. But new findings show growing rates of unbanked Americans.
Multimedia
Video compilation of the 2012 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 practitioners, and featuring keynote speakers Michael Barr and Dan Ariely.
Report
Studies the interactions in Mexico between policies and the increased involvement of children in their parent's income security and well being.
Report
Explores financial decision-making and outcomes among young adults in the United States in order to inform policies that promote saving and financial security.
Report
Presents summary data from the American Life Panel on the 2011 banking practices of U.S. household respondents.
Project
What effect has the financial crisis had on households and health? RAND researchers seek to quantify the effects of the crisis on older U.S. households, and the adjustments made in response. With this information, they aim to determine whether downturns in economic status are associated with declines in health.
Project
People with low levels of financial literacy are more easily influenced by the default settings of employee savings plans. The Financial Literacy Center is measuring differences in default effects for employees at companies with auto-enrollment retirement plans, focusing on differential behavior by income.
Content
Working with a credit union, Financial Literacy Center researchers are piloting a voluntary, in-person annual "financial health check" service with follow-up, to help households improve their financial decisions. The project is also testing the pilot's effects on behavior.
Project
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.
Project
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.
Project
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.
Journal Article
Using newly collected data from the RAND American Life Panel, we examine potential explanations for the gender gap in financial literacy, including the role of marriage and who within a couple makes the financial decisions.
Journal Article
The purpose of this article is to examine the relationship between changes in household finances (wealth and income) and changes in dental utilization at the onset of the recent recession in a population of older Americans.
Content
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?
Project
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.
Project
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.
Journal Article
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.
Project
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.
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