Explores gaps in financial knowledge and the overall state of financial literacy of college students.
Jul 16, 2018
Drew M. Anderson is an associate economist at the RAND Corporation. He studies the economics of education and household financial decision making. He is particularly interested in public policies to alleviate poverty. At the intersection of all these topics are students' decisions about how to pay for college, and how these decisions are shaped by financial education and financial aid. Anderson is currently pursuing projects evaluating large, need-based financial aid programs for college in several states. These and other similar programs have the potential to reduce inequality, and objective research can help them operate more efficiently. Anderson's research methods are primarily designing quasi-experiments and randomized experiments to uncover causal effects. He links together new sources of administrative data to support causal analysis as well as descriptive reporting. Before joining RAND, Anderson worked as a postdoctoral researcher at the University of Wisconsin-Madison, jointly at the Wisconsin HOPE Lab and the Center for Financial Security. Anderson has a Ph.D. and M.S. in economics from the University of Wisconsin-Madison, and a B.A. in mathematics and economics from Augustana University.
Drew M. Anderson, "What Constitutes Prudent Spending from Private College Endowment Funds? Evidence from Underwater Funds," Education Finance and Policy, 0, 0 (forthcoming)
Drew M. Anderson and J. Michael Collins, "The Impact of Electronic Payments for Vulnerable Consumers: Evidence from Social Security," Journal of Consumer Affairs, 0, 0 (forthcoming)