Improving Financial Decisionmaking Related to Retirement
The decrease in defined benefit pension plans use, coupled with an increase in the life span, is shaping how individuals plan financially for their retirement. CFED researchers investigate how households save for retirement, invest their savings, and spend down their assets in retirement.
Building Financial Health amongst the Economically Vulnerable
CFED researchers design, implement, and evaluate interventions targeted at helping individuals build savings, improve credit, reduce debt, and strengthen financial literacy and capability.
Bringing Together Government Policymakers, Academia, and Industry
The RAND Behavioral Finance Forum is an annual conference and webinar series for federal government, academic, and industry leaders on behavioral finance topics such as retirement security, consumer financial protection, and financial advice.
Couples may plan for retirement together, but savings are often held in the name of one individual. How are households dividing retirement contributions and assets between spouses, and how do these decisions impact accumulated assets?
Individual financial planning for retirement is increasingly important. A key financial decision that Americans make is how to draw on their retirement wealth across various sources, including both privately saved funds and Social Security benefits.
Examines the relative roles of cognitive ability and financial literacy, and decline in cognitive ability, in influencing retirement-related financial behaviors, such as retirement saving and the decumulation of wealth.
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.