• Development of a K–12 Financial Education Curriculum Assessment Rubric2015

    Rebecca Herman, Angela Hung, Jeremy Burke, Katherine Grace Carman, Noreen Clancy, Julia H. Kaufman, Katie Wilson

    To help school district leaders and teachers make informed decisions about the adoption and use of appropriate K–12 financial education curricula, RAND researchers document the current state of the literature and advance a set of criteria for assessing the content, utility, quality, and efficacy of the curricula.

  • Effective Disclosures in Financial Decisionmaking2015

    Angela Hung, Min Gong, Jeremy Burke

    In the financial services market, financial service providers often have better information about the quality, features, fees, risks, and benefits of their products or services than consumers. In this report, we review the literature on consumer disclosures in the financial industry. The primary focus is on disclosures of conflicts of interest, but we also examine use of disclosure associated with other common financial products or services.

  • Do Financial Advisers Influence Savings Behavior?2015

    Jeremy Burke, Angela Hung

    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. Individuals who receive professional financial advice are likely to be more financially healthy, but few papers address reverse causation, limiting insights into whether advisers are causing improvements in their clients' savings behavior.

  • Financial Advice Markets: A Cross-Country Comparison2015

    Jeremy Burke, Angela Hung

    This review compares financial advice markets in the United States, the United Kingdom, Australia, Germany, Singapore, and the European Union, where regulatory changes aimed at improving the quality of financial advice have recently been made, to determine how such changes have affected financial advice markets.

  • Final Report on the Hawai'i P–3 Evaluation2015

    Gail L. Zellman, M. Rebecca Kilburn

    In 2007 Hawai'i's P–20 Partnerships for Education launched the P–3 initiative, which aimed to have every child reading at grade level by third grade. RAND's five-year evaluation examined implementation of statewide and five community plans in six P–3 focus areas and analyzed third-grade reading scores on state reading test. More years of P–3 exposure raised reading scores modestly but significantly and increased likelihood of scoring proficient.