Finance

  • Journal Article

    Time Discounting in Strategic Contests

    This paper uses controlled laboratory experiments to explore how the timing of prize payment impacts behavior in a contest with a unique Nash equilibrium strategy.

    Mar 17, 2016

  • News Release

    High-Quality, Full-Scale Preschool Programs Boost School Readiness and Produce Sustained Benefits

    The investment in high-quality preschool programs may be paid back through improved outcomes during the school-age years and beyond. In addition to school readiness, they produce long-term benefits like lower rates of special education use, reduced grade repetition, and higher high school graduation rates.

    Mar 11, 2016

  • Preschool students and a teacher building a tower with blocks

    Report

    High-Quality, Full-Scale Preschool Programs Boost School Readiness and Produce Sustained Benefits

    The investment in high-quality preschool may be paid back through improved outcomes during the school-age years and beyond. In addition to school readiness, they produce long-term benefits like lower rates of special education use, reduced grade repetition, and higher high school graduation rates.

    Mar 11, 2016

  • Financial system representation

    Report

    The National Security Implications of Virtual Currency

    Could a non-state actor deploy a virtual currency to disrupt sovereignty and increase its political or economic power? How might a government or organization successfully disrupt such a deployment?

    Dec 16, 2015

  • Report

    Development of a K–12 Financial Education Curriculum Assessment Rubric

    RAND researchers document the current state of the literature and advance a set of criteria for assessing the content, utility, quality, and efficacy of K-12 financial education curricula.

    Nov 5, 2015

  • Piggy bank and school books in a classroom

    Tool

    A Tool for Reviewing K-12 Financial Education Curricula

    A bewildering array of curricula and materials is available to support K–12 financial education. This reviewing tool helps educators assess which to use, and to better understand the strengths and gaps in the curriculum currently in use.

    Nov 5, 2015

  • Traders work on the floor of the New York Stock Exchange after an announcement by the Federal Reserve, October 28, 2015

    Commentary

    Zero Interest, Greater Inequality?

    Low interest rates mandated by the Federal Reserve may have had and possibly continue to have adverse effects on income inequality. Those who argue for continuing near-zero short-term interest rate policy should be cognizant of this.

    Nov 2, 2015

  • College student discussing assignment with tutor

    Commentary

    The Shared Savings Model: An Innovative Way to Attack Rapidly Rising College Costs

    The challenge facing policymakers is how to lessen the college cost pressure felt by families while incentivizing institutions to innovate to reduce cost and improve quality. What if cost savings from increased productivity were quantified and a portion returned to institutions?

    Oct 22, 2015

  • Closing numbers are illuminated on a board above the floor of the New York Stock Exchange, September 1, 2015

    Report

    Effective Disclosures in Financial Decisionmaking

    Financial service providers often have better information about their wares than consumers. Disclosure is a policy tool designed to address this by giving consumers valuable information. But it may not provide enough support in helping them make more informed decisions.

    Oct 12, 2015

  • Colleagues discussing ideas

    Commentary

    Do Young 'Elites' Favor Income Redistribution?

    Young “elites” — employed Americans who are 40 or younger, with high household incomes and graduate degrees — and especially Democratic elites have a strong preference for income redistribution.

    Oct 8, 2015

  • Financial Advisor Talking To Senior Couple At Home

    Report

    Do Financial Advisers Influence Savings Behavior?

    Financial advisers can play an important role with helping individuals make better financial decisions and improving their financial situations. But does working with a financial adviser improve savings behavior, particularly saving for retirement?

    Oct 8, 2015

  • Couple Meeting With Financial Advisor In Office

    Report

    Financial Advice Markets: A Cross-Country Comparison

    This review compares financial advice markets in a cross-section of countries where regulatory changes aimed at improving the quality of financial advice have recently been made, to determine how such changes have affected them.

    Oct 8, 2015

  • Glasses on newspaper stock market report

    Journal Article

    Measuring How Stock Ownership Affects Which Judges and Justices Hear Cases

    This study aims to measure the impact of recusals due to stock ownership on the pool of judges and justices that hear cases involving publicly traded corporations.

    Sep 14, 2015

  • Los Angeles freeway

    Commentary

    Pay as You Go

    Using vehicle miles traveled as a means of distributing the cost of maintaining America's roads and bridges may not be the only answer. But it represents the kind of innovative thinking that is necessary when this sector of the American transportation infrastructure is desperately in need of a fix.

    Jul 22, 2015

  • Vehicles driving toward Mt. Hood in Oregon

    Commentary

    How to Improve Oregon's Mileage-Fee Experiment

    Oregon is rolling out the nation's first large-scale pilot to examine switching to a mileage fee instead of the gas tax. The trial is a welcome next step toward understanding how mileage fees can be deployed.

    Jul 7, 2015

  • Events @ RAND Audio Podcast

    Multimedia

    Financial Literacy and the Cost of Ignorance

    In this Events @ RAND podcast, Economist Annamaria Lusardi discusses financial literacy, or the ability to use knowledge and skills to manage financial resources effectively. The podcast also explores workplace programs and policy changes that could help individuals learn about managing their personal finances.

    Jun 18, 2015

  • Testimony

    A Survey of Terrorist Financing: Addendum

    Document submitted on June 12, 2015 as an addendum to testimony presented before the House Financial Services Committee, Task Force to Investigate Terrorist Financing on April 22, 2015.

    Jun 15, 2015

  • Research Brief

    Evaluating conditional cash transfer programmes: The case of Bolsa Familia

    Summary of report examining factors affecting quality of implementation of the conditional cash transfer (CCT) programme Bolsa Familia.

    Apr 30, 2015

  • Report

    Potential Economic Effects on Individual Retirement Account Markets and Investors of DOL's Proposed Rule Concerning the Definition of a 'Fiduciary'

    This paper examines the potential effects of the U.S. Department of Labor, Employee Benefits Security Administration's proposed rule 29 CFR Part 2510, Definition of the Term "Fiduciary" on people with Individual Retirement Accounts.

    Apr 28, 2015

  • Members of al Qaeda's Nusra Front man a checkpoint in Idlib, Syria, March 30, 2015

    Testimony

    Breaking the Bank: Undermining Terrorist Financing

    Undermining the financing of terrorist groups must be done as part of a broader effort to undermine terrorist ideology. Policies should focus on the most significant threats to the United States and utilize tools that target the ways these groups finance themselves.

    Apr 22, 2015