Do unemployment benefits keep people from accepting jobs? What effect do they have on the economy? Researchers and policymakers have been debating these issues since COVID-19 led to widespread job losses last spring.
As the pandemic continues, many U.S. households are struggling to pay their bills. No income group has been spared financial difficulties, but the most-vulnerable households have been hit the hardest. There are severe challenges among lower-income workers and among Black and Hispanic households.
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?
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.
Policymakers in Western countries seeking new policy levers to tackle costly lifestyle behaviors in the age of austerity may do well to take up programs based on cash incentives. Recent analysis of conditional payment programs in Latin America highlights some useful lessons.
In 1997, Mexico transformed its pay-as-you-go social security system to a fully funded system with personal retirement accounts, including management fees. This article examines changes in retirement wealth resulting from this new system.
The value of health lost, not just monetary cost, may partially explain why the wealthy consume more healthy and only moderately unhealthy goods, but fewer very unhealthy goods. Rich people tend to be healthy.
Today, Democrats are more than six times likelier than Republicans to believe the U.S. government should play a role in reducing income inequality. This is not due to differences in age, gender, education, or income distributions among the two parties.
Because people consume less in their golden years, the conventional wisdom that most Americans are financially unprepared for retirement doesn't hold up. Evidence suggests that about 71 percent of older Americans are adequately prepared for retirement.
Video compilation of the 2014 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 researchers, practitioners, and policymakers.