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This paper uses data from the Health and Retirement Study to explore the mechanism that underlies the robust relation found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number of findings. First, the more valuable the pension, the More information...
Audience: Researcher
Type of Resource: Working paper
Date: 3/27/2012
Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. One is that people are financially illiterate since they lack understanding of simple economic concepts and cannot carry out computations such as computing compound interest, which could cause More information...
Audience: Researcher
Type of Resource: Working paper
Date: 3/27/2012
Under federal regulations, 401(k) participants may tap into their accrued retirement savings before retirement under certain circumstances, including hardship. This "leakage" from 401(k) accounts can result in a permanent loss of retirement savings. GAO was asked to analyze (1) the incidence, More information...
Audience: Researcher
Type of Resource: Report
Date: 3/27/2012
… trpropubwfe21:8086/researcher/Lists/Researchers … trpropubwfe21:8086/researcher/Lists/Researchers … DispResource.aspx Researcher More information...
Audience: Researcher
Type of Resource: Report
Date: 3/27/2012
… trpropubwfe21:8086/researcher/Lists/Researchers … trpropubwfe21:8086/researcher/Lists/Researchers … DispResource.aspx Researcher More information...
Audience: Researcher
Type of Resource: Report
Date: 3/27/2012
… trpropubwfe21:8086/researcher/Lists/Researchers … trpropubwfe21:8086/researcher/Lists/Researchers … DispResource.aspx Researcher More information...
Audience: Researcher
Type of Resource: Testimony
Date: 3/27/2012
… trpropubwfe21:8086/researcher/Lists/Researchers … trpropubwfe21:8086/researcher/Lists/Researchers … DispResource.aspx Researcher More information...
Audience: Researcher
Type of Resource: Testimony
Date: 3/27/2012
… trpropubwfe21:8086/researcher/Lists/Researchers … trpropubwfe21:8086/researcher/Lists/Researchers … DispResource.aspx Researcher More information...
Audience: Researcher
Type of Resource: Report
Date: 3/27/2012
… trpropubwfe21:8086/researcher/Lists/Researchers … trpropubwfe21:8086/researcher/Lists/Researchers … DispResource.aspx Researcher More information...
Audience: Researcher
Type of Resource: Report
Date: 3/27/2012
… trpropubwfe21:8086/researcher/Lists/Researchers … trpropubwfe21:8086/researcher/Lists/Researchers … DispResource.aspx Researcher More information...
Audience: Researcher
Type of Resource: Report
Date: 3/27/2012