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Employer 401(k) Matches for Student Debt Repayment : Killing Two Birds with One Stone?

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2024

Almost 50 million Americans are burdened by the need to repay almost $2 trillion in student loan debt, while at the same time having to save for retirement. This article analyzes the potential impact of the 2022 SECURE 2.0 Act reform which permits employers to match contributions for student...

Persistent link: https://www.econbiz.de/10014544722

Local and National Concentration Trends in Jobs and Sales : The Role of Structural Transformation

Autor, David H.; Patterson, Christina; Van Reenen, John - National Bureau of Economic Research - 2023

concentration. We document that the Herfindhahl index of local employment concentration, measured at the county-by-NAICS six … employment concentration trends is attributable to the structural transformation of U.S. economic activity: both sales and … employment concentration rose within industry-by-county cells; but reallocation of sales and employment from relatively …

Persistent link: https://www.econbiz.de/10014250148

The Importance of Financial Literacy : Opening a New Field

Lusardi, Annamaria; Mitchell, Olivia S. - National Bureau of Economic Research - 2023

We undertake an assessment of our two decades of research on financial literacy, building on our empirical research and theoretical work casting financial knowledge as a form of investment in human capital. We also draw on recent data to determine who is the most - and least - financially savvy...

Persistent link: https://www.econbiz.de/10014250163

Household Investment in 529 College Savings Plans and Information Processing Frictions

Li, James J.; Mitchell, Olivia S.; Zhu, Christina - National Bureau of Economic Research - 2023

We investigate how information processing frictions contribute to household suboptimal saving and investment behavior. We find that 60% of open accounts in college 529 savings plans are invested suboptimally due to high expenses and tax inefficiency. Such investments yield an expected loss of 9%...

Persistent link: https://www.econbiz.de/10013537742

Trading Places : Mobility Responses of Native and Foreign-Born Adults to the China Trade Shock

Autor, David H.; Dorn, David; Hanson, Gordon H. - National Bureau of Economic Research - 2023

Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...

Persistent link: https://www.econbiz.de/10013537796

Financial Regret at Older Ages and Longevity Awareness

Hurwitz, Abigail; Mitchell, Olivia S. - National Bureau of Economic Research - 2022

Older people often express regret about financial decisions made earlier in life that left them susceptible to old-age insecurity. Prior work has explored one outcome, saving regret, or peoples' expressed wish that they had saved more earlier in life. The present paper extends attention to five...

Persistent link: https://www.econbiz.de/10013462744

Bottlenecks : Sectoral Imbalances and the US Productivity Slowdown

Acemoglu, Daron; Autor, David H.; Patterson, Christina - National Bureau of Economic Research - 2023

Despite the rapid pace of innovation in information and communications technologies (ICT) and electronics, aggregate US productivity growth has been disappointing since the 1970s. We propose and empirically explore the hypothesis that slow growth stems in part from an unbalanced sectoral...

Persistent link: https://www.econbiz.de/10014322814

Protective Behavior and Life Insurance

Hurwitz, Abigail; Mitchell, Olivia S.; Sade, Orly - National Bureau of Economic Research - 2024

We study life insurance market responses to Covid-19 using unique national administrative data from Israel on purchases and cancellations of life insurance policies, and an internet survey of Americans' life insurance choices, risk attitudes, Covid-19 perceptions, and vaccination behavior. We...

Persistent link: https://www.econbiz.de/10014486194

Applying AI to Rebuild Middle Class Jobs

Autor, David H. - National Bureau of Economic Research - 2024

While the utopian vision of the current Information Age was that computerization would flatten economic hierarchies by democratizing information, the opposite has occurred. Information, it turns out, is merely an input into a more consequential economic function, decision-making, which is the...

Persistent link: https://www.econbiz.de/10014486232

Help for the Heartland? : The Employment and Electoral Effects of the Trump Tariffs in the United States

Autor, David H.; Beck, Anne; Dorn, David; Hanson, Gordon H. - National Bureau of Economic Research - 2024

: import tariffs on foreign goods neither raised nor lowered US employment in newly-protected sectors; retaliatory tariffs had … clear negative employment impacts, primarily in agriculture; and these harms were only partly mitigated by compensatory US …

Persistent link: https://www.econbiz.de/10014468281