Youth. We showed that financial literacy is low; fewer than one-third of young adults possess basic knowledge of interest … education whose parents were not wealthy. These findings have implications for consumer policy. -- Financial Knowledge ; Peer …

by exploiting information about respondent financial knowledge acquired in school. Results show that those with more … advanced financial knowledge are those more likely to be retirement-ready. -- Financial Knowledge ; Financial Sophistication …

productivity. We show that long-run growth estimates based on filtering U.S. productivity data comove strongly with long …-horizon survey expectations. By simulating the model in which agents filter data on U.S. productivity growth, we closely match the U …

This paper explores the impact of immigrants on the imports, exports and productivity of service- producing firms in … productivity of the firm as well as its export behavior. The first effect can be understood as the re-assignment of offshore … productive tasks to immigrant workers. The second can be seen as a productivity or cost cutting effect due to immigration, and …