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This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the empirical findings that so few consumers behave in a...
Persistent link: https://www.econbiz.de/10012759761
There are a host of potentially risky behaviors in which youth engage, which have important implications for both their well being as youth and their life prospects. The past decade has seen dramatic shifts in the intensity with which youths pursue these risky activities: for example, youth...
Persistent link: https://www.econbiz.de/10013234927
for (and against) each putative bias, and I highlight when and how different biases may be related to each other. The …
Persistent link: https://www.econbiz.de/10012908820
? This paper begins an exploration of that issue by considering the consequence of one such bias, the base-rate fallacy, for … due to the base-rate fallacy, they can also benefit from this bias …
Persistent link: https://www.econbiz.de/10012948072
firms are not obliged to express reservations they may have about the fundamental accuracy of the reports they audit. This …
Persistent link: https://www.econbiz.de/10012767752
whole, these events have increased thesensitivity to and scrutiny of auditor independence. We examine the effects of these … events on themarket for tax planning, in particular the longstanding link between audit and tax services. Whilethe effects … audit fees paid to the auditors of firms in the S&P500 decline from approximately one in 2001 to one-fourth in 2004. At the …
Persistent link: https://www.econbiz.de/10013224384
This paper: i) estimates the effect that going to a better school has on students' academic achievement, and ii) explores whether this intervention induces behavioral responses on the part of children, their parents, and the school system. For the first task, we exploit almost 2,000 regression...
Persistent link: https://www.econbiz.de/10013128273
Economists have puzzled over why eligible individuals fail to enroll in social safety net programs. "Chilling effects" arising from an icy policy climate are a popular explanation for low program take-up rates among immigrants, but such effects are inherently hard to measure. This paper...
Persistent link: https://www.econbiz.de/10013139139
This paper examines the links between the disease environment around the time of a woman's birth, and her health at the time she delivers her own infant. Our results suggest that exposure to disease in early childhood significantly increases the incidence of diabetes in the population of future...
Persistent link: https://www.econbiz.de/10013117385
If people get joy from giving, then why might they avoid fundraisers? We explore this in a randomized natural field experiment during the Salvation Army's annual campaign. The familiar bell-ringers were placed at one or both of two main entrances to a supermarket, making the ask for a charitable...
Persistent link: https://www.econbiz.de/10013117564