Showing 1 - 10 of 496
We use an experiment to estimate the effect of the SEC's Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an equity portfolio and a bond portfolio. Subjects received either statutory prospectuses or Summary Prospectuses. We find no evidence that the Summary...
Persistent link: https://www.econbiz.de/10005830396
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately identify two channels of social influence in financial decisions, both widely studied theoretically. When someone purchases an asset, his peers may also want to purchase it, both...
Persistent link: https://www.econbiz.de/10010618276
In this article we review the literature on financial literacy, financial education, and consumer financial outcomes. We consider how financial literacy is measured in the current literature, and examine how well the existing literature addresses whether financial education improves financial...
Persistent link: https://www.econbiz.de/10010785601
. Providing information on the relative risk of HIV infection by partner's age led to a 28% decrease in teen pregnancy, an … curriculum had no impact on teen pregnancy. These results suggest that teenagers are responsive to risk information but their …
Persistent link: https://www.econbiz.de/10005829439
Using sportscard grading as an example, we employ field experiments to investigate empirically the informational role of professional certifiers. In the past 20 years, professional grading of sportscards has evolved in a way that provides a unique opportunity to measure the information provision...
Persistent link: https://www.econbiz.de/10005829568
It is often argued that cost-sharing -- charging a subsidized, positive price -- or a health product is necessary to avoid wasting resources on those who will not use or do not need the product. We explore this argument through a field experiment in Kenya, in which we randomized the price at...
Persistent link: https://www.econbiz.de/10005829976
This paper develops and applies semiparametric econometric methods to estimate the form of selection bias that arises … econometric selection model which represents the bias solely as a function of the probability of participation; and (c) the method … method but find evidence in support of the index-sufficient selection bias model and the assumptions that justify application …
Persistent link: https://www.econbiz.de/10005830518
Acts of dishonesty permeate life. Understanding their origins, and what mechanisms help to attenuate such acts is an underexplored area of research. This study takes an economics approach to explore the propensity of individuals to act dishonestly across different economic environments. We begin...
Persistent link: https://www.econbiz.de/10011159898
We implement a randomized experiment offering Salvadoran migrants matching funds for educational remittances, which are channeled directly to a beneficiary student in El Salvador chosen by the migrant. The matches lead to increased educational expenditures, higher private school attendance, and...
Persistent link: https://www.econbiz.de/10011252329
Childhood obesity has reached epidemic proportions in the U.S., with now almost a third of children ages 2-19 deemed overweight or obese. In this study, we leverage recent findings from behavioral economics to explore new approaches to tackling one aspect of childhood obesity: food choice and...
Persistent link: https://www.econbiz.de/10011201572