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I survey the advice given by the fifty most popular personal finance books and compare it to the prescriptions of normative academic economic models. Popular advice frequently departs from normative principles derived from economic theory, which should motivate new hypotheses about why...
Persistent link: https://www.econbiz.de/10013362049
a regression discontinuity design, we document how a third grade retention policy affects both the target children and … their younger siblings. The policy improves test scores of both children while the spillover is up to 30% of the target … child effect size. The effects are particularly pronounced in families where one of the children is disabled, for boys, and …
Persistent link: https://www.econbiz.de/10014322793
We document substantial variation in the effects of a highly-effective literacy pro-gram in northern Uganda. The program increases test scores by 1.40 SDs on average, but standard statistical bounds show that the impact standard deviation exceeds 1.0SD. This implies that the variation in effects...
Persistent link: https://www.econbiz.de/10012696368
educational mobility by exploiting within-family variation from children whose families moved during primary school age. While …
Persistent link: https://www.econbiz.de/10012479489
Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial behavior. We find that the most important measure of social capital in explaining stock market and saving participation is Economic Connectedness, defined as the fraction of one's...
Persistent link: https://www.econbiz.de/10014512040
We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment condition, it also projects retirement income based on...
Persistent link: https://www.econbiz.de/10013477215
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
This article provides a concise narrative overview of the rapidly growing empirical literature on financial literacy and financial education. We first discuss stylized facts on the demographic correlates of financial literacy. We next cover the evidence on the effects of financial literacy on...
Persistent link: https://www.econbiz.de/10014528394
We examine gender differences in financial literacy among high school students in Italy using data from the 2012 Programme for International Student Assessment (PISA). Gender differences in financial literacy are large among the young in Italy. They are present in all regions and are...
Persistent link: https://www.econbiz.de/10012482284
The growing use of on-line educational content and related video services has changed the way people access education, share knowledge, and possibly make life decisions. In this paper, we characterize how video content affects individual decision-making and willingness to share in the context of...
Persistent link: https://www.econbiz.de/10012458397