In this paper, we examine the performance of male and female students participating in a unique and successful high school program called Keys to Financial Success. Using the Financial Fitness for Life High School Test (FFFL-HS) results from 965 students enrolled in a one-semester Keys course,...

Two instructional features are available to students in blended courses that are not present in traditional courses. First, online content is available with the intent that it substitute for a portion of face-to-face lectures or other in-class types of material delivery. Second, in-class seat...

The global financial crisis of 2007-2009 has generated a renewed interest in including personal finance in the secondary curriculum in the United States and in many countries around the world. This paper explains the features of a successful and unique high school personal finance curriculum,...

The economics profession has consistently demonstrated an interest in increasing the number of students exposed to economics, providing students with a quality education and identifying the key determinants of student success in the economics curriculum. Several strategies have been recommended...

One of the most persistent, and controversial, empirical regularities in economic education research is the significant difference between the test scores of male and female students. Several possible explanations for this “Gender Gap” are well documented in the literature. Using a large...

This paper examines how investments in health, through spending on preventive care, affect subsequent spending on medical care among the retired population.Augmenting a traditional dynamic consumption-savings model with two medical care goods, I estimate a structural life cycle model using data...

We evaluate the impact of increased income uncertainty and financial liberalisation in the US on consumption volatility and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as the squared residuals. We directly control for...

We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems...

The method of endogenous gridpoints (ENDG) significantly speeds up the solution to dynamic stochastic optimization problems with continuous state and control variables by avoiding repeated computations of expected outcomes while searching for optimal policy functions. While the method has been...

In a well-known and widely-cited paper, Akerlof, Yellen, and Katz (1996) proposed a novel and counter-intuitive explanation for the rise of non-marital births in the U.S. that emphasized the way in which improved birth control and legalized abortion altered social norms about the responsibility...