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The racial saving gap enigma : unraveling the role of institutions
Belton, Willie James (contributor);  … - 2008
transmitted through culture can help to explain this persistent saving disparity. -- Savings gap ; institutions ; race ; culture … evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an … scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions …
Persistent link: https://www.econbiz.de/10003724139
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Adopting, using, and discarding paper and electronic payment instruments: Variation by age and race
Mann, Ronald J. - 2011
significant age- and race-related differences in payments choices. Among other things, it suggests that the range of payment … access to financial institutions. With regard to age, it documents pervasive (and complex) age-related patterns at every step …
Persistent link: https://www.econbiz.de/10010282787
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Financial Behavior and Attitudes of Asians Compared to Other Racial/Ethnic Groups in the United States
Hanna, Sherman D. - 2015
Most research studying family financial behavior of racial/ethnic groups has ignored Asian households or arbitrarily combined them with other racial/ethnic groups. We treated Asian households as a separate racial/ethnic group to compare twelve financial behaviors and attitudes of Asian...
Persistent link: https://www.econbiz.de/10013024749
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Adopting, using, and discarding paper and electronic payment instruments : variation by age and race
Mann, Ronald J. - 2011
significant age- and race-related differences in payments choices. Among other things, it suggests that the range of payment … access to financial institutions. With regard to age, it documents pervasive (and complex) age-related patterns at every step …
Persistent link: https://www.econbiz.de/10009125171
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Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Gaps in Retirement Wealth Accumulation by Race and Parental Income
Choukhmane, Taha; Colmenares, Jorge; O'Dea, Cormac; … - National Bureau of Economic Research - 2024
U.S. employers and the federal government devote over 1.5% of GDP annually toward promoting defined contribution (DC) retirement saving. Using a new employer-employee linked dataset covering millions of Americans, we show that this system of saving incentives benefits White workers and those...
Persistent link: https://www.econbiz.de/10015056169
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Culture and adult financial literacy: evidence from the United States
Davoli, Maddalena; Rodríguez-Planas, Núria - 2020
Using a US nationally representative sample of over 6,000 adults from 26 countries of ancestry, we find a strong association between their financial literacy in the US and the financial literacy level in their self-reported country of ancestry. More specifically, if an individual from a country...
Persistent link: https://www.econbiz.de/10012237342
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Increasing the effectiveness of financial education in the workplace
Lusardi, Annamaria - 2008
Persistent link: https://www.econbiz.de/10010298401
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Financial literacy: An essential tool for informed consumer choice?
Lusardi, Annamaria - 2008
Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. This paper demonstrates widespread financial illiteracy...
Persistent link: https://www.econbiz.de/10010298402
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Discounting financial literacy: time preferences and participation in financial education programs
Meier, Stephan; Sprenger, Charles D. - 2008
Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...
Persistent link: https://www.econbiz.de/10010276778
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Household debt and saving during the 2007 recession
Chakrabarti, Rajashri; Lee, Donghoon; van der Klaauw, … - 2011
Using credit report records and data collected from several household surveys, we analyze changes in household debt and saving during the 2007 recession. We find that, while different segments of the population were affected in distinct ways, depending on whether they owned a home, whether they...
Persistent link: https://www.econbiz.de/10010287080