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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 goals. In the treatment condition, it also projects retirement income based on...
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Understanding why women are less financially literate than men is crucial for developing effective policies that decrease gender inequalities and improve women's financial literacy, agency and empowerment. Accordingly, in this paper, we adopt a multidimensional approach to measure financial...
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We compare the performance of financial professionals (CFAs) with university students in four financial forecasting tasks ranging from simple lab prediction tasks to longitudinal field tasks. Although students and professionals performed similarly in the artificial forecasting tasks, their...
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FinTech in the Philippines has been gaining more attention in recent years, especially during the onset of the COVID-19 pandemic when lockdowns are prevalent and cashless payment methods are encouraged to limit exposure to health risks from face-to-face and cash-based transactions. Digital...
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Gender gaps in financial literacy are pervasive and persistent. They are partly explained because women choose "I do not know" more frequently. We test for the effectiveness of three interventions to shift this behavior. The control survey includes the possibility of "I do not know". The three...
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