Implementation of broad approaches to welfare analysis usually entails the use of ‘subjective’ welfare indicators. We analyse BHPS data on financial wellbeing to determine whether reported current and retrospective perceptions are consistent with each other and with the existence of a common...

In 2009, the National Endowment for Financial Education initiated a project to study the "Implications of a Quarter Century Research in Personal Finance." As part of that effort, one of the major themes chosen was to study the measurement and evaluation of participant outcomes. This paper is...

In this paper, we examine the financial literacy, thus the financial behaviour of 352 Greek households. In turn, we compare our findings with results from a similar survey we conducted on an equivalent sample of small and medium-sized enterprises (SMEs). Our aim was to realise if there is any...

We study biased survival expectations across two domains and examine whether such biased expectations influence health and financial behaviors. Combining individual-level longitudinal data, retrospective, and end of life data from several European countries for more than a decade, we estimate...

Efforts are being exerted in many developing countries to promote financial inclusion by increasing individuals' access to financial products and services. However, literature suggests that increasing the supply of financial products and services per se may not help in expanding financial...