Not everyone makes wise financial choices. A large body of research documents behavior inconsistent with well-informed consumers maximizing their expected utility of consumption. It remains unknown, however, whether such behavior is correlated across domains. This paper uses two novel datasets...

Are productivity increases from small amounts of stress (or shocks) in an economic task dependent upon the content of the shock? It has been found small amounts of stress can lead to an increase in memory. We examine if the same is true with productivity in an economic experiment and whether it...

Tournament incentives prevail in labor markets, in particular with respect to promotions. Yet, it is often unclear to competitors how many winners there will be or how many applicants compete in the tournament. While it is hard to measure how this uncertainty affects work performance and...

This paper examines how workers allocated their contributions and assets in their employer-sponsored retirement savings plans within the TIAA system over the 2012 to 2018 period. Consistent with previous research, we find that Lifecycle funds, an auto-diversified target-date fund with an...

We measure the relative need and demand for financial education programs among graduate students at a large university system. We find self-assessed and measured financial literacy is significantly related to interest and demand for financial education. Individuals who self-report a high level...

This paper challenges the conventional wisdom that major fiscal policy announcements, in the form of the annual Budget, has a major and lasting impact on voter support for the incumbent government. Rather, reforming governments can ignore the media hysteria that they are 'electorally doomed'...

Within social situations free-riding individuals can be informally punished through social ostracism; ostracized group members are removed from the social aspect of the group but are still formally members. In this study we examine the effectiveness of non-monetary social ostracism as a...