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Frey and colleagues outline 10 trends showing scale of America's demographic transitions

Starr says surveys intended to predict recidivism assign higher risk to poor

Prescott and colleagues find incidence of noncompetes in U.S. labor force varies by job, state, worker education

Highlights

ISR addition wins LEED Gold Certification

Call for Proposals: Small Grants for Research Using PSID Data. Due March 2, 2015

PSC Fall 2014 Newsletter now available

Martha Bailey and Nicolas Duquette win Cole Prize for article on War on Poverty

Next Brown Bag

Mon, March 9
Luigi Pistaferri, Consumption Inequality and Family Labor Supply

Robert Willis photo

Implications of Alzheimer's Disease Risk for Household Financial Decision Making

a PSC Research Project [ARCHIVE DISPLAY]

Investigator:   Robert Willis

In this project, we propose to use a new body of data from the Cognitive Economics Survey (CogEcon) to explore how cognitive decline affects family financial decision making. Our analysis builds on and extends ongoing work in Joanne W. Hsu’s PhD dissertation. She notes that the CogEcon data show that a woman typically knows less about financial matters than her husband, but is likely to outlive him and can expect to become responsible for financial matters. Because the benefits of financial knowledge for women are not realized until she is a widow, Hsu’s theoretical model predicts that a woman has an incentive to delay the acquisition of financial knowledge until later in life. Conversely, because knowledge cannot be acquired instantaneously, she also has an incentive to begin her acquisition of financial knowledge well before widowhood so that she will be equipped with the knowledge needed to manage her wealth when her husband dies.

Funding Period: 01/28/2010 to 01/31/2011

This PSC Archive record is displayed for historical reference.

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