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Thompson says America must "unchoose" policies that have led to mass incarceration

Axinn says new data on campus rape will "allow students to see for themselves the full extent of this problem"

Frey says white population is growing in Detroit and other large cities


Susan Murphy to speak at U-M kickoff for data science initiative, Oct 6, Rackham

Andrew Goodman-Bacon, former trainee, wins 2015 Nevins Prize for best dissertation in economic history

Deirdre Bloome wins ASA award for work on racial inequality and intergenerational transmission

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

Next Brown Bag

Monday, Oct 12 at noon, 6050 ISR
Joe Grengs: Policy & planning for transportation equity

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This PSC Archive record is displayed for historical reference.

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