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Prescott finds reported sex offenses lower in neighborhoods with resident sex offenders

Geronimus says poor Detroiters face greater health risks given adverse social conditions

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

David Lam is new director of Institute for Social Research

Elizabeth Bruch wins Robert Merton Prize for paper in analytic sociology

Elizabeth Bruch wins ASA award for paper in mathematical sociology

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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This PSC Archive record is displayed for historical reference.

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