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Kruger says reports of phantom mobile phone ringing/vibrating more common among anxious

Stafford says too early to say whether stock market declines will curtail Americans' spending

Eisenberg says many colleges now train campus personnel to spot and refer troubled college students

Highlights

Call for papers: Conference on Integrating Genetics and the Social Sciences, Oct 21-22, 2016, CU-Boulder

PRB training program in policy communication for pre-docs. Application deadline, 2.28.2016

Call for proposals: PSID small grants for research on life course impacts on later life wellbeing

PSC News, fall 2015 now available

Next Brown Bag

Monday, Feb 1 at noon, 6050 ISR-Thompson
Sarah Miller

Robert Willis photo

Behavior on Surveys and in the Economy: HRS and Beyond

a PSC Research Project

Investigators:   Robert Willis, Matthew D. Shapiro, Brooke Helppie McFall

Aging citizens are required to make important financial decisions that will impact many aspects of their increasing long years in retirement. As people age, however, they face a growing mismatch between the complexity of the decisions they face and the cognitive declines that may hinder their decision-making abilities.

This project develops new data that combines objective measures of behaviors and outcomes relating to wealth and portfolio choice with subjective measures of expectations, preferences, and affect, and measures of financial knowledge and cognition. By combining data across these domains, the project will contribute to a fuller understanding of how older Americans view and handle financial decision-making.

The project also advances the methodology for studying the behavior and decision-making of older Americans by combining data from several measurement modes: large-scale surveys conducted by mail, Internet, and telephone; laboratory experiments; cognitive interviewing; and administrative records. Linking data for individual observations across these modes enables assessment and improvement of the methods of measurement, which the researchers ultimately plan to extend from financial to healthcare decision-making.

This project examines how the financial crisis that began in the fall 2008 has affected the retirement planning and well-being of older Americans. Furthermore, it analyzes innovations in retirement finance that will better serve the needs of older Americans by addressing their need to make complex decisions while faced with the prospect of declining cognition.

Funding Period: 04/15/2010 to 03/31/2017

Country of Focus: USA

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