This paper by Damon Jones and Aprajit Mahajan describes a pilot version of a field experiment designed to test theories of time inconsistency (a model of quasi-hyperbolic discounting) in the context of a savings decision made by low-income tax filers. By estimating the effect of impatience on savings decisions, the results of the study can … Continue reading Time-Inconsistency and Savings: Experimental Evidence from Low-income Tax Filers
Briefs
Increasing Retirement Savings by Working Women: Understanding Gender Disparities in Wisconsin Deferred Compensation Program Account Balances
The purpose of this study by Karen Holden and Sara Kock is to better understand the sources of observed gender disparities in Wisconsin Deferred Compensation (WDC) Program account balances. The WDC is a supplemental tax-deferred voluntary retirement savings plan offered to individuals holding jobs covered by Wisconsin’s public pension system. Download Paper Download Brief Because … Continue reading Increasing Retirement Savings by Working Women: Understanding Gender Disparities in Wisconsin Deferred Compensation Program Account Balances
Early-Life Schooling and Cognition and Late-Life Financial Literacy in the Wisconsin Longitudinal Study
This paper by Pamela Herd, Karen Holden, and Yung-ting Su focuses on the relationship between cognitive functioning in early and late life and older adults’ ability to effectively manage their finances. Download Brief The results of this study demonstrate the problems that older adults face today, and that younger cohorts will face to an even greater … Continue reading Early-Life Schooling and Cognition and Late-Life Financial Literacy in the Wisconsin Longitudinal Study
University of Wisconsin-Madison Center for Financial Security 