EconomistDepartment of the Treasury’s Office of Economic Policy Areas of Research Interest: Public Finance, Social Insurance, Pensions, Savings, Disability, and Aging. More Information Previous Return to Fellows Next
Jason Seligman
Using the Right Yardstick: Assessing Financial Literacy Measures by Way of Financial Well-being
Using data from nine waves of the Health and Retirement Study (HRS), Jason Seligman and Maximilian Schmeiser examine whether existing measures of financial literacy are descriptive and/or predictive of successful household financial management, as well as resilience in the recent financial crisis. We find that once individual characteristics are carefully accounted for in our analysis, … Continue reading Using the Right Yardstick: Assessing Financial Literacy Measures by Way of Financial Well-being
Financial Literacy, Evidence from the Cusp of Retirement
Jason Seligman presented this paper at the Family Financial Security Symposium in April, 2010. Following a survey of employees estimated to be one year from retirement Seligman analyzed responses to a twelve item financial literacy quiz relating scores to evidence of planning exercises, self-assessed proficiency with economics, education, wealth, IRA ownership and a battery of demographic controls. … Continue reading Financial Literacy, Evidence from the Cusp of Retirement
University of Wisconsin-Madison Center for Financial Security 