Areas of Research Interest: Effects of Social Security and Pension on Economic Status after Retirement and Widowhood, Adequacy of Retirement Saving, Happiness and Financial Well-Being, Evaluation of Financial Literacy Programs, and Development of Financial Education Programs for Young Children
This paper by Karen Holden and Sara Kock is the third report in our study of the influences affecting participation and contribution decisions of individuals eligible to participate in the Wisconsin Deferred Compensation (WDC) program. This analysis is intended to complement both the quantitative analysis in their 2012 report, based on administrative and survey data, and the focus group discussions reported in their 2011 report.
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.
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.
Financial decisions are compelled and constrained by non-financial factors. These include personality characteristics of individuals as well as the social environments in which decisions are made. This paper by Karen Holden provides an overview of theories that seek to explain how non-financial factors influence financial decisions: Developmental Psychology, Crystallized and Fluid Intelligence, Behavioral Economics, Neuro-Brain Research, and Culture of Poverty.