The "ladder of investment" is a regulatory approach proposed by Martin Cave (2006), which has been widely embraced by national regulatory…
Book abstract: Increasing economic globalization has made understanding the world economy more important than ever. From trade agreements…
We show that individual investors over-extrapolate from their personal experience when making savings decisions. Investors who experience…
We evaluate why individuals invest in high-fee index funds. In our experiments, subjects each allocate $10,000 across four S&P 500…
This paper introduces a family of multi-period poverty measures
derived from commonly used static poverty measures. Our measures
trade-off…
In past recessions, as income and confidence rebounded, consumers segued rapidly back from the Salvation Army to Saks. But this recession…
There is a low but uncertain probability that climate change could trigger “mega-catastrophes,” severe and at least partly irreversible…
Research on entrepreneurship often examines the local dimensions of new business formation. The local environment influences the choices of…
Defaults often have a large influence on consumer decisions. We identify an overlooked but practical alternative to defaults: requiring…
Please note that this paper has been revised and is now posted in our series as RWP10-001.