Protected: FINANCIAL SECURITY (DRAFT)
Aug 23, 2013
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FOLLOW THE DISCUSSION
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CURRENT PROJECTS
- Facing the Challenges of a Multi-age Workforce
- The Future of Financial Wellness
- The Impact of Survey Context on Self-Reported Rates of Fraud Victimization
- Foundations in Research for Regulatory Guidelines on the Design and Operation of Retirement Income Solutions in DC Plans
- Building Best Practices for Retirement Income
- The True Impact of Fraud: A Roundtable of Experts
- Adapting to an Aging Workforce - New York 2014
- A Framework for Sustainable Social Security Systems
- The Scope of the Problem: An Overview of Fraud Prevalence Measurement
| In August, 2012, the Stanford Center on Longevity announced a collaboration with Marsh & McLennan Companies that focuses on the issues of financial security. |
DEMOGRAPHIC LENS: FINANCIAL SECURITY
FACULTY AFFILIATE HIGHLIGHTS
What Will My Account Really Be Worth? An Experiment on Exponential Growth Bias and Retirement Saving
Recent findings on limited financial literacy and exponential growth bias suggest saving decisions may not be optimal because such decisions require an accurate understanding of how current contributions can translate into income in retirement. This study uses a large-scale field experiment to measure how a low-cost, direct-mail intervention designed to inform subjects about this relationship affects their saving behavior. Read more
Alternative Ways of Measuring Age, Their Relationship to Labor Force Participation, Government Policies, and GDP
"This chapter is not about what you think it is. It is about how to measure age. I argue that there are better alternatives to the standard measure of years- since- birth. In fact, I claim that public policy would be better if age were more appropriately specified in the law."
John B. Shoven
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John B. Shoven
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Increasing Saving Behavior Through Age-Progressed Renderings of the Future Self
Many people fail to save what they will need for retirement. Research on excessive discounting of the future suggests that removing the lure of immediate rewards by pre-committing to decisions or elaborating the value of future rewards both can make decisions more future oriented. The authors explore a third and complementary route, one that deals not with present and future rewards but with present and future selves. Read more