Abstract

Psychological factors play a critical role in lifecycle wealth accumulation. Procrastination and impulsivity undercut wealth accumulation. Bounded rationality and financial illiteracy lead to suboptimal investment decisions. We will study such key psychological factors using a wide range of methods. Our data will include twin studies, household income and wealth surveys, and detailed panel data sets provided by a 401(k) record keeper. We will identify both the psychological factors that influence retirement planning and also identify the prescriptive interventions that can increase the success of lifecycle planning.

  Funding Agency

Agency
National Institute of Health (NIH)
Institute
National Institute on Aging (NIA)
Type
Research Program Projects (P01)
Project #
5P01AG005842-23
Application #
7616422
Study Section
Special Emphasis Panel (ZAG1)
Project Start
Project End
Budget Start
2008-04-01
Budget End
2009-03-31
Support Year
23
Fiscal Year
2008
Total Cost
$241,003
Indirect Cost

  Institution

Name
National Bureau of Economic Research
Department
Type
DUNS #
054552435
City
Cambridge
State
MA
Country
United States
Zip Code
02138

  Publications

Cimas, M; Ayala, A; Sanz, B et al. (2018) Chronic musculoskeletal pain in European older adults: Cross-national and gender differences. Eur J Pain 22:333-345
Dobkin, Carlos; Finkelstein, Amy; Kluender, Raymond et al. (2018) Myth and Measurement - The Case of Medical Bankruptcies. N Engl J Med 378:1076-1078
Schwartz, Ella; Khalaila, Rabia; Litwin, Howard (2018) Contact frequency and cognitive health among older adults in Israel. Aging Ment Health :1-9
Sand, Gregor; Gruber, Stefan (2018) Differences in Subjective Well-being Between Older Migrants and Natives in Europe. J Immigr Minor Health 20:83-90
Reus-Pons, Matias; Mulder, Clara H; Kibele, Eva U B et al. (2018) Differences in the health transition patterns of migrants and non-migrants aged 50 and older in southern and western Europe (2004-2015). BMC Med 16:57
Henseke, Golo (2018) Good jobs, good pay, better health? The effects of job quality on health among older European workers. Eur J Health Econ 19:59-73
Dobkin, Carlos; Finkelstein, Amy; Kluender, Raymond et al. (2018) The Economic Consequences of Hospital Admissions. Am Econ Rev 108:308-52
Turley, Patrick; Walters, Raymond K; Maghzian, Omeed et al. (2018) Multi-trait analysis of genome-wide association summary statistics using MTAG. Nat Genet 50:229-237
Rokicki, Slawa; Cohen, Jessica; Fink, Günther et al. (2018) Inference With Difference-in-Differences With a Small Number of Groups: A Review, Simulation Study, and Empirical Application Using SHARE Data. Med Care 56:97-105
Foverskov, Else; Glymour, M Maria; Mortensen, Erik L et al. (2018) Education and Cognitive Aging: Accounting for Selection and Confounding in Linkage of Data From the Danish Registry and Survey of Health, Ageing and Retirement in Europe. Am J Epidemiol 187:2423-2430

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