Annamaria Lusardi

TL;DR: In this article, the authors examined gender differences in financial literacy among high school students in Italy using data from the 2012 Programme for International Student Assessment (PISA) and found that the social and cultural environment in which girls and boys live plays a crucial role in explaining gender differences.

TL;DR: In this paper, the authors use two micro data sets that collect harmonized data across countries to investigate the effects of regulation on new businesses and find that women are overall less likely to start new businesses, in more regulated countries women are pulled into entrepreneurship not to pursue a business opportunity but because they could not find better work.

TL;DR: In this paper, the authors analyzed older individuals' debt and financial vulnerability using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS), showing that recent cohorts have taken on more debt and face more financial insecurity, mostly due to having purchased more expensive homes with smaller down payments.

TL;DR: The authors test for consumption smoothing using bankruptcy data on players in the National Football League (NFL), who typically earn several million dollars during an income spike that lasts a few years, and find that players in their sample begin to file for bankruptcy soon after they stop playing and continue filing at a high rate through at least the first 12 years of retirement.

TL;DR: The authors examined households' financial fragility by looking at their capacity to come up with $2,000 in 30 days using data from the 2009 TNS Global Economic Crisis Study, finding that approximately one-quarter of U.S. respondents are certain they could not come up to that sum.