Annamaria Lusardi

TL;DR: The authors employ a stochastic life cycle model with endogenous financial knowledge accumulation and investigate how financial education programs optimally shape key economic outcomes, showing that the more effective programs provide follow-up in order to sustain the knowledge acquired by employees via the program, in such an instance, financial education delivered to employees around the age of 40 can raise savings at retirement.

TL;DR: In this article, the authors used data from both the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS) to ascertain whether older women's current and anticipated future labor force patterns has changed over time, and if so, to evaluate the factors associated with longer work lives and plans to continue work at older ages.

TL;DR: In this paper, the effectiveness of both videos and narratives in improving people's understanding of five basic concepts in financial planning is investigated, and the results show that both video and narrative can help improve people understanding of financial planning.

TL;DR: In this paper, the authors analyzed older individuals' debt, debt management practices, and financial fragility using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS) to assess how wealth and debt among older persons have evolved over time, along with the potential consequences for retirement security.

TL;DR: In this paper, a low-cost, easily-replicable financial education program called "Five Steps," covering five basic financial planning concepts that relate to retirement, was designed and field a field experiment to evaluate the overall impact of "five steps" on a probability sample of the American population.