Recent Work
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Financial “Side Effects” of Medicare: Public Health Insurance and Household Portfolio Choices
In this post we discuss whether individuals experiencing a reduction in out-of-pocket medical expenses risk when they become Medicare eligible are more likely to invest in the stock market.
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Cognitive Ability and Financial Capability
We know that income and education are positively associated with financial capability, but we understand less about the impact of other underlying factors, such as motivation, self-control and propensity to plan. This blog post considers one of these factors, cognitive ability, and discusses how financial decisions and wellbeing vary with cognition within income and education groups.
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Does Consumer Spending React to Changes in Housing Wealth?
There are several mechanisms through which the link between housing market cycles and household spending may arise. The Great Recession of the last decade offers a unique opportunity to assess the extent to which household spending responds to changes in house values.
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