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Synthesis Report: Behavioral Finance Synthesis: Findings
Topic Area: Behavioral Finance: Retirement
Findings:
People have relatively limited knowledge about saving for retirement and can be induced to save more when provided with additional information.
Making retirement more salient, by having people think of themselves in retirement or providing a target retirement date, can increase intentions to save and alter investment choices.
People can become overwhelmed by the number of investment options they face; when this occurs, they tend to use simple rules to make decisions.
Neumark, D., & Button, P. (2014). Did age discrimination protections help older workers weather the Great Recession? Journal of Policy Analysis and Management, 33(4), 566-601. doi:10.1002/pam.21762
Topic Area: Older Workers
Study Type: Causal Impact Analysis
Outcome Effectiveness:Bailey, J. (2014). Who pays the high health costs of older workers? Evidence from prostate cancer screening mandates. Applied Economics, 46(32), 3931-3941. doi:10.1080/00036846.2014.948673
Topic Area: Older Workers
Study Type: Causal Impact Analysis
Outcome Effectiveness:Lahey, J. State age protection laws and the Age Discrimination in Employment Act. (2008). The Journal of Law and Economics, 51(3), 433-460.
Topic Area: Older Workers
Study Type: Causal Impact Analysis
Outcome Effectiveness:Blau, D., & Shvydko, T. (2011). Labor market rigidities and the employment behavior of older workers. Industrial and Labor Relations Review, 64(3), 464-484.
Topic Area: Older Workers
Study Type: Causal Impact Analysis
Outcome Effectiveness:Zhang, T. (2011). Workforce Investment Act training for older workers: Toward a better understanding of older worker needs during the economic recovery (ETA Occasional Paper 2011-10). Washington, DC: U.S. Department of Labor, Employment and Training Administration.
Topic Area: Older Workers
Study Type: Causal Impact Analysis
Outcome Effectiveness:Neumark, D., Song, J., & Button, P. (2017). Does protecting older workers from discrimination make it harder to get hired? Evidence from disability discrimination laws. Research on Aging, 39(1), 29-63.
Topic Area: Older Workers
Study Type: Causal Impact Analysis
Outcome Effectiveness:Engelhardt, G. V., & Kumar, A. (2009). The repeal of the retirement earnings test and the labor supply of older men. Journal of Pension Economics & Finance, 8(4), 429-450.
Topic Area: Older Workers
Study Type: Causal Impact Analysis
Outcome Effectiveness:Hollenbeck, K., & Huang, W-J. (2006). Net impact and benefit-cost estimates of the workforce development system in Washington State. (Upjohn Institute technical report no. TR06-020). Kalamazoo, MI: W. E. Upjohn Institute for Employment Research. [WIA Dislocated Workers]
Topic Area: Apprenticeship and Work-Based Training
Study Type: Causal Impact Analysis
Outcome Effectiveness:- Bell, J. L., Collins, J. W., & Chiou, S. (2019). Effectiveness of a no-cost-to-workers, slip-resistant footwear program for reducing slipping-related injuries in food service workers: a cluster randomized trial. Scandinavian Journal of Work, Environment & Health, 45(2), 194–202.
Study Type: Causal Impact Analysis
