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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.
- Rosen, R., Alterman, E., Treskon, L., Parise, L., Dixon, M., & Wuest, C. (2023). P-TECH 9-14 pathways to success: Implementation, impact, and cost findings from the New York City P-TECH 9-14 schools evaluation. New York: MRDC.
Topic Area: Registered Apprenticeship and Work-Based Learning
Study Type: Causal Impact Analysis
Outcome Effectiveness:- Education and skills gains-Mod/high-Favorable impactsEducation and skills gains
- Theodos, B., Pergamit, M., Hanson, D., Teles, D., Gerken, M., Thomas, K., Gedo, S., & Park, J. (2023). Evaluation of the Urban Alliance High School Internship Program. Washington, DC: Urban Institute.
Topic Area: Registered Apprenticeship and Work-Based Learning
Study Type: Causal Impact Analysis
Outcome Effectiveness:- Earnings and wages-Mod/high-No impactsEarnings and wages
- Education and skills gains-Mod/high-No impactsEducation and skills gains
- Employment-Mod/high-Favorable impactsEmployment
- Gasper, J., Vermette, J., Baier, K., Schaberg, K., & Hendra, R. (2023). Evaluation of strategies used in the TechHire and Strengthening Working Families Initiative grant programs: Two-year impacts report. Washington, DC: U.S. Department of Labor.
Topic Area: Registered Apprenticeship and Work-Based Learning
Study Type: Causal Impact Analysis
Outcome Effectiveness:- Earnings and wages-Mod/high-No impactsEarnings and wages
- Employment-Mod/high-No impactsEmployment
- Training-Mod/high-Favorable impactsTraining
- Lerman, R. I., & Tyson, L. (2023). Wisconsin’s well-structured Youth Apprenticeship Program. Washington, DC: Urban Institute
Topic Area: Registered Apprenticeship and Work-Based Learning
Study Type: Implementation Analysis
- Rosen, R., Alterman, E., Treskon, L., Parise, L., Dixon, M., & Wuest, C. (2023). P-TECH 9-14 pathways to success: Implementation, impact, and cost findings from the New York City P-TECH 9-14 schools evaluation. New York: MRDC.
Topic Area: Registered Apprenticeship and Work-Based Learning
Study Type: Implementation Analysis
- Winters, J. V. (2022). Minimum wages and restaurant employment for teens and adults in metropolitan and nonmetropolitan areas. Journal of the Agricultural and Applied Economics Association, 1(3), 254–269. https://doi.org/10.1002/jaa2.25
Study Type: Causal Impact Analysis
- Wurzelbacher, S. J., Bertke, S. J., Lampl, M. P., Bushnell, P. T., Robins, D. C., Naber, S. J., & Moore, L. L. (2022). The impact of a state-based workers’ compensation insurer’s risk control services on employer claim frequency and cost rates. Journal of Occupational and Environmental Medicine, 64(7), 562-572.
Study Type: Causal Impact Analysis
- Akinola, O. A., & Doabler, C. T. (2022). Determinants of employment outcomes of transition-age youth with depressive disorders. Journal of Vocational Rehabilitation, 56(1), 55-68. http://dx.doi.org/10.3233/JVR-211172
Topic Area: Disability Employment Policy
Study Type: Causal Impact Analysis
Outcome Effectiveness:- Earnings and wages-Mod/high-Mixed impactsEarnings and wages
- Employment-Mod/high-Favorable impactsEmployment
- Jardim, E., Long, M. C., Plotnick, R., van Inwegen, E., Vigdor, J., & Wething, H. (2022). Minimum-wage increases and low-wage employment: Evidence from Seattle. American Economic Journal: Economic Policy, 14(2): 263–314. https://doi.org/10.1257/pol.20180578
Study Type: Causal Impact Analysis