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Articles 1 - 5 of 5
Full-Text Articles in Education
Alternative Measures Of Noncognitive Skills And Their Effect On Retirement Preparation And Financial Capability, Gema Zamarro
Alternative Measures Of Noncognitive Skills And Their Effect On Retirement Preparation And Financial Capability, Gema Zamarro
Education Reform Faculty and Graduate Students Publications
Social science, more than ever, is drawing upon the insights of personality psychology. Though researchers now know that noncognitive skills and personality traits, such as conscientiousness, grit, self-control, or a growth mindset could be important for life outcomes, they struggle to find reliable measures of these skills. Self-reports are often used for analysis, but these measures have been found to be affected by important biases. We study the validity of innovative, more robust measures of noncognitive skills based on performance tasks. Our first proposed measure is an adaptation, for the adult population, of the Academic Diligence Task (ADT) developed and …
Does Financial Literacy Contribute To Food Security?, Katherine Grace Carman, Gema Zamarro
Does Financial Literacy Contribute To Food Security?, Katherine Grace Carman, Gema Zamarro
Education Reform Faculty and Graduate Students Publications
Food insecurity, not having consistent access to adequate food for active, healthy lives for all household members is most common among low income households. However, income alone is not sufficient to explain who experiences food insecurity. This study investigates the relationship between financial literacy and food security. We find that low income households who exhibit financial literacy are less likely to experience food insecurity.
Does Retirement Make You Happy? A Simultaneous Equations Approach, Raquel Fonseca, Arie Kapteyn, Jinkook Lee, Gema Zamarro
Does Retirement Make You Happy? A Simultaneous Equations Approach, Raquel Fonseca, Arie Kapteyn, Jinkook Lee, Gema Zamarro
Education Reform Faculty and Graduate Students Publications
Continued improvements in life expectancy and fiscal insolvency of public pensions have led to an increase in pension entitlement ages in several countries, but its consequences for subjective well-being are largely unknown. Financial consequences of retirement complicate the estimation of effects of retirement on subjective well-being as financial circumstances may influence subjective well-being, and therefore, the effects of retirement are likely to be confounded by the change in income. At the same time, unobservable determinants of income are probably related with unobservable determinants of subjective wellbeing, making income possibly endogenous if used as control in subjective wellbeing regressions. To address …
Family Labor Participation And Child Care Decisions: The Role Of Grannies, Gema Zamarro
Family Labor Participation And Child Care Decisions: The Role Of Grannies, Gema Zamarro
Education Reform Faculty and Graduate Students Publications
One of the most significant long term trends in the labor market in most OECD countries has been the increase in the proportion of working mothers. However, not all countries show the same pattern. Countries in Southern Europe (Italy, Greece and Spain) show an average participation rate of about 45% whereas the participation rates in Northern countries (Denmark, Sweden) are around 75%. The characteristics of child care systems also differ significantly across OECD countries. This along with the characteristics of the labor market may have led families to get the necessary social services in an alternative way, i.e. through grandmothers. …
What Explains The Gender Gap In Financial Literacy? The Role Of Household Decision-Making, Raquel Fonseca, Kathleen J. Mullen, Gema Zamarro, Julie Zissimopoulos
What Explains The Gender Gap In Financial Literacy? The Role Of Household Decision-Making, Raquel Fonseca, Kathleen J. Mullen, Gema Zamarro, Julie Zissimopoulos
Education Reform Faculty and Graduate Students Publications
Research has shown that financial illiteracy is widespread among women, and that many women are unfamiliar with even the most basic economic concepts needed to make saving and investment decisions. This gender gap in financial literacy may contribute to the differential levels of retirement preparedness between women and men. However, little is known about the determinants of the gender gap in financial literacy. Using data from the RAND American Life Panel, we examined potential explanations for the gender gap including the role of marriage and division of financial decision-making among couples. We found that differences in the demographic characteristics of …