Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs. Edited by Annamaria Lusardi. University of Chicago Press, 2009, ISBN 978-0-22649-709-9, 406 pages
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چکیده
other factors, such as counterparty risk and inflation risk which come into play. The major factor, however, is likely to be liquidity risk, namely the need of households to come up with, what for them is, a large amount of money over a short period of time in order to deal with health and other emergencies. This is where the annuity options (refundable annuities) that Sheshinski recommends can be very important. In sum, the legacy of this terrific book will surely go beyond being an instant academic economics classic to helping the financial community understand the innovations needed to make annuity markets really work.
منابع مشابه
Cognitive Ecology: The Evolutionary Ecology of Information Processing and Decision Making, Edited by Reuven Dukas, University of Chicago Press, Chicago, 1998. ix+420 pp., ISBN 0-226-16933-2.
edited by Reuven Dukas, University of Chicago Press, 1998. $95.00/£75.95 hbk, $30.00/£23.95 pbk (x+420 pages) ISBN 0 226 16932 4 (hbk), 0 226 16933 2 (pbk).
متن کاملUsing a Life-cycle Model to Evaluate Financial Literacy Program Effectiveness
Prior studies disagree regarding the effectiveness of financial literacy programs, especially those offered in the workplace. To explain such measurement differences in evaluation and outcomes, we employ a stochastic life cycle model with endogenous financial knowledge accumulation to investigate how financial education programs optimally shape key economic outcomes. This approach permits us to...
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تاریخ انتشار 2010