Blog

Framing Influences Willingness to Pay but Not Willingness to Accept

The authors show, with real and hypothetical payoffs, that consumers are willing to pay substantially less for a risky prospect when it is called a “lottery ticket,” “raffle,” “coin flip,” or “gamble” than when it is labeled a “gift certificate” or “voucher.”

Regulating Consumer Financial Products: Evidence from Credit Cards

We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act in the United States.

A Shockingly High Number of Americans Experience Poverty

According to new research, almost 40 percent of adults experience impoverishment by age 60. But while poverty’s reach is wide, it isn’t necessarily deep.

New Help For The Poor: Cash Grants, Through A Web Site

In Vittorio De Sica’s bleak, postwar Italian movie “The Bicycle Thief,” a man is humbled by a personal catastrophe involving a tiny amount of money: unemployed, he is given a chance at a job, but he is required to have a bike to travel to work sites.

The Surprising Impact of High School Math on Job Market Outcomes

The economic returns to education are well documented.

Psyching Us Out: The Promises of ‘Priming’

Reports of psychological experiments are journalistic favorites.

Control Thyself: Self-Control Failure and Household Wealth

This paper examines the relationship between household wealth and self-control failure.

Study: Almost Half of Public School Students Are Now Low-Income

A new study reminds us that poverty is the giant backpack dragging down American students.

Money, Well-Being, and Loss Aversion

Higher income is associated with greater well-being, but do income gains and losses affect well-being differently?

Minimum Payment Warnings and Information Disclosure Effects on Consumer Debt Repayment Decisions

Public policy makers encourage lenders to disclose loan cost information to enable borrowers to make more-informed debt repayment decisions.