The various behavioral disciplines model human behavior in distinct and incompatible ways.
Yet, recent theoretical and empirical developments have created the conditions for …

Although consumer finance is a substantial element of the economy, it has had a smaller
footprint within financial economics. In this review, I suggest a functional definition of the …

In this survey, we review the voluminous body of literature on the measurement and the
determinants of financial literacy. Wherever possible, we supplement existing findings with …

Winner of the Nobel Prize in Economics Get ready to change the way you think about
economics. Nobel laureate Richard H. Thaler has spent his career studying the radical …

This paper undertakes an assessment of a rapidly growing body of economic research on
financial literacy. We start with an overview of theoretical research, which casts financial …

We analyze a national sample of Americans with respect to their debt literacy, financial
experiences, and their judgments about the extent of their indebtedness. Debt literacy is a …

In cross-sectional data sets from ten credit markets, we find that middle-aged adults borrow
at lower interest rates and pay fewer fees relative to younger and older adults. Fee and …

This chapter provides an overview of household finance. The first part summarizes key facts
regarding household financial behavior, emphasizing empirical regularities that are …

Behavioral economics attempts to integrate insights from psychology, neuroscience, and
sociology in order to better predict individual outcomes and develop more effective policy …

We examine the effects of education on financial decision‐making skills by identifying an
interesting source of variation in pertinent training. During the 1990s, an increasing number …