Closing the gap between knowledge and behavior: Turning Education into Action: A symposium sponsored by the national endowment for financial education

Journal of Financial Counseling and Planning

Volumn 17, Issue 1, 2006, Pages 73-90

[No Author Info available]

Author keywords

Financial behavior; Financial knowledge; Financial literacy

Indexed keywords

EID: 79958829141     PISSN: 10523073     EISSN: 19477910     Source Type: Journal    
DOI: None     Document Type: Article

References (27)

1. Administrative Office of the United States Courts. (2005, March). Newsletter of the Federal Courts: Filings climbed in Federal Courts in fiscal year 2004. Retrieved from www.uscourts.gov/ttb/mar05ttb/caseload/index.html
2. Angeletos, G., Repetto, A., Tobacman, J., & Weinberg, S. (2001). The Hyperbolic Consumption Model: Calibration, simulation, and empirical evaluation. Journal of Economic Perspectives, 15(3), 47-68.
3. Benartzi, S., & Thaler, R.H. (2001). Naive diversification strategies in defined contribution saving plans. American Economic Review, 91(1), 79-98.
4. Benartzi, S., & Thaler, R.H. (2004). Save more tomorrow: Using behavioral economics to increase employee saving. Journal of Political Economy, 112(1), S164-S187.
5. Board of Governors of the Federal Reserve System. (2006, March). Federal Reserve statistical release: Consumer credit, January 2006. Retrieved from www.federalreserve.gov/releases/g19/current/default.htm
6. Brickman, P., & Coates, D. (1978). Lottery winners and accident victims: Is happiness relative? Journal of Personality and Social Psychology, 36(8), 917-927.
7. California Institute of Technology. (n.d.). Temptation and savings in a dynamic consumption model (Caltech Working Paper). Pasadena, CA: Brown, A.
8. California Institute of Technology. (2003, December)., Experiments on intertemporal consumption with habit formation and social learning (Caltech Working Paper). Pasadena, CA: Chua, Z., & Camerer, C.F. Retrieved from http://www.hss.caltech.edu/camerer/savingsjpe7.doc
9. Camerer, C., Babcock, L., Loewenstein, G., & Thaler, R. (1997). Labor supply of New York City cabdrivers: One day at a time. Quarterly Journal of Economics, 112(2), 407-441.
10. Chen, M. K., Lakshminarayanan, V., & Santos, L. (in press). How basic are behavioral biases? Evidence from capuchin-monkey trading behavior. Journal of Political Economy. Retrieved from http://www.som.yale.edu/Faculty/keith.chen/papers/LossAversionDraft.pdf
11. Choi, J., & Madrian, B. (2004). Plan design and 401(k) savings outcomes. National Tax Journal, 57(2), 275-298.
12. Choi, J., Madrian, B., & Metrick, A. (2002). Defined contribution pensions: Plan rules, participant decisions, and the path of least resistance. Tax Policy and the Economy, 16, 67-113.
13. Choi, J., Madrian, B., & Metrick, A. (2004). For better or for worse: Default effects and 401(k) savings behavior. In D. Wise (Ed.), Perspectives in the Economics of Aging, (pp. 81-121). Chicago, IL: University of Chicago Press.
14. Choi, J., Madrian, B., & Metrick, A. (2006). Saving for retirement on the path of least resistance. In E. McCaffrey & J. Slemrod (Eds.), Behavioral public finance, 304-352.
15. Employee Benefit Research Institute. (2005, April). Retirement confidence survey-2005 results. Retrieved from www.ebri.org/surveys/rcs/2005/
16. rd ed.). Sarasota, FL: Financial Psychology Corporation.
17. Hsu, M., Bhatt, M., Adolphs, R., Tranel, D., & Camerer, C.F. (2005). Neural systems responding to degrees of uncertainty in human decision-making. Science, 310 (5754), 1680-1683.
18. National Bureau of Economic Research. (2005a, January). Optimal defaults and active decisions (NBER Working Paper No. 11074). Cambridge, MA: Choi, J., Laibson, D., Madrian, B., & Metrick, A.
19. National Bureau of Economic Research. (2005b, August). $100 Bills on the sidewalk: Suboptimal saving in 401 (k) plans (NBER Working Paper No. 11554). Cambridge, MA: Choi, J., & Madrian, B.
20. Norcross, J.C., & Vangarelli, D.J. (1989). The resolution solution: Longitudinal examination of New Year's change attempts. Journal of Substance Abuse, 1, 127-134.
21. Prochaska, J.O., DiClemente, C.C., Velicer, W.F., Ginpil, S., & Norcross, J.C. (1985). Predicting change in smoking status for self-changers. Addictive Behaviors, 10, 407-412.
22. Read, D., & Leeuwen, B.V. (1998). Predicting hunger: The effects of appetite and delay on choice. Organizational Behavior and Human Decision Processes, 76, 189-205.
23. Repetto, A., & Tobacman, J. (2003). A debt puzzle. In P. Aghion, R. Frydman, J. Stiglitz, & M. Woodford (Eds.), Knowledge, information, and expectations in modern economics: In honor of Edmund S. Phelps (pp. 228-266). Princeton: Princeton University Press.
24. U.S. Bureau of Economic Analysis. (2006, February). Personal saving rate. Retrieved from www.bea.gov/briefrm/saving.htm
25. U.S. Department of Health and Human Services. (2000, October). Treating tobacco use and dependence: Clinical practice guidelines. Rockville, MD: Fiore, M.C., Bailey, W.C., Cohen, S.J., Dorfman, S.F., Goldstein, M.G., Gritz, E.R., et al.
26. Xiao, J.L., Newman, B.M., Prochaska, J.M., Leon, B., Bassett, R.L., & Johnson, J. (2004). Measuring changes of consumers who are getting out of credit card debts: A pilot study. Financial Counseling and Planning, 15, 77-88.
27. Xiao, J.L., O'Neill, B., Prochaska, J.M., Kerbel, C., Brennan, P., & Bristow, B. (2004). A consumer education programme based on the Transtheoretical Model of Change. International Journal of Consumer Studies, 28, 55-65.