The Effects of Financial Education in the Workplace: Evidence from a Survey of Employers
Posted on:
11/05/12This research examines the effects of education on financial decision-making skills by identifying an interesting source of variation in pertinent training. We find that both participation in and contributions to voluntary savings plans are significantly higher when employers offer retirement seminars. The effect is typically much stronger for nonhighly compensated employees than for highly compensated employees. The frequency of seminars emerges as a particularly important correlate of behavior.
Researchers
Most Recent Research Postings
Financial Literacy and Subprime Mortgage Delinquency: Evidence from a Survey Matched to Administrative Data
Financial Literacy and Family and Consumer Sciences
Measuring Financial Literacy
Which Matters in Student Loan Default: A Review of the Research Literature
Which Student are More Likely to Experience Financial Socialization Opportunities?
The Student Loan Scandal
The Student Debt Dilemma: Debt Aversion as a Barrier to College Access
The Effect of Loans on Time on Time to Doctorate Degree: Differences by Race/Ethnicity, Field of Study, and Institutional Characteristics
Become a Member
Join financialcorps today to get access to exclusive content, networking community, and inside information to the world of financial literacy.