Source Themes

Shocks to Income in a Lifecycle Model: An Undervalued Risk

Estimates of Minimum Required Expenses Throughout the Lifecycle

Liquidity vs. Home Equity: How Families Rebalance Finances Around Planned and Unplanned Births

Financial literacy can play a role in cushioning the economic impact of a baby.

The Distribution of Implied Risk Tolerance Across the Lifecycle

Decomposing Utility Differences Between Net Worth Optimization and Goals-Based Investing

The Importance of Incorporating Income Risk Into Financial Planning

Including income risk in financial plans often results in lower equity allocation and higher saving rates.

Why Does Financial Knowledge Matter in Retirement Planning?

Financial literacy helps investors recognize when to seek advice—and plan sponsors are well-positioned to provide support in the process.

Spooky Boundaries at a Distance: Inductive Bias, Dynamic Models, and Behavioral Macro

The Production of Financial Literacy