Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...

This paper develops a framework for estimating previous illegal experience among annual cohorts of new legal immigrants to the United States - using public-use administrative microdata alone, survey data alone, and the two jointly - and provides estimates for the FY 1996 cohort of new...