This paper uses data from the Household Pulse Survey to examine whether and for how long the eligibility to receive state Earned Income Tax Credit (EITC) benefits reduced self-reported household food insufficiency among the eligible households during the COVID-19 pandemic. The result of a...

After almost a decade of strong price appreciation, the housing market fell into a steep decline in 2007. By 2008, foreclosure filings on owner-occupied homes were surpassing record levels. Due to the housing downturn, fewer renters may aspire to own a home, which could have lasting implications...

The Food and Drug Administration’s application of black box warnings to several high profile medications has heightened the attention surrounding the risks of prescription drugs and the role of warning labels. Previous research indicates that the issuance of a black box warning to a...

Equity in a home can serve as an important source of supplemental income in retirement. Reverse mortgages allow seniors to draw down equity without selling their home, and without a monthly mortgage payment. The most widely used reverse mortgage product is offered by Federal Housing...

Retirement-account balances are lower among women than men. This study assesses the role of financial knowledge and empowerment in contributing to the gender gap in savings. We evaluate the effects of financial education delivered to women in the workplace, using administrative data on 31,000...

In the U.S., a number of states have mandated personal finance classes in public school curricula to address perceived deficiencies in financial decision-making competency. Despite the growth of financial and economic education provided in public schools, little is known about the effect of...

The pragmatic field experiment is a flexible methodology for assessing public policies and programs. This study illustrates the use of the pragmatic approach with a novel program, LIFT-UP, where municipalities offered financial counseling to public water utility customers who were behind on...