Prior research suggests that experiences can have stronger appeal to consumers than goods, prompting them to spend more and be more impatient. But does this experiential dominance extend to savings? Using field studies and experiments, we will examine the experiential dominance in savings across contexts, including initiating saving goals, retirement savings, tradeoffs between larger, better and smaller, worse saving goals, protecting savings by drawing less for emergency expenses, as well as real saving behavior at a large central bank in Australia. We propose that experiential (vs.

Recent initiatives by the CMS (Centers for Medicare and Medicaid Services) have bolstered the accessibility of data and evaluations regarding the performance of the over 20,000 long-term care facilities for the elderly, or nursing homes, across the U.S. In particular, the CMS has sought to utilize both public ratings and financial incentives to improve the quality of care in U.S. nursing homes.

Households born between 1945 to 1964 ("Baby Boomers’’) own a larger fraction of the housing stock at any given age than any of the generations before or after them, driven by home ownership patterns following the Great Financial Crisis and overall housing returns. In an overlapping-generations model, this does not necessarily displace younger cohorts from the housing market as they eventually inherit the housing wealth. However, baby boomers also live longer, raising the age at which younger cohorts receive the wealth.

In 2023, over half of Medicare beneficiaries were enrolled in Medicare Advantage (MA), costing the federal government over $350M in payments to MA plans. Passing the 50% threshold has put a spotlight on potentially  excessive payments to these MA plans. However, these concerns are not a new phenomenon. The Affordable Care Act (ACA) made major changes to MA payments in response to growing concerns about the overpayment of MA plans. The first major change was benchmark changes that cut base payments.

This proposal is for the completion of a book intended to be published as part of the Cambridge University Press Elements Series.

The proposed project aims to analyze recent trends in occupational segregation in the United States by gender, race, nativity, and education, specifically focusing on detailed occupation levels since the 2000s. The research team will also examine the relationship between segregation and job characteristics such as skills, on-the-job training, job quality, preferred entry level education, work tasks, and work environments.

Alcohol use disorder (AUD) is one of the most pronounced public health concerns in the U.S. and cause an enormous burden to the society. In 2019, 14.5 million people of age 12 and older have AUD but only 7.2% of them had received treatment in the past year. Moreover, AUD may be correlated with cognitive decline and dementia could be a onerous burden to Individuals, family members, and the society. Both alcohol consumption and cognitive decline are often correlated to many unoberved factors such as genetics, personality traits, and risk perception therefore resulting in endogneity concerns.

Every year, thousands of consumers try to improve their well-being by setting goals, such as losing weight (Martin et al., 2018). More often than not, these goals are unsuccessful (i.e., Tsai & Wadden, 2005; Wadden et al., 2004; Young et al, 2012). One reason this might happen is that “small failures” derail people. Throughout long term goal pursuit, it is inevitable that people will experience a small failure along the way. Some days it might be impossible to make it to the gym, or some days you might have to splurge on that dessert.

There is substantial heterogeneity in both financial sophistication and returns to wealth across households in the United States. More sophisticated households fare better in the capital market. Households accumulate financial sophistication over their life span by cultivating their understanding of financial information, developing investment skills and experiences, and expanding access to investment opportunities, which all result in disparate financial decisions and outcomes.

The proposed project aims to develop a new data infrastructure (OccLink) that integrates different sources of occupational information and complements data currently available about occupations from the decennial U.S. Census, American Community Survey, and other surveys. The project offers future researchers the ability to utilize longitudinal data from U.S. government archival and administrative sources on occupations, jobs, and workforce (1939-2020).