The Age of Reason: Financial Decisions Over the Lifecycle

By Sumit Agarwal, John C. Driscoll, Xavier Gabaix, David Laibson. 2007

233 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a07537052290fe15ccf419ae9c26ccc6a9795fe8

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Citations in the corpus

Financial Literacy among the Young (2010, unknown): “Other studies also show that the young are more susceptible to making ﬁnancial mistakes (Agarwal et al. 2007).”
Individual-level loss aversion in riskless and risky choices (2022, unknown): “14 These strong age effects are interesting, both because they may affect financial decisionmaking across the lifespan (Agarwal et al. 2009) and because they may be related to well-”
Culture, financial literacy, and SME performance in Ghana (2018, unknown): “The younger and older generation in Ghana needed more attention as far as financial education was concerned which corroborated findings by Agarwal et al. (2007) and Lusardi and Mitchell (2006).”
Do borrowers know their mortgage terms? (2008, unknown): “Older households appear to make more cognitive mistakes in their financial decisions (Agarwal et al., 2007).”
Financial literacy and retirement planning in the United States* (2011, unknown): “…between actual and self-assessed knowledge may explain why older people often are offered less financially attractive deals than other groups (Agarwal et al., 2009); this also corroborates Lusardi and Tufano (2009a) who show that older persons display the largest gap between actual and…”
Determinants of University Working-Students’ Financial Literacy at the University of Cape Coast, Ghana (2012, unknown): “This finding is in concord with that of Chen and Volpe (1998) and Agarwal et al. (2009).”
Financial Literacy Among the Young: Evidence and Implications for Consumer Policy (2009, unknown): “Other studies also show that the young are those more susceptible to making financial mistakes (Agarwal et al. 2007).”
Exploiting Naïvete about Self-Control in the Credit Market (2010, background): “carefully investigated, evidence by Agarwal, Driscoll, Gabaix, and Laibson (2007) suggests more broadly that consumers learn from experience to make fewer mistakes in financial decisions, at least until their cognitive abilities start to significantly decline in their 50’s.”
A Model of Focusing in Economic Choice (2013, background): “8 Agarwal et al. (2007, 2008) and Stango and Zinman (2009) document that consumers pay significant amounts in banking and credit-card fees.”
Impact of Financial Literacy and Investment Experience on Risk Tolerance and Investment Decisions: Empirical Evidence from Pakistan (2016, unknown): “As Agarwal et al., (2007) found that mostly financial blunders are made by individuals, who are exposed to lowest amount of financial knowledge.”