Replication Code for: Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-being
收藏ICPSR2023-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/171901/version/V1/view?path=/openicpsr/171901/fcr:versions/V1/result/Section4.txt&type=file
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资源简介：
Paper abstract: <br>Cognitive decline may lead older Americans to make poor financial decisions. Preventing poor decisions may require timely transfer of financial control to a reliable agent. Cognitive decline, however, can develop unnoticed, creating the possibility of suboptimal timing of the transfer of control. This paper presents survey-based evidence that older Americans with significant wealth regard suboptimal timing of the transfer of control, in particular delay due to unnoticed cognitive decline, as a substantial risk to financial well-being. This paper provides a theoretical framework to model such a lack of awareness and the resulting welfare loss.<br>This package has the replication code accompanying the article. <br>
提供机构：
Stanford GSB and NBER; University of Michigan and NBER; Carleton University; New York University and NBER; The Vanguard Group, Inc.
创建时间：
2023-01-01
