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GWSB Concludes Fall Financial Literacy Series

L to R: Joanne Hsu, Federal Reserve Board economist; Annamaria Lusardi, GWSB Denit Trust professor of accountancy and economics; Brigitte C. Madrian, Aetna professor of public policy and corporate management at Harvard University’s Kennedy School of Government; and Louisa Quittman, director of community programs for the U.S. Department of Treasury.

The six-part fall Financial Literacy Seminar Series at GWSB was capped off with a presentation from Brigitte C. Madrian, Aetna Professor of Public Policy and Corporate Management at Harvard’s Kennedy School of Government. Madrian discussed some of her latest research findings that show low-income individuals are more likely to stay with employer-sponsored retirement savings plans, once enrolled, even if the terms are unfavorable to them. Madrian and her researchers believe this is because lower income individuals face barriers to making better choices, such as having insufficient knowledge of other options.

The seminar series was a joint project of GWSB and the Federal Reserve Board. It was organized by a steering committee headed by GWSB Denit Trust Professor of Accountancy and Economics Annamaria Lusardi and including six economists from Federal Reserve Board.

For more on Madrian’s presentation and a link to her research:

assets.newamerica.net/blogposts/2011/default_
stickiness_low_income_employees_considerations_for_designing_autosave-61611

For more on the fall Financial Literacy Seminar Series, including a list of speakers and links to their papers and presentations: business.gwu.edu/flss/

Posted by gwsb on January 10, 2012 | Filed under: GWSB News.


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