Publications

Forthcoming
Beshears J, Choi JJ, Laibson D, Madrian BC. Who Uses the Roth 401(k), and How Do They Use It?. In: Wise DA Discoveries in the Economics of Aging. University of Chicago Press ; Forthcoming.
2016
Beshears J, J.Choi J, Laibson D, Madrian BC. Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?. The Review of Financial Studies [Internet]. 2016;30 (6) :1971-2005. Publisher's VersionAbstract
Many experiments have found that participants take more investment risk if they see less frequent returns, portfolio-level returns (rather than each individual asset’s returns), or long-horizon (rather than one-year) historical return distributions. In contrast, we find that such information aggregation treatments do not affect total equity investment when we make the investment environment more realistic than in prior experiments. Previously documented aggregation effects are not robust to changes in the risky asset’s return distribution or to the introduction of a multiday delay between portfolio choice and return realizations.
2015
Beshears J, Choi JJ, Hurwitz J, Laibson D, Madrian BC. Liquidity in Retirement Savings Systems: An International Comparison. American Economic Review Papers and Proceedings. 2015;105 (5) :420-25.
Beshears J, Choi JJ, Laibson D, Madrian BC, Milkman KL. The Effect of Providing Peer Information on Retirement Savings Decisions". Journal of Finance. 2015;70 (3) :1161-1201.
2014
Madrian BC. Applying Insights from Behavioral Economics to Policy Design. Annual Review of Economics. 2014;6 (2015) :663-688.
Beshears J, Choi JJ, Laibson D, Madrian BC, Zeldes SP. What Makes Annuitization More Appealing?. Journal of Public Economics. 2014;116 (August 2014) :2-16.
Retirement Income Journal’s “The Best Retirement Research of 2012” 
                                           Link
2013
Laibson JBD, Choi J, Laibson D, Madrian BC. Simplification and Saving. Journal of Economic Behavior and Organizations. 2013;95 (November 2014) :130-145.
Madrian BC. Matching Contributions and Savings Outcomes: A Behavioral Economics Perspective. In: Hinz R, Holzman R, Tuesta D, Takayama N Matching Contributions for Pensions: A Review of International Experience. The World Bank ; 2013. pp. 289-310.
Dai H, Milkman KL, Beshears J, Choi JJ, Laibson D, Madrian BC. Planning Prompts as a Means of Increasing Preventive Screening Rates. Public Policy and Aging Report . 2013;22 (4) :16-19.
Milkman KL, Beshears J, Choi JJ, Laibson D, Madrian BC. Planning Prompts as a Means of Increasing Preventive Screening Rates. Preventive Medicine. 2013;56 (1) :92-93.

Link

                                                                                                                                                                   A longer version of this paper is available under the title, “Following through on Good Intentions: The Power of Planning Prompts,” NBER Working Paper No. 17995     Link

Loewenstein G, Friedman JY, McGill B, Ahmad S, Linck S, Sinkula S, Beshears J, Choi JJ, Kolstad J, Laibson D, et al. Consumers’ Misunderstanding of Health Insurance. Journal of Health Economics. 2013;32 (5) :850-862 .
Beshears J, Choi JJ, Laibson D, Madrian BC, Reynolds G. Testimonials Do Not Convert Patients from Brand to Generic Medications. The American Journal of Managed Care. 2013;19 (9) :e314-e31.
Beshears J, Choi JJ, Fuster A, Laibson D, Madrian BC. What Goes Up Must Come Down? Experimental Evidence on Intuitive Forecasting. American Economic Review Papers and Proceedings . 2013;103 (3) :570-74.
Hastings JS, Madrian BC, Skimmyhorn WL. Financial Literacy, Financial Education and Economic Outcomes. Annual Review of Economics. 2013;5 (2013) :347-73.
2012
Beshears J, Choi JJ, Laibson D, Madrian BC. The Availability and Utilization of 401(k) Loans. In: Wise DA Investigations in the Economics of Aging. University of Chicago Press ; 2012. pp. 145-72.
2011
Choi JJ, Laibson D, Madrian BC. $100 Bills on the Sidewalk: Violations of No-Arbitrage in 401(k) Accounts. The Review of Economics and Statistics . 2011;113 (3) :748-63.

Reprinted in Michael Haliassos, editor, Household Finance, Edward Elgar Publishing, Inc.                              Link

Beshears J, Choi JJ, Laibson D, Madrian BC. Behavioral Economics Perspective on Public Sector Pension Plans. Journal of Pension Economics and Finance . 2011;10 (2) :315-336.
Beshears J, Choi JJ, Madrian BC, Laibson D. Consumer Financial Protection. Journal of Economic Perspectives. 2011;25 (1) :91-114.
Beshears J, Choi JJ, Laibson D, Madrian BC. How Does Simplified Disclosure Affect Individuals’ Mutual Fund Choices?. In: Wise DA Explorations in the Economics of Aging. University of Chicago Press ; 2011. pp. 75-96.
Campbell JY, Jackson HE, Madrian BC, Tufano P. Making Financial Markets Work for Consumers. Harvard Business Review. 2011;July-August 2011.

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