There has been little research on whether and how social support may evolve around retirement. This paper provides novel evidence on the evolution of social support during own and spouse’s retirement, and its moderating effect on mental wellbeing.
The results in this research suggest that wage growth inequality between employees is relatively independent of where the economy is in the business cycle, and that the differences between employees are more substantial than the year-to-year variation.
This paper presents robust evidence that retirement causally improves overall life satisfaction which is subsequently explained by improvements in satisfaction with one’s financial situation, free time, health, and participation in local community activities.
In the presence of peers, adolescents’ relative weighting of losses to gains (loss aversion) increases. This is good news for policy, suggesting that appealing to loss aversion should be especially effective at reducing harmful adolescent behaviours committed in the presence of peers.
A significant proportion of credit card users persistently make low repayments on their debt. This paper tests whether a financial tool known as Prize Linked Debt (PLD) can increase credit card debt repayments amongst borrowers who repay the minimum, using an online experiment.