| Description |
1 online resource (iv, 23 pages) |
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text txt rdacontent |
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computer c rdamedia |
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online resource cr rdacarrier |
| Series |
Research report ; RR-1289-DOL |
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Research report (Rand Corporation) ; RR-1289-DOL.
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| Note |
"Prepared for the Department of Labor." |
| Bibliography |
Includes bibliographical references (pages 19-23). |
| Contents |
Preface -- 1. Introduction -- 2. Who receives advice? -- 3. Do advisers influence clients' savings behaviors? -- 4. Other benefits to professional financial advice -- 5. Who saves for retirement? -- 6. Impacts of workplace retirement seminars -- 7. Summary -- References. |
| Summary |
"Financial advisers can play an important role with helping individuals make better financial decisions and improving their financial situations. In this report, the authors review evidence from the research literature about whether working with an adviser improves savings behavior, in general, as well as saving for long-term goals, particularly retirement. While much of the literature provides evidence that individuals who receive professional financial advice are more financially healthy than those who do not, few papers attempt to address the endogeneity concerns of reverse causation, limiting insights into whether advisers are causing improvements in their clients' savings behavior"--Publisher's description |
| Note |
Online resource; title from PDF title page (RAND, viewed March 2, 2016). |
| Subject |
Saving and investment.
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Finance, Personal.
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Financial literacy.
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Investment advisors.
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Culture financière.
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Conseillers en placements.
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investment counsels.
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BUSINESS & ECONOMICS -- General.
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Finance, Personal
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Financial literacy
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Investment advisors
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Saving and investment
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| Added Author |
Hung, Angela A., author.
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Labor and Population Program, publisher, issuing body.
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| ISBN |
0833093878 (electronic bk.) |
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9780833093875 (electronic bk.) |
| Standard No. |
AU@ 000061154592 |
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GBVCP 1008665754 |
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