National Bureau of Economic Research, Inc.

To advance understanding of household financial behavior and policy

  • Amount $392,955
  • City Cambridge, MA
  • Investigator Brigitte Madrian
  • Year 2011
  • Program Research
  • Sub-program Economic Institutions, Behavior, & Performance

The study of markets for mortgages, credit cards, annuities, and other consumer financial products was neither organized nor widely recognized as an academic research field of its own before the subprime mortgage crisis began in 2007. Since then, the Sloan Foundation has staked out a coherent role in helping establish such a field by funding research on topics that range from retirement planning to energy efficient home improvement investments. Funds from this grant will provide continued support to one of the main components of Sloan's strategy for advancing the study of consumer financial product : The Household Finance Working Group (Working Group) based at the National Bureau of Economic Research. Launched in December 2009, the Household Finance Working Group organizes workshops, hosts conferences, and commissions research on the economics of household finance. Activities funded through this grant include two conferences, one to be held in Washington to provide policy perspectives, and another to be held jointly with the Sloan/Russell Sage Working Group on Behavioral Economics and Consumer Financial Markets. Also supported are attempts to build up the field of household finance by expanding support for research projects conducted by graduate students and young faculty.

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