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Brigitte Madrian's Research Papers

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This page contains links to Brigitte Madrian's research papers, divided into five sections: Consumer and Household Finance, Savings Research, Health Insurance and Labor Markets, Health Outcomes, and Other Research.

Brigitte Madrian - Statement on Outside Activities

 

Consumer and Household Finance

"Financial Literacy, FInancial Education, and Economic Outcomes," 2013, Annual Review of Economics 5:347-373 (with Justine S. Hastings and William L. Skimmyhorn)

"Consumers' Misunderstanding of Health Insurance," 2013, Journal of Health Economics 32:850-862 (with George Lowenstein, Joelle Y. Friedman, Barbara McGill, Sarah Ahmad, Suzanne Linck, Stacey Sinkula, John Beshears, James J. Choi, Jonathan Kolstad, David Laibson, John A. List, and Kevin G. Volpp).

, "What Makes Annuitization More Appealing?," 2013, forthcoming in Journal of Public Economics (with John Behears, James J. Choi, David Laibson and Stephen P. Zeldes).

"Financial Literacy, Financial Education and Economic Outcomes," 2012, NBER Working Paper 18412 (with Justine S. Hastings and William L. Skimmyhorn).

"Consumer Financial Protection," 2011, Journal of Economic Perspectives 25(1): 91-114 (with John Y. Campbell, Howell E. Jackson and Peter Tufano).

"The Regulation of Consumer Financial Products: An Introductory Essay with a Case Study on Payday Lending," 2010, in Nicholas P. Retsinas and Eric Belsky, editors, Moving Forward: The Future of Consumer Credit and Mortgage Finance, Washington, DC: Brookings Institution Press and the Harvard University Joint Center for Housing Studies, pp. 206-244 (with John Y. Campbell, Howell E. Jackson and Peter Tufano).

Savings Research

"Matching Contributions and Savings Outcomes: A Behavioral Economics Perspective," 2012, NBER Working Paper 18220.

"Simplification and Saving," 2013, Journal of Economic Behavior and Organization 95:130-145 (with John Beshears, James J. Choi and David Laibson).

"How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?," 2011, forthcoming in David A. Wise, editor, Explorations in the Economics of Aging, University of Chicago Press (with John Beshears, James J. Choi, and David Laibson).

"Can Psychological Aggregation Manipulations Affect Portfolio Risk-Taking? Evidence from a Framed Field Experiment," 2011, NBER Working Paper 16868 (with John Beshears and David Laibson).

 “$100 Bills on the Sidewalk:  Violations of No-Arbitrage in 401(k) Accounts,” forthcoming in The Review of Economics and Statistics (with James J. Choi and David Laibson).

"The Effect of Providing Peer Information on Retirement Savings Decisions," 2011, Rand Corporation Working Paper No. WR-800-SSA (with John Beshears, James J. Choi, David Laibson, and Katherine L. Milkman).

"Behavioral Economics Perspective on Public Sector Pension Plans," 2011, Journal of Pension Economics and Finance 10(2): 315-336 (with John Beshears, James J. Choi and David Laibson).

"Public Policy and Saving for Retirement: The 'Autosave' Features of the Pension Protection Act of 2006," 2010, in John Siegfried, editor, Better Living Through Economics: How Economic Research Inproves Our Lives, Cambridge, MA: Harvard University Press, pp. 274-290 (with John Beshears, James J. Choi, David Laibson, and Brian Weller).

"The Availability and Utilization of 401(k) Loans," 2010 (with John Beshears, James J. Choi, and David Laibson).

"The Impact of 401(k) Loans on Saving," 2010, NBER Working Paper (with John Beshears, James J. Choi, and David Laibson).

"The Flypaper Effect in Individual Investor Asset Allocation," November 2007, NBER Working Paper 13656.

"The Limitations of Defaults," 2010, NBER Working Paper (With John Beshears, James J. Choi, and David Laibson.

"The Impact of Employer Matching on Savings Plan Participation Under Automatic Enrollment," 2010, in David A. Wise, editor, Research Findings in the Economics of Aging, University of Chicago Press, pp. 311-327 (with John Beshears, James J. Choi, and David Laibson).

Simplification and Saving,” 2010, NBER Working Paper No. 12659 (with John Beshears, James J. Choi and David Laibson).

Why Does the Law of One Price Fail?  An Experiment on Index Mutual Funds," 2010, Review of Financial Studies, 23(4): 1405-1432 (with James J. Choi and David Laibson).

Reducing the Complexity Costs of 401(k) Participation Through Quick EnrollmentTM," 2009, in David A. Wise, editor, Developments in the Economics of Aging, Chicago: University of chicago Press, pp. 57-82 (with James J. Choi and David Laibson).

"Mental Accounting in Portfolio Choice: Evidence from a Flypaper Effect," 2009, American Economic Review, 99(5): 2085-95 (with James J. Choi and David Laibson).

"Reinforcement Learning and Savings Behavior," 2009, Journal of Finance, 64(6): 2515-34 (with James J. Choi, David Laibson, and Andrew Metrick).

 “Optimal Defaults and Active Decisions:  Theory and Evidence from 401(k) Saving,” 2009, Quarterly Journal of Economics, 124(4): 1639-74 (with Gabriel Carroll, James J. Choi, David Laibson, and Andrew Metrick).

How Are Preferences Revealed?,” 2008, Journal of Public Economics, 92(8-9): 1787-94 (with John Beshears, James J. Choi, and David Laibson).

 “The Importance of Default Options for Retirement Savings Outcomes:  Evidence from the United States,” 2008, in Stephen J. Kay and Tapen Sinha, editors, Lessons from Pension Reform in the Americas, New York: Oxford University Press, pp. 59-87 (with John Beshears, James Choi and David Laibson).

 “Retirement Saving:  Helping Employees Help Themselves,” 2006, Milken Institute Review, September, pp. 30-39 (with John Beshears, James J. Choi and David Laibson).

 “Saving for Retirement on the Path of Least Resistance,” 2006, in Edward J. McCaffrey and Joel Slemrod, editors, Behavioral Public Finance:  Toward a New Agenda, New York:  Russell Sage Foundation, 2006, pp. 304-351 (with James Choi, David Laibson and Andrew Metrick).

Early Decisions: A Regulatory Framework,” 2005, Swedish Economic Policy Review, 12(2): 41-60 (with John Beshears, James Choi and David Laibson).

Are Empowerment and Education Enough?  Underdiversification in 401(k) Plans,” 2005, Brookings Papers on Economic Activity, 2:2005, pp. 151-198 (with James Choi and David Laibson).

 “Passive Decisions and Potent Defaults,” 2005, in David A. Wise, editor, Analyses in the Economics of Aging, Chicago:  University of Chicago Press, pp. 59-73 (with James Choi, David Laibson and Andrew Metrick).

Employees’ Investment Decisions About Company Stock,” 2004, in Olivia S. Mitchell and Stephen P. Utkus, editors., Pension Design and Structure, New York: Oxford University Press, pp. 121-36 (with James J. Choi, David Laibson and Andrew Metrick).

 “Plan Design and 401(k) Savings Outcomes,” 2004, National Tax Journal, 57(2): 275-298 (with James J. Choi and David Laibson).

Employee Stock Purchase Plans,” 2004, National Tax Journal, 57(2): 385-406 (with Gary V. Engelhardt).

 “For Better or For Worse:  Default Effects and 401(k) Savings Behavior,” 2004, in David A. Wise, editor, Perspectives on the Economics of Aging, Chicago: University of Chicago Press, pp. 81-121 (with James J. Choi, David Laibson and Andrew Metrick).

 “Consumption-Wealth Comovement of the Wrong Sign,” April 2004, NBER Working Paper No. 10454, (with James J. Choi, David Laibson and Andrew Metrick).

Optimal Defaults,” 2003, American Economic Review Papers and Proceedings, 93(2): 180-185 (with James J. Choi, David Laibson and Andrew Metrick).

 “Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance,” 2002, in James M. Poterba, ed., Tax Policy and the Economy, Vol. 16, Cambridge, MA:  MIT Press, 67-113 (with James J. Choi, David Laibson, and Andrew Metrick).

 “The Power of Suggestion:  Inertia in 401(k) Participation and Savings Behavior.” 2001, Quarterly Journal of Economics, 116(4): 1149-1187 (with Dennis F. Shea). Reprinted in Werner De Bondt, ed., The Psychology of World Equity Markets, Volume I, Northampton, MA: Edward Elgar Publishing, Inc., 2005.

Health Insurance and Labor Markets

The U.S. Health Care System and Labor Markets,” 2007, in Jane Sneddon Little, editor, Wanting It All: The Challenge of Reforming the U.S. Health Care System, Boston: Federal Reserve Bank of Boston, pp. 137-163.

Health Insurance, Labor Force Participation, and Job Choice:  A Critical Review of the Literature,” 2004, in Catherine McLaughlin, editor, Health Policy and the Uninsured, Urban Institute Press (with Jonathan Gruber).

Health Insurance Portability, Labor Supply, and Job Mobility,” July 2004, written for the Inter-American Conference on Social Security.

Health Insurance and the Labor Market,” 2001, in Huizhong Zhou, editor, The Political Economy of Health Care Reforms, Kalamazoo, MI: Upjohn Institute for Employment Research, 87-108.

Health, Health Insurance and the Labor Market,” 1999, in Orley Ashenfelter and David Card, editors, Handbook of Labor Economics, Volume 3, Amsterdam: Elsevier-North Holland, pp. 3309-3415 (with Janet Currie).

 “The Effect of Health Insurance on Transitions to Self Employment,” October 1998 (with Lars John Lefgren).

Health Insurance Portability:  The Consequences of COBRA,” 1998, Regulation, 21(1): 27-33.

Labor Market Responses to Rising Health Insurance Costs: Evidence on Hours Worked,” 1998, RAND Journal of Economics, 29(3): 509-530 (with David Cutler).

Does Medicare Eligibility Affect Retirement?” 1998, in David A. Wise, editor, Inquiries in the Economics of Aging, Chicago: University of Chicago Press, pp. 109-131 (with Nancy Dean Beaulieu).

Employment Separation and Health Insurance Coverage,” 1997, Journal of Public Economics, 66(3): 349-382 (with Jonathan Gruber).

 “Health Insurance and Early Retirement:  Evidence From the Availability of Continuation Coverage,” 1996, in David A. Wise, editor, Advances in the Economics of Aging, Chicago: University of Chicago Press (with Jonathan Gruber).

Health Insurance Availability and the Retirement Decision,” 1995, American Economic Review, 85(4): 938-948 (with Jonathan Gruber).

 “Employment-Based Health Insurance and Job Mobility:  Is There Evidence of Job-Lock?” 1994, Quarterly Journal of Economics, 109:27-54.

The Effect of Health Insurance on Retirement,” 1994, Brookings Papers on Economic Activity, 1994:1, 181-252.

Health Insurance and Job Mobility: The Effects of Public Policy on Job-Lock,”  1994, Industrial and Labor Relations Review, 48(1):86-102 (with Jonathan Gruber).

Health Outcomes

"Consumers' Misunderstanding of Health Insurance," 2013, forthcoming in Journal of Health Economics (with George Loewenstein, Joelle Y. Friedman, Barbara McGill, Sarah Ahmad, John Beshears, James J. Choi, Jonathan Kolstad, David Laibson, John List, and Kevin G. Volpp).

"Testimonials Do Not Convert Patients from Brand to Generic Medication," 2013, forthcoming in American Journal of Managed Care (with John Beshears, James J. Choi, David Laibson and Gwendolyn Reynolds).

"Planning Prompts as a Means of Increasing Preventive Screening Rates," 2013, Preventive Medicine, 56(4): 92-93 (with Katherine L. Milkman, John Beshears and David Laibson).

"Planning Prompts as a Means of Increasing Rates of Immunization and Preventive Screening," 2012, Public Policy and Aging Report, 22(4): 16-19 (with Hengchen Dai, Katherine L. Milkman, John Beshears, James J. Choi and David Laibson).

"Using Implementation Intentions Prompts to Enhance Influenza Vaccination Rates," 2011, Proceedings of the National Academy of Science, published online June 13, 2011 (with John Beshears, James J. Choi, David Laibson and Katherine Milkman).

Other Research

"What Goes Up Must Come Down? Experimental Evidence on Intuitive Forecasting," forthcoming in American Economic Review Papers and Proceedings (with John Beshears, James J. Choi, Andreas Fuster and David Laibson).

“Matching Form 5500 Filings with Compustat and CRSP,” August 2004 (with Anne Gron).

An Approach to Longitudinally Matching Current Population Survey (CPS) Respondents,” 2000, Journal of Economic and Social Measurement, 26: 31-62 (with Lars John Lefgren).

 
 
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