U.S. News & World Report discusses a study by Prof. Daniel Bartels that reveals why consumers opt for present consumption over long–term financial investments, noting the degree to which people feel connected to their future selves. Research by Prof. Ran Kivetz on the relationship between guilt and the consumption of luxury products is also featured.
The Secret to Saving for a Rainy Day
U.S. News & World Report
The Financial Times reports on research by Shang–Jin Wei that finds that the rising sex ratio imbalance in China has led parents to accumulate wealth for their son’s marriages, helping to drive the rise in private savings between 1990 and 2005.
Asia: Heirs and spares
Financial Times
SourceMedia’s Financial Planning, sister publication of American Banker, features research by Prof. Sheena Iyengar that finds the more 401k options an employee has to choose from, the more it deters him or her from enrolling in a plan.
Study: Too Many Choices Impair 401(k) Decisions
Financial Planning
Forbes features research findings by Prof. Charles Calomiris that reveal the size of bank loans made within EU member nations, and the relationship of these loans to the GDPs of the nations extending the credit.
The Contagion Moves From Greece To Ireland To Portugal To Spain
Forbes
The Wall Street Journal’s SmartMoney reports on research by Prof. Sheena Iyengar that finds that an employee may neglect choosing a 401k if he or she is presented with too many fund options.
Does Choice Make Us Selfish?
SmartMoney
Columbia Experts Discuss Impact of Japan Earthquake
Less than two weeks after a 9.0-magnitude earthquake struck Japan, three Columbia University professors shared their expertise as part of the university event, “The Economic, Health, and Political Consequences of Japan’s Earthquake.”
Calello: From Bail-Outs to Bail-Ins
A proposal coauthored by Paul Calello '87, head of Credit Suisse's investment bank, to recapitalize failing banks with shareholders' and creditors' money is gaining momentum in Europe.
Prof. Charles Calomiris comments on the reason why the commercial paper market declined and how investors are now beginning to look at this market as an opportunity.
Commercial Paper Market Rates at Record Lows
Marketplace