The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Consumer Financial Protection
Open accessAbstract
The recent financial crisis has led many to question how well businesses deliver services and how well regulatory institutions address problems in consumer financial markets. This paper discusses consumer financial regulation, emphasizing the full range of arguments for regulation that derive from market failure and from limited consumer rationality in financial decision making. We present three case studies—of mortgage markets, payday lending, and financing retirement consumption—to illustrate the need for, and limits of, regulation. We argue that if regulation is to be beneficial, it must be tailored to specific problems and must be accompanied by research to measure the effectiveness of regulatory interventions.
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Citations
Cites
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Myopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1955) · The Review of Economic Studies · doi:10.2307/2295722 · Cited by 2,834 · cited 1×
“A leading example is the case of present-biased preferences, which can lead an individual to make a decision today that reduces future welfare in a way that the individual later regrets (Strotz, 1955; Laibson, 1997).”
BackgroundFinancial Literacy Among the Young
Lusardi, A., Mitchell, O. S., & Curto, V. (2009) · SSRN Electronic Journal · doi:10.2139/ssrn.1476982 · Cited by 1,804
Down or Out: Assessing the Welfare Costs of Household Investment Mistakes
Calvet, L. E., Campbell, J. Y., & Sodini, P. (2006) · SSRN Electronic Journal · doi:10.2139/ssrn.881768 · Cited by 1,081
Self-citationFinancial Literacy, Financial Education, and Economic Outcomes
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013) · Annual Review of Economics · doi:10.1146/annurev-economics-082312-125807 · Cited by 1,041
Self-citationWHO IS ‘BEHAVIORAL’? COGNITIVE ABILITY AND ANOMALOUS PREFERENCES
Benjamin, D. J., Brown, S. A., & Shapiro, J. M. (2013) · Journal of the European Economic Association · doi:10.1111/jeea.12055 · Cited by 690
$100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans
Choi, J. J., Laibson, D., & Madrian, B. C. (2011) · Review of Economics and Statistics · doi:10.1162/rest_a_00100 · Cited by 354
Self-citationReinforcement Learning and Savings Behavior
CHOI, J. J., LAIBSON, D., MADRIAN, B. C., & METRICK, A. (2009) · The Journal of Finance · doi:10.1111/j.1540-6261.2009.01509.x · Cited by 324
Self-citation
Cited by
The Economic Importance of Financial Literacy: Theory and Evidence
Lusardi, A., & Mitchell, O. S. (2014) · Journal of Economic Literature · doi:10.1257/jel.52.1.5 · Cited by 4,698
Financial Literacy, Financial Education, and Economic Outcomes
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013) · Annual Review of Economics · doi:10.1146/annurev-economics-082312-125807 · Cited by 1,041
Self-citationTransformative service research: An agenda for the future
Anderson, L., Ostrom, A. L., Corus, C., Fisk, R. P., Gallan, A. S., Giraldo, M., Mende, M., Mulder, M., Rayburn, S. W., Rosenbaum, M. S., et al. (2013) · Journal of Business Research · doi:10.1016/j.jbusres.2012.08.013 · Cited by 989
The Economic Importance of Financial Literacy: Theory and Evidence
Lusardi, A., & Mitchell, O. S. (2013) · SSRN Electronic Journal · doi:10.2139/ssrn.2260193 · Cited by 675
How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice?
GAUDECKER, H. V. (2015) · The Journal of Finance · doi:10.1111/jofi.12231 · Cited by 596
Metadata
- Authors
- Campbell, J. Y., Jackson, H. E., Madrian, B. C., & Tufano, P.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 2011-02-01
- Volume
- 25
- Issue
- 1
- Pages
- 91-114
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2167209551
- Cited by
- 424
- References
- 8
- FWCI
- 91.52
- Type
- journal article
- Language
- en
- Open access
- green
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- Campbell, J. Y., Jackson, H. E., Madrian, B. C., & Tufano, P. (2011). Consumer Financial Protection. Journal of Economic Perspectives. https://doi.org/10.1257/jep.25.1.91
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
