Archive: Lei Yu
![Senior couple and tecnologies](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_2-1536x1024.jpg.webp)
The brief’s key findings are: With the shift from traditional pensions to 401(k) plans, the welfare of retirees depends increasingly on their ability to make sound financial decisions. Using a dataset that follows a group of older individuals in the Chicago area, the analysis examines how aging affects financial decision making. Participants who suffer cognitiv…
![Smiling woman eating green apple.](https://crr.bc.edu/wp-content/uploads/2022/11/health_long-term_care_3-1536x864.jpg.webp)
Abstract Financial fraud is a major threat to older Americans, and this problem is expected to grow as the baby boom generation retires and more retirees manage their own retirement accounts. We use a unique dataset to examine the causes and consequences of financial fraud among older Americans. First, we find that decreasing cognition is…