To apply for the position, please prepare the following documents:
• A curriculum vitae
• An overview of your study results (certified copies of diplomas and transcripts).
• A letter of motivation (max. 500 words): all applicants must provide a letter of motivation.
• A digital copy of one or two texts that are a proof of your research experience (and analytical qualities) - if available preferably in English.
For more information please contact Prof. dr. Kristof De Witte, tel.: +32 16 32 66 56, mail: firstname.lastname@example.org.
You can apply for this job no later than August 30, 2019 via the online application tool.
KU Leuven seeks to foster an environment where all talents can flourish, regardless of gender, age, cultural background, nationality or impairments. If you have any questions relating to accessibility or support, please contact us at diversiteit.HR@kuleuven.be.
LEER is a research and education center of the Faculty of Economics and Business of the KU Leuven. We aim for independent state-of-the-art academic research on educational issues with economic tools (see www.feb.kuleuven.be/leer).
The European Key Competences emphasize the importance of financial literacy for a successful participation of individuals in society. Moreover, it has been argued that for macroeconomic stability and individuals’ (financial) well-being, financial literacy is a necessary condition. However, it is not a sufficient condition as individuals might still act in an irrational way due to cognitive biases. Since suboptimal decision-making is apparent across the ranges of educational level and socioeconomic status, there is a need for further research on the prevalence and cures for similar cognitive biases. Up to now, there is a lack of studies examining which interventions could indeed result in improved financial decisions. Thanks to funding by the ‘Baloise Chair to Financial Well-being’, this PhD research fills this gap.
In line with the traditional economic theory that assumes rational decisions of individuals, it is assumed that more financial literate individuals act more rational. However, there is an expanding literature that rigorously shows that individuals might deviate from rational decisions. Similar cognitive biases correspond to systematic patterns of deviations from norm or rational behaviour.
This research should obtain more insights in the following research questions:
- What is the role of cognitive biases in actions to promote financial well-being?
- How can insights from behavioral economics be applied to financial well-being?
To examine the questions, we make use of randomized controlled trials on an online platform. As a PhD researcher, you design the interventions (e.g. framing of the tool on the website) and analyse the effect by using econometric tools. Using the collected data, the PhD researcher writes at least four papers which will be submitted to peer-reviewed journals.
The Research Center ‘Leuven Economics of Education Research’ (KU Leuven) is looking for an enthusiastic and motivated junior scholar to conduct a PhD in economics. The candidate should have the following qualifications: