NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Market for Financial Advice: An Audit Study

Sendhil Mullainathan, Markus Noeth, Antoinette Schoar

NBER Working Paper No. 17929
Issued in March 2012

---- Acknowledgements -----

We thank Tim Adam, John Campbell, Matthew Gentzkow, Michael Haliassos, Steffen Meyer, Jay Ritter, and seminar participants at Berkeley, Columbia, MIT Sloan, NBER Behavioral Economics Working Group, NBER Household Finance workshop, NetSpar Torino, SAVE Deidesheim, and ESSFM Gerzensee as well as at the AEA and the AFA for their helpful comments. We thank Ximena Cadena and Carter Powers for outstanding research assistance in implementing the project. We would also like to acknowledge financial support for the audit study from ideas42. All mistakes are of course our own. Sendhil Mullainathan is the assistant director of research at the CFPB. The views expressed are those of the authors and do not necessarily represent those of the Director of the Consumer Financial Protection Bureau nor those of the staff, nor the views of the National Bureau of Economic Research.

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