Lewis Mandell, Ph.D.
ABOUT LEW MANDELL
Dr. Lewis Mandell is a financial economist with a research specialization in financial literacy and a teaching specialization in investments and valuation at the graduate and undergraduate levels. He began his professional career at the University of Michigan where he directed the Surveys of Consumer Finances, now run by the US Federal Reserve Board. In his 44 year academic career, he held professorships at a number of leading universities, most recently the University of Washington where he held the Kermit Hanson Professorship in Finance and Business Economics. He has directed research for the Comptroller of the Currency and served as Dean of Business at Marquette University and the State University of New York at Buffalo where he currently teaches in the
Singapore Executive MBA program and holds the title of Professor Emeritus.
Lew is the author of 22 books and numerous articles, largely relating to the financial behavior and literacy of consumers. He speaks nationally and internationally on consumer and investor financial literacy and education, has hosted radio call-in programs on investments and entrepreneurship in two major radio markets and has served as an outside director of a publicly-traded corporation, a large privately-owned corporation and a large family of mutual funds and variable annuities. He has testified before Congress four times and has been a guest on numerous nationally-broadcast programs including the Today Show, CNN, NPR, A&E and Fox News.
PRESENT POSITION
Financial Economist specializing in Financial Literacy. Emeritus Professor of Finance and Former Dean of Business, State University of New York, Buffalo, NY.
PREVIOUS POSITIONS:
Kermit O. Hansen Professor of Finance and Business Economics (Visiting Chair, 2008-2011), Foster School of Business, University of Washington, Seattle WA and Senior Fellow, Initiative on Financial Security, Aspen Institute, Washington DC (2008-2012)
Dean, School of Management (1998-2001) and Professor of Finance and Managerial Economics, SUNY Buffalo, 1998-2008
Dean, College of Business Administration, and Professor of Finance, Marquette University, 1995-98
Professor of Finance and Political Science, School of Business, University of Connecticut, 1980 – 1995 and Associate Dean, 1993-95
Professor of Finance and Director, Division of Economics, Finance and Business Law, the University of Texas at San Antonio 1977-1980
Director, Division of Economic Research and Analysis, Comptroller of the Currency,Washington,DC l976‑l977
Associate Professor of Economics and Founding Director, Social Science Research Institute, University of Maine l973‑l975
Study Director, Economic Behavior Program, Survey Research Center, Institute for Social Research, The University of Michigan, Director Survey of Consumer Finances l969‑l973.
VISITING PROFESSORSHIPS
Peking University, 1990
Tel Aviv University, 1979 (Israeli Bankers Association Professor)
Southern Methodist University, 1976-76
University of Wisconsin, Madison, 1974
MAJOR AWARDS
State University of New York Chancellor’s Award for Outstanding Teaching, 2008 (across all 64 campuses)
William E. Odem Visionary Leadership Award from the Jump$tart Coalition (nation’s leading award in financial literacy) 2004
Best Teacher–Buffalo Undergraduate Management Assn. 2003
BOOKS:
1970 Survey of Consumer Finances (with George Katona and Jay Schmiedeskamp),Ann Arbor: Institute for Social Research, l97l.
Credit Card Use in the United States Ann Arbor: Institute for Social Research, l972.
1971 Surveys of Consumers (senior author, with George Katona, Jay Schmiedeskamp, and James N. Morgan),Ann Arbor: Institute for Social Research, l972.
Industrial Location Decisions New York: Praeger, l975.
The Demand for Money in Israel New York: Marcel‑Dekker, Inc., l975.
Economics from the Consumer's Perspective Palo Alto: Science Research Associates, l975.
Bank Cards (with Neil Murphy),Washington,D.C.: American Institute of Banking, l976.
Introduction to Commercial Lending (with Gary Wood),Washington, D.C.: American Institute of Banking, l978.
Consumer Economics Palo Alto: Science Research Associates, l98l.
N.O.W. Accounts (with Neil Murphy),Chicago: Bank Administration Institute, l98l.
The Credit Card Industry - A History Boston: G. K. Hall ‑Twaine Publications, 1990.
Introduction to Investments (with Thomas O'Brien),New York: Macmillan: 1992.
Fundamentals of Financial Planning (published as Etext), 1995, 2004
Our Vulnerable Youth Washington,D.C.: Jumpstart Coalition, 1998
Improving Financial Literacy: What Schools and Parents Can and Cannot Do Washington,D.C.: Jumpstart Coalition, 2001
Financial Literacy, a Growing Problem: Results of the 2002 National Jump$tart Survey,Washington,D.C.: Jumpstart Coalition, 2003
Money Skill: An Interactive Etext for High School Seniors and College Students WashingtonDC, AFSA Education Foundation, 2003
Financial Literacy: Are We Improving? Results of the 2004 National Jump$tart Survey,Washington,D.C.: Jumpstart Coalition, 2004
Personal Investing (published as Etext), 2005
Financial Literacy: Improving Education Results of the 2006 National Jump$tart Survey,Washington,D.C.: Jumpstart Coalition, 2006
The Financial Literacy of Young American Adults: Results of the 2008 National Jump$tart Coalition Survey of High School Seniors and College Students, Washington, D.C.: Jumpstart Coalition, 2009
What to Do When I Get Stupid Bainbridge Island, WA Point White Publishing, 2013
SELECTED ARTICLES
"Consumer Perception of Incurred Interest Rates: An Empirical Test of the Efficacy of the Truth‑in‑Lending Law," Journal of Finance December, l97l.
"A Modal Search Technique for Predictive Nominal Scale Multivariate Analysis" (with Robert Messinger), Journal of the American Statistical Association December, l972.
"Consumer Knowledge and Understanding of Consumer Credit," Journal of Consumer Affairs Summer, l973.
"When to Weight: A Guide for Determining Non‑Response Bias in Sample Survey Data," Public Opinion Quarterly Summer, l974
"Factors Affecting the Growth of Bank Credit Card and Check Credit: Discussion," Journal of Finance l977.
"Diffusion of EFTS Among National Banks," Journal of Money, Credit and Banking May, l977.
"Discrimination in Mortgage Lending" (with Harold Black and Robert L. Schweitzer), American Economic Review May, l978.
"Some Insight Into the Underreporting of Finance Data by Sample Survey Respondents" (with Lorman L. Lundsten), Journal of Marketing Research May, l978.
"Consumer Response to Restructured Financial Institutions: The Case of Maine" (with Neil Murphy), Journal of Money, Credit and Banking February, l979.
"Reforming the Structure of Financial Institutions" (with Neil Murphy), Journal of Bank Research l979.
"Interpreting the Image of Banking" (with Yair Orgler and Ran Lachman), Journal of Bank Research Summer, l98l.
"Vertical Performance Management: Strategic Implications for Financial Service" (withDonald Hempel and Michael Laric), Journal of Economics and Business October, l98l.
"The Impact of Bank Deregulation on Small Business" (with Peter Struck), Journal of Finance June, l983.
"The Savings Industry" Grolier's Encyclopedia, 1991, 1998.
“Another Look at Consumer Sentiment," Public Perspective, January/February, 1992
"Nobody Gains from Dollar Cost Averaging,” (with John Knight) Financial Services Review, September 1992
Advantages of Investment in Multinational Firms in Regions with Developing Capital Markets" (with Mary Cutler), Review of Business Studies, Vol.3, Issue 2 (1994).
“Optimal Holding Period for Assets That Must Be Liquidated," (with John Knight), Financial Services Review, Fall, 1995.
"Credit Cards," in Dictionary of American History, Lakeville, CT, Charles Scribner's Sons, 1996
“Credit Card,” Encyclopedia of American Studies, 2000
“Credit Cards,” in Robertson, Roland, and Jan Aart Scholte, eds.Encyclopedia of Globalization. New York: Routledge, 2006
“Motivation and Financial Literacy,” (with Linda Klein). Financial Services Review, 16, 106-116, September 2007
“Financial Knowledge of High School Seniors,” in Jing J. Xiao (editor) Advances in Consumer Finance Research New York: Springer Publishing, 2008
“Financial Literacy: Does it Matter?” in Thomas A. Lucey and Kathleen S. Cooter Financial Literacy for Children and Youth Digitaltextbooks.biz, 2008
“Teaching Young Dogs Old Tricks: The Effectiveness of Financial Literacy Intervention in Pre-High School Grades” in Thomas A. Lucey and Kathleen S. Cooter Financial Literacy for Children and Youth Digitaltextbooks.biz, 2008
Financial Education in the Workplace Motivations, Methods and Barriers, Washington, D.C.: New America Foundation, 2008
“Financial Education in High School,” in Annamaria Lusardi (ed.), Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs, Chicago: University of Chicago Press, 2009
“The Impact of Financial Literacy Education on Subsequent Financial Behavior” (with Linda Klein). Journal of Financial Counseling and Planning (2009, Volume 20, Issue 1)
"Consumer trends in the public, private, and nonprofit sectors," (with Boshara, R., Gannon, J., Phillips, J. W. R., & Sass, S.) New America Foundation White Paper, http://newamerica.net/publications/policy/consumer_trends_in_the_private_public_and_non_profit_sector 2010
"Child Allowances - Beneficial or Harmful" 2011 http://lewismandell.com/child_allowances_-_beneficial_or_harmful/admin
“School-Based Financial Education: Not Ready for Prime Time,” in Bodie, Zvi, Lawrence B. Siegel and Lisa Stanton Life-Cycle Investing: Financial Education and Consumer Protection Charlottesville, VA, CFA Institute, 2012
“Financial Education and Financial Access: Lessons Learned from Child Development Account Research,” (with Trina R. Williams Shanks and Deborah Adams) Innovations September 2013
CHAPTERS IN BOOKS:
"Changes in Liquid Asset Holdings," in Katona, et. al. 1969 Survey of Consumer FinancesAnn Arbor: Institute for Social Research, l970.
"The Changing Role of the American Consumer," in Britt, Steuart Henderson and Harper W. Boyd, Jr., Marketing Management and Administrative Action 3rd Edition, New York: McGraw Hill, l973.
"Commentary on 'Bank Supervision in the Sunshine'," in Erb, Richard D. (Editor), Federal Reserve Policies and Public Disclosure, Washington, D.C.: American Enterprise Institute,l978.
"The New Home Economics," in Parsons, Talcott, Tamara Hareven and Lewis Mandell, Changing Economy of the Family Washington, D.C.: American Council of Life Insurance, l978.
"Analysis of Credit and Transportation," in Brenneke, Judith S., Consumer Education and Economic Education in the Public Schools, New York: Joint Council on Economic Education, l98l.
"Credit Cards and the Financing of Small Businesses," in Horvitz, Paul, The Financing of Small Business 1985.
“Financial Literacy in the U.S. and Efforts toward Credit Education,” in Durkin, Thomas and Michael Staten, The Impact of Public Policy on Consumer Credit, Boston: Klewer Academic Publishers, 2002.
“Financial Literacy: If It’s So Important, Why Isn’t It Improving,” in Tatem, John Assessing Adult Financial Literacy and Why it Matters Indianapolis: Networks Financial Institute, 2006
“Financial Knowledge of High School Seniors,” in Jing J. Xiao (editor) Advances in Consumer Finance ResearchNew York: Springer Publishing, 2008
“Financial Literacy: Does it Matter?” in Thomas A. Lucey and Kathleen S. Cooter Financial Literacy for Children and Youth Digitaltextbooks.biz, 2008
“Teaching Young Dogs Old Tricks: The Effectiveness of Financial Literacy Intervention in Pre-HighSchoolGrades” in Thomas A. Lucey and Kathleen S. Cooter Financial Literacy for Children and Youth Digitaltextbooks.biz, 2008
“Financial Education in High School,” in Annamaria Lusardi (ed.), Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs, Chicago: University of Chicago Press, 2009
CONGRESSIONAL TESTIMONY
"Inaccurate and Unfair Billing Practices," Hearings Before the Subcommittee on Consumer Credit of the Committee on Banking, Housing and Urban Affairs, United States Senate, Ninety‑Third Congress, 1973, pp 63‑78
"Equal Opportunity in Lending," Hearings Before the Committee on Banking, Housing and Urban Affairs,U. S.Senate, Ninety‑Fourth Congress, 1976, pp 15‑18.
"How the Financial System Can Best Be Shaped to Meet the Needs of the American People," Hearings Before the Committee on Banking, Finance and Urban Affairs,U. S.House of Representatives, Ninety‑Eighth Congress, 1984, pp 381‑422
“Revisions of the Federal Bankruptcy Laws” Hearings Before the House Judiciary Committee, U. S. House of Representatives, 1998
MEDIA EXPOSURE
Cable News Network
Today Show
New York Times
Business Week
Fortune Magazine
Economist
Money Magazine
Time Magazine
Reader’s Digest
Monthly Radio Call‑in Program inSan Antonio
Host of "The American Consumer" a nationally‑distributed TV series.
Periodic columnist in the American Banker
Educational Advisory Committee of Consumer Reports
Regular columnist for the Hartford Courant
Regular columnist for the San Antonio Express
Economic Commentator (paid) for TV Channel 3,Hartford
Talk Show Host "The Doughboys"
Financial Analyst WTMJ TV Milwaukee (weekly)
NPR (Morning Edition, All Things Considered, Marketplace)
A&E Biography
Talk Show Host “Your Business,” WNED Buffalo (weekly)
CSPAN
Channel NewsAsia Primetime Morning
Fox News
EDUCATION:
BA – Economics: City College of New York, June, l964.
MA – Economics: Northwestern University, June, l966.
Ph.D. – Economics: University of Texas, August, l970.
CONTACT INFORMATION
Copyright 2013 Lewis Mandell, Ph.D.. All rights reserved.