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Disentangling the Importance of the Precautionary Saving Mode

Kennickell, Arthur - 2004

We assess the importance of the precautionary saving motive by relying on a direct question about precautionary wealth from the 1995 and 1998 waves of the Survey of Consumer Finances. In this survey, a new question has been designed to elicit the amount of desired precautionary wealth. This...

Persistent link: https://www.econbiz.de/10012467799

Household Saving Behavior : The Role of Financial Literacy, Information, and Financial Education Programs

Lusardi, Annamaria - 2008

Individuals are increasingly in charge of their own financial security after retirement. But how well-equipped are individuals to make saving decisions; do they possess adequate financial literacy, are they informed about the most important components of saving plans, do they even plan for...

Persistent link: https://www.econbiz.de/10012464823

Planning and Financial Literacy : How Do Women Fare?

Lusardi, Annamaria - 2008

Many older US households have done little or no planning for retirement, and there is a substantial population that seems to undersave for retirement. Of particular concern is the relative position of older women, who are more vulnerable to old-age poverty due to their longer longevity. This...

Persistent link: https://www.econbiz.de/10012464898

Precautionary Savings and the Importance of Business Owners

Hurst, Erik - 2005

business owners and non-business owners, the size of precautionary savings with respect to labor income risk is modest and … highly volatile income, they induce a correlation between wealth and income risk regardless of whether or not a precautionary … high estimate of the importance of precautionary savings. New data from the Survey of Consumer Finances further confirms …

Persistent link: https://www.econbiz.de/10012466941

Saving Puzzles and Saving Policies in the United States

Lusardi, Annamaria - 2001

In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The macroeconomic literature suggests that about half...

Persistent link: https://www.econbiz.de/10012470487

Financial Literacy and Retirement Planning in Canada

Boisclair, David - 2014

interest compounding, inflation, and risk diversification. This is consistent with evidence from other countries, and Canadians … retirement savings …

Persistent link: https://www.econbiz.de/10012458370

Financial Literacy, Retirement Planning, and Household Wealth

van Rooij, Maarten - 2011

savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

Persistent link: https://www.econbiz.de/10012461319

Financial Literacy and Retirement Planning in Germany

Bucher-Koenen, Tabea - 2011

We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education and low income in East Germany have little financial...

Persistent link: https://www.econbiz.de/10012461547

Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands

Alessie, Rob J. - 2011

We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for...

Persistent link: https://www.econbiz.de/10012461548

Financial Literacy and Retirement Planning in the United States

Lusardi, Annamaria - 2011

We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...

Persistent link: https://www.econbiz.de/10012461549