This paper analyzes new data on financial literacy and financial sophistication from the 2008 Health and Retirement Study. We show that financial literacy is lacking among older individuals and for the first time explore additional questions on financial sophistication which proves even scarcer....

As the level of retirement-related assets has grown, so too has public and private interest in so-called Socially Responsible Investment (SRI), an investment strategy that employs criteria other than the usual financial risk and return factors when selecting firms in which to invest. This study...