Showing 1 - 10 of 158
the complexity of pensions systems and degrees of myopia. In this paper, we assess levels of knowledge of pensions using a …
Persistent link: https://www.econbiz.de/10013076158
, effects were larger for those with greater financial knowledge, suggesting this type of tool complements, rather than …
Persistent link: https://www.econbiz.de/10014236084
Using micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey this paper examines the relationship between the gender gap in financial literacy and the gender gap in pension savings amongst non-retired adults aged 18-64 in 2018. A simple theoretical model is...
Persistent link: https://www.econbiz.de/10013406439
the degree of gender convergence in financial knowledge in the country of ancestry, the higher the financial knowledge of … with greater financial knowledge for men but not for women in the US. Once we remove any country-of-ancestry gender … variation from these preferences, gender convergence in financial knowledge continues to be associated with women's (relative …
Persistent link: https://www.econbiz.de/10013406447
literacy, defined as knowledge of fundamental financial concepts and the ability to do simple financial calculations, is a key …
Persistent link: https://www.econbiz.de/10012870293
The tendency to underestimate the future value of a variable growing at a constant rate, an example of exponential growth bias, has been linked to household financial decision making. We show that exponential growth bias and standard measures of financial literacy are negatively correlated in a...
Persistent link: https://www.econbiz.de/10013122964
This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...
Persistent link: https://www.econbiz.de/10013136725
We analyse the effects of pension reforms on the planned retirement age of women by exploiting within country variation in pension wealth across cohorts of workers in Italy after the Amato and Dini reforms of the early 1990s, which introduced a "Notionally Defined Contribution" (NDC) method for...
Persistent link: https://www.econbiz.de/10013324794
Recent reforms to social security in many countries have sought to delay retirement. Given the family context in which retirement decisions are made, social security reforms have potentially important spill-over effects on the participation of spouses. This paper analyses the impact of women's...
Persistent link: https://www.econbiz.de/10012987699
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...
Persistent link: https://www.econbiz.de/10012843162