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couples and their level of wealth and financial stress using TILDA data for Ireland. We find that joint financial literacy is …Financial literacy is higher for men than for women and high financial literacy has been linked to higher wealth and … better retirement planning. However, relatively little is known about the decision making process for retirement savings …
Persistent link: https://www.econbiz.de/10012005889
financial literacy is an important determinant of financial protection in the older pre-retirement population in Ireland. Using … with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence … assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial …
Persistent link: https://www.econbiz.de/10012005888
increase individuals' financial literacy and that the relationship between financial literacy and wealth is largely …
Persistent link: https://www.econbiz.de/10010289931
We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers …' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment … condition, it also projects retirement income based on defined-contribution savings, prominently displays the gap between …
Persistent link: https://www.econbiz.de/10014296502
Defaults have been shown to have a powerful effect on retirement saving behavior yet there is limited research on who … data on employer-sponsored retirement accounts linked to survey data, we estimate the relationship between retirement …
Persistent link: https://www.econbiz.de/10012141134
with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …
Persistent link: https://www.econbiz.de/10011984539
increase individuals' financial literacy and that the relationship between financial literacy and wealth is largely …
Persistent link: https://www.econbiz.de/10010959735
-employed people at older ages in Ireland results from lower retirement rates among the self-employed and not from transitions from …A feature of employment at older ages that has been observed in many countries, including Ireland, is the higher share … labour market career may reflect lower rates of retirement among the self-employed compared to employees, as well as …
Persistent link: https://www.econbiz.de/10011931628
Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
Persistent link: https://www.econbiz.de/10011931629
UDLs for longer time accumulate more savings. This effect holds for both financial and total wealth and is stronger at … higher quantiles of the wealth distribution. Longer exposure to UDLs also increases female labour market participation and …
Persistent link: https://www.econbiz.de/10011584678