wealth for retirement. We find it is frequently difficult to distinguish empirically between models with the two types of …

wealth, income constant. We have a number of findings. First, the more valuable the pension, the more knowledgeable are … covered workers about their pensions. We suggest that causality is more likely to run from pension wealth to pension knowledge … value does not substitute for other forms of wealth. Rather, counting pensions in total wealth, those with more valuable …