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wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor … of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement wellbeing would do …
Persistent link: https://www.econbiz.de/10013130966
forms of wealth. Rather, counting pensions in total wealth, those with more valuable pensions save more for retirement … will increase the wealth of households as they enter into retirement …This paper uses data from the Health and Retirement Study to explore the mechanism that underlies the robust relation …
Persistent link: https://www.econbiz.de/10013136556
same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … many determinants of wealth. Moreover, we discuss two channels through which financial literacy might facilitate wealth … from the equity premium. Second, financial literacy is positively related to retirement planning, and the development of a …
Persistent link: https://www.econbiz.de/10013121050
financial literacy and retirement planning, we develop an IV strategy by making use of regional variation in the financial … knowledge of peers. We find a positive impact of financial knowledge on retirement planning …
Persistent link: https://www.econbiz.de/10013123985
show that people who score higher on the financial literacy questions are also much more likely to plan for retirement …
Persistent link: https://www.econbiz.de/10013124228
We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys … 2005 to 2010, significantly more individuals planned for their retirement in 2010. At the same time, employees …' expectations about the level of their pension income are high compared to what retirement plans may realistically provide. However …
Persistent link: https://www.econbiz.de/10013124236
Relatively little is known about why people fail to plan for retirement and whether planning and information costs … might affect retirement saving patterns. This paper reports on a purpose-built survey module on planning and financial … literacy for the Health and Retirement Study which measures how people make financial plans, collect the information needed to …
Persistent link: https://www.econbiz.de/10013124838
Financial literacy and Canadians' capacity to plan for retirement is of primary importance for the policy debate over … and retirement planning in Canada to investigate how financially literate Canadians are and who does plan for retirement … that has been consistently found in other countries as well. Retirement planning is strongly associated with financial …
Persistent link: https://www.econbiz.de/10013050307
, precautionary savings and retirement planning are positively correlated, but this is mostly driven by perceived, not actual …
Persistent link: https://www.econbiz.de/10013019487
We conduct a stated-choice experiment to analyze the decision to contribute to front- or back-loaded tax-sheltered savings accounts. Our experimental design includes a randomized financial education treatment that provides information on these accounts. We assess whether respondents learn about...
Persistent link: https://www.econbiz.de/10013313665