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Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a … measuring financial knowledge, but when this response option is unavailable, they often choose the correct answer. We estimate a …-third of the financial literacy gender gap can be explained by women’s lower confidence levels. Both financial knowledge and …
Persistent link: https://www.econbiz.de/10013240240
have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment …
Persistent link: https://www.econbiz.de/10012482014
own retirement security, this lack of knowledge has serious implications …
Persistent link: https://www.econbiz.de/10012463180
showed that financial literacy is low among the young; fewer than one-third of young adults possess basic knowledge of …
Persistent link: https://www.econbiz.de/10012463298
knowledge acquired in school - before entering the labor market and certainly before starting to plan for retirement. Results … show that those with more advanced financial knowledge are those more likely to be retirement-ready …
Persistent link: https://www.econbiz.de/10012463300
Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. This paper demonstrates widespread financial illiteracy...
Persistent link: https://www.econbiz.de/10012464561
Many older US households have done little or no planning for retirement, and there is a substantial population that seems to undersave for retirement. Of particular concern is the relative position of older women, who are more vulnerable to old-age poverty due to their longer longevity. This...
Persistent link: https://www.econbiz.de/10012464898
whether individuals have the financial knowledge and skills to navigate this new financial environment. To better understand … Survey. We have designed questions to measure numeracy and basic knowledge related to the working of inflation and interest … rates, as well as questions to measure more advanced financial knowledge related to financial market instruments (stocks …
Persistent link: https://www.econbiz.de/10012465082
In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...
Persistent link: https://www.econbiz.de/10012472459
As the world becomes more financially integrated and complex, average individuals and their families are increasingly faced with making highly sophisticated and all-too-often irreversible financial decisions. Nowhere is this more evident than with regard to retirement decision-making. Indeed,...
Persistent link: https://www.econbiz.de/10012461581