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and retirement planning in Canada to investigate how financially literate Canadians are and who does plan for retirement … retirement savings …Financial literacy and Canadians' capacity to plan for retirement is of primary importance for the policy debate over …
Persistent link: https://www.econbiz.de/10012458370
price risks after retirement. We analyze low demand using a life-cycle model structurally estimated with a unique stated …
Persistent link: https://www.econbiz.de/10014247959
of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement wellbeing would do …
Persistent link: https://www.econbiz.de/10012461918
, precautionary savings and retirement planning are positively correlated, but this is mostly driven by perceived, not actual …
Persistent link: https://www.econbiz.de/10012457312
same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … from the equity premium. Second, financial literacy is positively related to retirement planning, and the development of a … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
Persistent link: https://www.econbiz.de/10012461319
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/10012461547
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/10012461548
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/10012461549
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/10012461580
incentives in Canada. Using the survey experiment, we evaluate the effect of two different educational interventions and …
Persistent link: https://www.econbiz.de/10014226135