same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the DNB (De Nederlandsche Bank) Household Survey. Our …

There is a common perception that households are under-saving for retirement - indeed this has motivated many recent … English Longitudinal Study of Aging, an optimal level of wealth is calculated for each household. This is then compared to the … greater wealth than is necessary to maintain their living standards into and through retirement …

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 …

We examine the relationship between financial literacy and retirement planning in a representative sample of Swedish …

and purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now. We …

finds that it is preferable to let people make their retirement decision after rather than before the uncertainty is lifted …This paper explores the effect of letting individuals choose their retirement age in a world of uncertainty where there …

motives, such as saving for retirement, and saving behavior. Survey data show that many respondents save for retirement in … unconventional retirement accounts, such as investments in real estate. We show that finding the retirement motive important does not … directly translate in additional retirement savings. We show that the annuity stream generated by conventional and …

system in the Netherlands to calculate net replacement rates at each age from 60 to 70 in full and partial retirement … analyze the implications of late full retirement and partial retirement for the occupational and state pension entitlements …. We pay particular attention to the retirement scenarios that are relevant for the current policy measures, aimed at …

The paper studies retirement behavior of wage‐earners in Belgium – for the first time using rich survey data to explore … retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990 … explicitly takes into account the different take‐up rates of the various early retirement exit paths across time and ages. The …

determinants of financial literacy and link financial literacy to retirement planning. Overall, the level of financial literacy is … retirement …