We examine the relationship between financial literacy and retirement planning in a representative sample of Swedish adults. We find significant differences in financial literacy between planners and non-planners. Financial literacy levels are also lower among older people, women and those with...

Dass der Eintritt eines Kindes in eine Familie diese wirtschaftlich belastet, ist eine triviale Erkenntnis; dass Kinder ihre Familie sogar unter die Armutsgrenze drücken können, ist in vielen Fällen zu beobachten. Folgerichtig gibt es Überlegungen, wie der unselige Zusammenhang zwischen...

I examine household resource reallocation when private transfers are sent to nonhousehold members living elsewhere. The literature has so far focused on the impact of private transfers on the recipients, but not on the senders. Potential endogeneity of private transfers is handled by...

We studied whether relative income has an impact on subjective well-being among extremely poor people. Contrary to the findings in developed countries, where relative income has shown a significant and negative impact on subjective well-being, we cannot reject the hypothesis that relative income...