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This paper analyzes the impacts of financial literacy on the investment and pension planning behavior in Austria and Switzerland. Based on survey data of 449 individuals from Austria and Switzerland, we first analyze which socio-demographic and country-specific factors determine financial...
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This paper analyzes the impacts of financial literacy on pension planning in Austria and Switzerland. Based on survey data of 442 individuals, we explain the pension planning behavior by the level of financial literacy as well as other relevant person- and country-specific characteristics...
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both the United States and Australia. The two countries have taken somewhat similar approaches to the content of default … assignment of fiduciary responsibility. It concludes that Australia's approach offers two lessons for the U.S. First, disclosure …
Persistent link: https://www.econbiz.de/10013096561
Both the United States and Australia have increased the use of default settings in defined contribution (DC) plans such … assignment of fiduciary responsibility. It concludes that Australia's approach offers two lessons for the U.S. First, disclosure …
Persistent link: https://www.econbiz.de/10013112517
Using a sample of 256 pension funds from Australia, Canada, the United States and Europe for the period 2004 to 2012 … of separation between managers and beneficiaries which exists in Australia, where delegation of responsibility is …
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