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Sociodemographic, economic, and psychological drivers of the demand for life insurance : evidence from the German Retirement Income Act

Hecht, Carolin; Hanewald, Katja - 2010

We exploit the natural experiment of the 2005 income tax reform in Germany to study the effects of tax incentives on consumer behavior in life insurance markets. Our empirical analysis of sociodemographic, economic, and psychological household characteristics elicited in the German SAVE study...

Persistent link: https://www.econbiz.de/10008658341

Backing Out of Private Pension Provision - Lessons from Germany

Ziegelmeyer, Michael - 2013

Financing pensions in the EU is a challenge. Many EU countries introduced private pensions schemes to compensate declining public pensions levels due to reforms made necessary by demographic change. In 2001, Germany introduced the Riester pension. Ten years after introduction the prevalence rate...

Persistent link: https://www.econbiz.de/10013081577

It Takes Two to Tango : Households' Response to Financial Advice and the Role of Financial Literacy

Stolper, Oscar Anselm - 2017

Using a unique dataset of over 6,000 clients of a German advisory firm who have received rule-based financial advice on basic retirement provision and the insurance of major life risks, we investigate households' response to advice when the risk of product misselling is effectively minimized....

Persistent link: https://www.econbiz.de/10012970878

Empower the Consumer! Energy-Related Financial Literacy and its Socioeconomic Determinants

Blasch, Julia - 2018

To be aware of the potential for energy savings in their homes, individuals need specific energy-related and financial …

Persistent link: https://www.econbiz.de/10012919689

Financial Literacy Education : Implication on Teachers' Economic and Social Life in Ghana

Matey, Juabin; Duut, Joseph Yennukua; Kombian, Mensah Felix - 2021

culture of savings, expenditure pattern, investment decisions and budgeting skills, making one economically insecure. The …

Persistent link: https://www.econbiz.de/10013242512

Financial literacy and mutual fund retail investing : evidence from Korea during the 2008 financial crisis

Chung, Jongwoo; Kim, Booyuel - 2022

We investigate the heterogeneous effects of financial literacy on individual investment decisions during and after the 2008 financial crisis. While differentiating objective and subjective financial knowledge, we find that only subjective knowledge is positively related to participation in...

Persistent link: https://www.econbiz.de/10013198206

Heterogeneous Relationship between Financial Literacy and Fund Investment Behaviors : Evidence from South Korea during the Financial Crisis

Chung, Jongwoo; Kim, Booyuel - 2023

The importance of financial knowledge on efficient investment behaviors is well known. However, few studies have examined the relationship between financial literacy and investment behaviors under different economic situations. Using the 2007–2016 Fund Investors Survey from South Korea, we...

Persistent link: https://www.econbiz.de/10014356173

The Impact of Financial Education for Youth in Ghana

Berry, James; Karlan, Dean S.; Pradhan, Menno Prasad - 2015

offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …

Persistent link: https://www.econbiz.de/10014136739

Actual and perceived financial sophistication and wealth accumulation : the role of education and gender

Bannier, Christina E.; Neubert, Milena - 2016

This study examines the role of actual and perceived financial sophistication (i.e., financial literacy and confidence) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and education-related differences in the distribution of the two...

Persistent link: https://www.econbiz.de/10011417255

Saving for Retirement - A Case for Financial Education in Germany and UK? An Economic Perspective

Oehler, Andreas - 2010

Demographic changes, tight public budgets, and reduced generosity of occupational pension plans shift the responsibility for an adequate retirement provision towards the individual. Applying the theoretical perspectives of Behavioural Finance and New Institutionalism to the domain of retirement...

Persistent link: https://www.econbiz.de/10013139316