often claimed that individuals with a higher level of financial literacy display a higher propensity to plan for retirement …. In their planning process, individuals seek to achieve an optimal wealth level before their retirement by modulating … their average saving rate and, as a last step, by choosing their retirement age. In this paper, we test whether UK …

savings in retirement, this relationship is of increasing importance. We find differences between those people who self …-manage large retirement savings portfolios and those with money in institutional retirement savings funds, with the former …

, precautionary savings and retirement planning are positively correlated, but this is mostly driven by perceived, not actual …

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 …

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 …

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 …

show that people who score higher on the financial literacy questions are also much more likely to plan for retirement …

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 …

of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement wellbeing would do …

, precautionary savings and retirement planning are positively correlated, but this is mostly driven by perceived, not actual …