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, we then show a strong correlation between financial literacy and the knowledge of the retirement system in Canada …. Finally, we provide evidence that general financial literacy and knowledge of the retirement system matter for retirement … preparation, by showing that Canadians with higher financial literacy scores and better knowledge of the retirement system are …
Persistent link: https://www.econbiz.de/10014553069
Canadian Bitcoin owners have low crypto knowledge and low financial literacy. We also find gender differences in crypto … literacy among Bitcoin owners, with female owners scoring lower in Bitcoin knowledge than male owners. We do not, however, find …
Persistent link: https://www.econbiz.de/10014553974
The hypothesis that people with more financial literacy make better financial decisions and show positive financial behaviors is crucial for more than one stakeholder. A weak connection between financial literacy and financial behaviors jeopardizes the opportunity to invest in financial...
Persistent link: https://www.econbiz.de/10012150306
results suggest that spending one dollar incentivizing financial literacy in this context leads to tuition savings of $115 …
Persistent link: https://www.econbiz.de/10013292093
This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their defined contribution (DC) plan assets and given their expected Social Security benefits. As an alternative, we also evaluate using plan assets to boost Social Security benefits...
Persistent link: https://www.econbiz.de/10013554899
. Average savings increase|especially for the financially less literate. We conclude that simplification of pension information … can potentially reduce disparities in pension planning and savings behavior. …
Persistent link: https://www.econbiz.de/10013399826
Despite persistent efforts to deal with life's economic challenges, most Ghanaians are financially insecure, making the pursuit of lifelong goals more difficult. Given these realities, financial literacy and consumer financial stability appear viable strategies for promoting economic stability....
Persistent link: https://www.econbiz.de/10014351742
that women have historically experienced lower mortality rates than men. In this paper, we study a measure of the gender … gap in mortality rates, we call “Gender Gap Ratio”, across a wide range of ages and for four countries: France, Italy …
Persistent link: https://www.econbiz.de/10014254817
knowledge about the complex nature of financial products and services and the risk that goes with them. This study looked at … advantage to undertake prudent retirement planning. Being financially illiterate adversely affects one’s life in relation to the … culture of savings, expenditure pattern, investment decisions and budgeting skills, making one economically insecure. The …
Persistent link: https://www.econbiz.de/10013242512
Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …
Persistent link: https://www.econbiz.de/10012113846