Preparation for Retirement, Financial Literacy and Cognitive Resources
نویسندگان
چکیده
منابع مشابه
Financial Literacy, Retirement Planning, and Household Wealth
There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the net worth distribution is heavily dispersed and many workers arrive on the verge of retirement with little or no personal wealth. This paper is the first to investigate the relation between financial sophistication and household net worth relying on specific measure...
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Over the past three decades, the burden of responsibility for retirement savings has shifted from employer to employee. Saving for retirement has changed from an insured, employer-provided benefit to an uninsured employee-provided deduction from a paycheck. When retirement planning and investment decision-making is largely relegated to individuals, financial literacy is essential. Financial ill...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1337655