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 distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on comprehensive measures of financial knowledge designed for a special module of the DNB (De Nederlandsche Bank) Household Survey. Our findings provide evidence of a strong positive association between financial literacy and net worth,... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2011 |
Verlag/Hrsg.: |
Frankfurt a. M.: Goethe University Frankfurt
Center for Financial Studies (CFS) |
Schlagwörter: | ddc:330 / D91 / D12 / J26 / Financial Education / Savings and Wealth Accumulation / Retirement Preparation / Knowledge of Finance and Economics / Overconfidence / Stock Market Participation / Alterssicherung / Sparen / Finanzwissen / Altersgrenze / Vertrauen / Wertpapierspekulation / Niederlande |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28818018 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/57373 |