Arbeitspapier
How ordinary consumers make complex economic decisions: Financial literacy and retirement readiness
This paper explores who is financially literate, whether people accurately perceive their own economic decision-making skills, and where these skills come from. Self-assessed and objective measures of financial literacy can be linked to consumers' efforts to plan for retirement in the American Life Panel, and causal relationships with retirement planning examined by exploiting information about respondent financial knowledge acquired in school. Results show that those with more advanced financial knowledge are those more likely to be retirement-ready.
- Sprache
-
Englisch
- Erschienen in
-
Series: CFS Working Paper ; No. 2010/11
- Klassifikation
-
Wirtschaft
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Thema
-
Financial Knowledge
Financial Sophistication
Retirement Planning
Alterssicherung
Finanzmarkt
Wissen
Lebensverlauf
Altersgrenze
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lusardi, Annamaria
Mitchell, Olivia S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, Center for Financial Studies (CFS)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2010
- Handle
- URN
-
urn:nbn:de:hebis:30-78630
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lusardi, Annamaria
- Mitchell, Olivia S.
- Goethe University Frankfurt, Center for Financial Studies (CFS)
Entstanden
- 2010
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